09/04/2026
Metro Vancouver’s housing market ended the summer on a softer note, with sales continuing to trend below last year’s levels.
August recorded 1,869 home sales, down 4.6% year-over-year and 20.7% below the 10-year seasonal average. At the same time, inventory remains elevated and benchmark prices continue to gradually soften.
📌 August highlights:
• 1,869 total sales ↓4.6% YoY
• $1,081,900 composite benchmark price ↓5.6% YoY
• 15,798 active listings ↓2.7% YoY
• Detached benchmark: $1,799,400
• Townhouse benchmark: $1,028,800
• Apartment benchmark: $686,200
The overall sales-to-active listings ratio has fallen to 12.3%, putting the market right near the lower end of balanced territory. Detached homes sit at 9.6%, giving buyers more leverage in that segment, while townhomes and apartments remain balanced.
For buyers, ample selection and softer prices are creating opportunities. For sellers, realistic pricing, strong presentation, and the right marketing strategy remain critical.
The takeaway? Metro Vancouver remains a strategy market. Buyers have more choice and negotiating room, while sellers need to stand out to compete for a smaller pool of active buyers.
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