08/19/2026
Two numbers came out of the July report and only one of them is making the rounds.
The detached benchmark for Greater Vancouver is $1,822,900, down 7.0 percent year over year. The all residential benchmark, which blends houses, townhomes and apartments together, is $1,088,800, down 6.2 percent.
Both of those get reported as "Vancouver." That is how a homeowner in Burnaby ends up worried about a market they are not actually in.
Here is my honest take. Averages are useful for economists and close to useless for anyone making a decision about one specific house. The benchmark is a typical home, not your home, and your street has its own answer.
If you have been trying to work out what your place is actually worth right now, message me and I will send you the comparables for your block. No obligation on your end.
Source: GVR MLS Home Price Index, July 2026, released August 4 2026.