08/13/2026
Happy August! Summer is flying by, and I hope you’re making the most of these beautiful long days and warm summer nights! ☀️🌴😎
Here’s the July Stats from the Greater Vancouver REALTORS® Board for a quick snapshot of the market.
Sales were down 9.8%, new listings decreased by 11.5% and the benchmark price for all residential properties in Metro Vancouver decreased by 6.2% compared to July 2025. Total inventory also decreased from 17,017 in June 2026 to 16,476 in July 2026.
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. 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.
-Andrew Lis, GVR chief economist and vice-president data analytics.
Remember, real estate doesn’t have to be frustrating, intense, or confusing. I specialize in simple, peaceful and professional transactions resulting in maximum profitability for YOU!
As always, I am only a phone call or text away whenever that time comes for you or those you care about 😊
