08/13/2026
MARKET UPDATE
Home sales lose brief momentum-
Home sales registered on the MLS® in Metro Vancouver* fell nearly 10% relative to July last year, erasing the 10% gain seen in June that kicked off the summer.
“Last month, we reported broad gains in home sales across all home types, raising the question of whether demand would continue to build into the summer. Instead, July sales were down nearly ten per cent, led by an 18 per cent drop in apartment sales, confirming to market watchers that the June momentum was not sustained,” said Andrew Lis, GVR chief economist and vice-president data analytics. “Over the past few years, the sales activity story has often been one step forward, one step back, and the June and July data are a prime example of this pattern.”
“Sales weren’t the only metric taking a step back in July, however. New listings were also down 11 percent in July, largely due to a nearly 17 per cent drop in apartment listings,” said Lis. “We’ve been pointing to the slowdown in sellers coming to market for several months, and it’s beginning to translate into a gradual decline in the overall inventory level. This shift remains in early days, and with sales in a holding pattern, price pressures of significance in either direction aren’t showing up in the data quite yet, with prices down roughly one per cent in July.”
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,088,800. This represents a 6.2% decrease over July 2025 and a 0.9% decrease compared to June 2026.
this is very general. Sub markets, such as neighbourhood, property type, and price band, can have really different movement in them. If you’re thinking of making a move, please reach out so your decision-making as well informed.
