09/10/2026
📊🏡 The Metro Vancouver market remained soft in August, with home sales down 4.6% compared to the same time last year, bringing an underwhelming summer market to a close.
After a brief jump in sales in June the market has struggled to maintain momentum. Sales have now lagged expectations since May, and the latest numbers suggest that softer conditions could continue through the rest of the year.
Here’s what we’re seeing right now 👀
📉 Home sales were down 4.6% year-over-year
📦 Inventory has come down from the high levels we saw in 2025, but remains healthy relative to the level of demand
💰 Prices continue to edge lower, with the overall benchmark price now about 6% below where it was a year ago
🏡 Buyers have plenty of choice and more negotiating power
📉 Despite softer prices and relatively stable mortgage rates, buyer demand remains subdued
On paper, this should be a pretty favourable market for buyers: more choice, lower prices and relatively stable mortgage rates. But so far, that hasn't been enough to bring buyers back in significant numbers.
There are several factors at play, including slower immigration, less investor activity and mortgage rates that may simply not be low enough yet to encourage stronger demand. Ongoing trade uncertainty is also adding another layer of caution.
For now, buyers remain in the driver's seat, and there doesn't appear to be much urgency to make a move.
💬 If you're thinking about buying or selling, let's talk about what the current market could mean for you.