09/04/2026
August 2026 Market Update 🏡
The summer slowdown was clearly evident across the Lower Mainland in August, with both new listings and sales pulling back from July.
📍 Metro Vancouver
Detached: New listings ↓ 20% | Sales ↓ 18%
Condos: New listings ↓ 17% | Sales ↓ 9%
📍 Fraser Valley
Detached: New listings ↓ 21% | Sales ↓ 25%
Condos: New listings ↓ 15% | Sales ↓ 14%
📍 South Surrey / White Rock
Detached: New listings ↓ 20% | Sales ↓ 22%
Condos: New listings ↓ 6% | Sales ↓ 11%
So, what does this actually mean?
For buyers: There continues to be good selection in many parts of the market, less urgency than we've seen in previous years, and more opportunity to negotiate. In Metro Vancouver, overall inventory remains well above the 10-year seasonal average, while the benchmark price has continued to soften.
For sellers: This is a market where pricing and presentation matter. Buyers are taking their time and comparing properties carefully. Homes that are positioned correctly can still sell, but testing the market with an aggressive price can mean sitting longer and ultimately chasing the market down.
My takeaway: August was certainly a quieter month, but fewer new listings coming to market is worth watching as we head into the fall. Real estate is also very neighborhood- and property-specific right now — the headline numbers don't necessarily tell you what your home is doing.
If you're thinking about buying, selling, or simply curious what your property may be worth in today's market, I'm always happy to have a conversation.
Brooke Moss | Engel & Völkers
📱 778-870-4407
🌐 brookemoss.ca
