06/03/2026
This May 2026 news release from Greater Vancouver REALTORS® details a cooling trend in the Metro Vancouver housing market, primarily driven by a significant decline in apartment sales. While detached and attached home transactions remained relatively stable, overall residential sales fell nearly four percent compared to the previous year and sat well below the ten-year average. Despite this drop in demand, benchmark prices across most housing categories saw a year-over-year decrease of approximately six percent, though monthly price trends remained flat due to a healthy supply of available inventory. The report includes comprehensive statistical tables that break down price indexes and sales activity across various municipalities, such as Burnaby, Richmond, and Vancouver. Chief Economist Andrew Lis notes that the market is entering a calm phase, as balanced supply and muted demand prevent significant near-term price fluctuations. Overall, the documents provide a data-driven snapshot of a regional real estate market characterized by orderly summer transitions and localized growth in specific neighborhoods.
