07/03/2026
Greater Vancouver Real Estate Market Overview
The Greater Vancouver real estate market continued to show encouraging signs of stabilization in June. Home sales increased nearly 10% compared to the same month last year, suggesting that buyer confidence is gradually returning after a prolonged period of caution. While sales remain below the long-term seasonal average, activity improved across detached homes, townhomes, and apartments - a positive shift that has been relatively uncommon over the past several years.
Inventory remains elevated compared to historical norms, providing buyers with more choice and helping to keep prices relatively stable. New listings slowed in June while buyer activity increased, meaning the supply of available homes is no longer growing at the pace seen earlier this year. If this trend continues, it could gradually place more upward pressure on prices in the months ahead.
The benchmark price for all residential property types across Greater Vancouver was $1,099,100 in June, essentially unchanged from May but approximately 6% lower than one year ago. This combination of stable pricing, improving demand, and ample inventory continues to create balanced conditions for both buyers and sellers.
Maple Ridge & Pitt Meadows Market
The Maple Ridge and Pitt Meadows market continues to offer excellent opportunities for both buyers and sellers.
Like the broader Greater Vancouver market, local prices have remained relatively stable over recent months while buyers continue to enjoy a healthy selection of available homes. Benchmark prices remain below last year's levels across all major property types, helping to improve affordability and encouraging renewed buyer activity.
Detached homes continue to attract strong interest, while townhomes and condominiums remain popular with first-time buyers, downsizers, and investors. Compared with many neighbouring municipalities, Maple Ridge and Pitt Meadows continue to offer exceptional value, making the area attractive for buyers seeking more space and long-term growth potential.
Although buyers currently have more negotiating power than during the highly competitive markets of previous years, well-priced and well-presented homes continue to sell successfully. For sellers, today's market rewards accurate pricing, professional marketing, and experienced negotiation more than ever before.
Every neighbourhood and every property is different. While regional statistics provide helpful context, the value and marketability of an individual home depends on many factors, including location, condition, property type, and buyer demand.
If you're thinking about buying or selling in Maple Ridge, Pitt Meadows, the Tri-Cities, Mission, Langley or the surrounding areas, we'd be happy to help you understand what these market trends mean for your specific situation. Feel free to reach out for a no-obligation conversation.
