09/03/2026
The Metro Vancouver market wrapped up the summer with slower than expected sales. August residential sales fell 4.6% year over year and remained 20.7% below the 10-year seasonal average. Inventory levels have eased but still remain elevated, and the combination of softer demand and ample selection continues to put gradual downward pressure on prices.
- the MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,081,900 which represents a 5.6% decrease from August 2025 and a 0.6% decrease compared to July 2026;
- the benchmark price for a detached home is $1,799,400, which represents a 7.2% decrease from August 2025 and a 1.3% decrease compared to July 2026;
- the benchmark price of an apartment home is $686,200, which represents a 6.6% decrease from August 2025 and a 0.3% decrease compared to July 2026;
- the benchmark price of a townhouse is $1,028,800, which represents a 4.4% decrease from August 2025 and a 0.2% decrease compared to July 2026.