Greater Vancouver home sales pick up at the start of summer

Demand for all home types in Metro Vancouver* increased
to start the summer, with home sales up nearly ten per cent year-over-year in June.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled
2,390 in June 2026, a 9.6 per cent increase from the 2,181 sales recorded in June 2025. This was
12.4 per cent below the 10-year seasonal average (2,728).

“June saw a pattern of broad gains in home sales across all home types relative to the same
time last year, which has been a rare occurrence in recent years,” said Andrew Lis, GVR chief
economist and vice-president data analytics. “June’s data could be an early sign of a shift in
the market. In recent years, sales trends have usually been mixed across home types, which is
typical of a sideways trending market. But with all housing types posting gains in June, the
data indicate demand may be returning to the market more broadly.”

There were 5,938 detached, attached and apartment properties newly listed for sale on the
Multiple Listing Service® (MLS®) in Metro Vancouver in June 2026. This represents a six per
cent decrease compared to the 6,315 properties listed in June 2025. This was 5.9 per cent
above the 10-year seasonal average (5,609).

The total number of properties currently listed for sale on the MLS® system in Metro
Vancouver is 17,017, a 3.1 per cent decrease compared to June 2025 (17,561). This is 30.2 per
cent above the 10-year seasonal average (13,070).

Across all detached, attached and apartment property types, the sales-to-active listings ratio
for June 2026 is 14.6 per cent. By property type, the ratio is 12 per cent for detached homes,
17.8 per cent for attached, and 15.5 per cent for apartments.
Analysis of the historical data suggests downward pressure on home prices occurs when the
ratio dips below 12 per cent for a sustained period, while home prices often experience
upward pressure when it surpasses 20 per cent over several months.

“Despite signs that demand is slowly returning to the market, prices haven’t moved much in
recent months as the inventory of homes for sale has been big enough to absorb the
increased demand,” Lis said. “Prices typically trend upwards when demand rises and
inventory declines. With recent data revealing a slower pace of new listings coming to
market, standing inventory is no longer climbing, and may be showing early signs of
reversing. It’s still too early to call, but if the current pattern of rising demand and slower new
listings continues, we may see a sustained downtrend in inventory over the coming months.”

The MLS® Home Price Index composite benchmark price for all residential properties in
Metro Vancouver is currently $1,099,100. This represents a 6 per cent decrease over June 2025
and a 0.1 per cent decrease compared to May 2026.

Sales of detached homes in June 2026 reached 747, a 13.7 per cent increase from the 657
detached sales recorded in June 2025. The benchmark price for a detached home is
$1,842,900. This represents a 7.1 per cent decrease from June 2025 and a 0.3 per cent
decrease compared to May 2026.

Sales of apartment homes reached 1,103 in June 2026, a 6.1 per cent increase compared to
the 1,040 sales in June 2025. The benchmark price of an apartment home is $695,200. This
represents a 7.1 per cent decrease from June 2025 and a 0.4 per cent decrease compared to
May 2026.

Attached home sales in June 2026 totalled 527, a 11.4 per cent increase compared to the 473
sales in June 2025. The benchmark price of a townhouse is $1,046,200. This represents a 5 per
cent decrease from June 2025 and a 0.2 per cent decrease compared to May 2026.