The numbers of residential property sales are down in Maple Ridge and Pitt Meadows, and so are prices.
According to the Great Vancouver Realtors association, January and February of 2026 has seen drops in sales and prices, across all property types. Compared with the same two months in 2025, house sales are down from 115 to 93, townhouses from 78 to 60 and apartments from 64 to 41.
Year-to-date house prices in Maple Ridge and Pitt Meadows have come down from a median price of $1.35 million in the first two months of 2025, to $1.18 million over the past two months. Similarly, townhouses are down from $829,000 to $745,000 over the same period, and apartments from $533,000 to $495,000.
“It’s definitely slowed since interest rates went up, and with inflationary pressures,” said Maple Ridge Realtor Jeff Weaver.
He warns sellers they can’t expect the prices of years ago, when buyers have a lot of choices.
“If they’re priced well, and staged well, demand it still through the roof,” he said. “Upgrades are everything. The ones that show well are the ones that sell.
After overheated, record-setting markets, with buyers offering $100,000 over the asking prices, this year marks a return to more normal market conditions, he said.
Slowing sales is a trend across the Metro Vancouver region. Home sales registered on the MLS in February continued the recent direction of slower-than-average sales, seeing a 10 per cent decline over the same period last year.
Residential sales across the region totalled 1,648 in February, a 10 per cent decrease from the 1,827 sales in February 2025. This was 29 per cent below the 10-year seasonal average (2,310).
“With each passing data point, the pace of sales running well below long-term averages are no longer a surprise – it’s become the new norm,” said Andrew Lis, GVR chief economist. “A surprising finding this February, however, is that home sellers appear less eager to list their homes relative to last year with new listings down about seven per cent, mostly driven by fewer listings in the apartment segment.”
The total number of properties currently listed for sale on the MLS system in Metro Vancouver is 13,545, a 6.3 per cent increase compared to February 2025 (12,744). This is 37 per cent above the 10-year seasonal average (9,886).