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Apartment sales lag, other housing segments steady<\/strong><\/p>\n <\/p>\n VANCOUVER, BC \u2013 June 2, 2026 \u2013 Led by slow sales in the apartment segment,<\/p>\n home sales registered on the MLS\u00ae in Metro Vancouver* were down nearly four per cent in<\/p>\n May compared to last year.<\/p>\n <\/p>\n The Greater Vancouver REALTORS\u00ae (GVR) reports that residential sales in the region totalled<\/p>\n 2,150 in May 2026, a 3.5 per cent decrease from the 2,228 sales recorded in May 2025. This<\/p>\n was 26.6 per cent below the 10-year seasonal average (2,930).<\/p>\n <\/p>\n \u201cWhile attached sales held relatively steady and detached sales edged up roughly one per<\/p>\n cent in May, apartment sales were down about seven per cent year-over-year, which<\/p>\n weighed down the overall sales total,\u201d said Andrew Lis, GVR chief economist and vice-<\/p>\n president data analytics. \u201cEven then, apartment sales were not down uniformly across all<\/p>\n regions \u2013 some of the larger areas such as North and East Vancouver saw increases relative<\/p>\n to last year.\u201d<\/p>\n <\/p>\n There were 6,115 detached, attached and apartment properties newly listed for sale on the<\/p>\n Multiple Listing Service\u00ae (MLS\u00ae) in Metro Vancouver in May 2026. This represents a 7.6 per<\/p>\n cent decrease compared to the 6,620 properties listed in May 2025. This was 1.3 per cent<\/p>\n above the 10-year seasonal average (6,036).<\/p>\n <\/p>\n The total number of properties currently listed for sale on the MLS\u00ae system in Metro<\/p>\n Vancouver is 16,917, a one per cent decrease compared to May 2025 (17,094). This is 34.6 per<\/p>\n cent above the 10-year seasonal average (12,567).<\/p>\n <\/p>\n Across all detached, attached and apartment property types, the sales-to-active listings ratio<\/p>\n for May 2026 is 13.1 per cent. By property type, the ratio is 10.7 per cent for detached homes,<\/p>\n 15.4 per cent for attached, and 14.2 per cent for apartments.<\/p>\n <\/p>\n Analysis of the historical data suggests downward pressure on home prices occurs when the<\/p>\n ratio dips below 12 per cent for a sustained period, while home prices often experience<\/p>\n upward pressure when it surpasses 20 per cent over several months.<\/p>\n <\/p>\n \u201cPrice trends across all housing types were flat month-over-month, as a healthy level of<\/p>\n inventory easily absorbed the relatively muted level of overall demand in the market,\u201d Lis said.<\/p>\n \u201cYear-to-date, sales have come in just shy of our forecast to this point in the year. With<\/p>\n demand tracking our forecast so closely, it\u2019s reasonable to expect a calm and orderly<\/p>\n summer market, as no obvious near-term catalysts loom over the horizon to move the market<\/p>\n significantly in either direction.\u201d<\/p>\n <\/p>\n The MLS\u00ae Home Price Index composite benchmark price for all residential properties in<\/p>\n Metro Vancouver is currently $1,100,700. This represents a 6.2 per cent decrease over May<\/p>\n 2025 and a 0.2 per cent increase compared to April 2026.<\/p>\n <\/p>\n Sales of detached homes in May 2026 reached 660, a 0.9 per cent increase from the 654<\/p>\n detached sales recorded in May 2025. The benchmark price for a detached home is<\/p>\n $1,847,900. This represents a 6.9 per cent decrease from May 2025 and a 0.4 per cent<\/p>\n increase compared to April 2026.<\/p>\n <\/p>\n Sales of apartment homes reached 1,009 in May 2026, a 7.2 per cent decrease compared to<\/p>\n the 1,087 sales in May 2025. The benchmark price of an apartment home is $697,800.<\/p>\n This represents a 7.9 per cent decrease from May 2025 and a 0.7 per cent decrease<\/p>\n compared to April 2026.<\/p>\n <\/p>\n Attached home sales in May 2026 totalled 463, a 1.3 per cent decrease compared to the 469<\/p>\n sales in May 2025. The benchmark price of a townhouse is $1,048,200. This represents a 5.1<\/p>\n per cent decrease from May 2025 and a 0.5 per cent increase compared to April 2026.<\/p>\n <\/p>\n Editor\u2019s Note:<\/p>\n *Areas covered by Greater Vancouver REALTORS\u00ae include: Bowen Island, Burnaby, Coquitlam, Maple Ridge, New<\/p>\n Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish,<\/p>\n Sunshine Coast, Vancouver, West Vancouver, and Whistler.<\/p>\n","protected":false},"excerpt":{"rendered":" \u201cWhile attached sales held relatively steady and detached sales edged up roughly one per<\/p>\n cent in May, apartment sales were down about seven per cent year-over-year, which<\/p>\n weighed down the overall sales total,\u201d<\/p>\n","protected":false},"author":2,"featured_media":4050,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-4049","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update"],"_links":{"self":[{"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/4049"}],"collection":[{"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/comments?post=4049"}],"version-history":[{"count":5,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/4049\/revisions"}],"predecessor-version":[{"id":4055,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/4049\/revisions\/4055"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/media\/4050"}],"wp:attachment":[{"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/media?parent=4049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/categories?post=4049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/tags?post=4049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}