📈 Metro Vancouver Real Estate Market Update | June 2026
There are encouraging signs that buyer confidence is returning to the Metro Vancouver housing market.
🏡 Home sales increased 9.6% year-over-year in June, with detached homes, townhomes, and condos all posting gains—a positive shift that hasn’t been seen in quite some time.
Here’s what stood out:
✔️ Sales increased across all property types
✔️ New listings were down 6% compared to last June
✔️ Total inventory remains healthy, giving buyers plenty of choice
✔️ The overall benchmark home price is now $1,099,100—6% lower than June 2025 and virtually unchanged from May (-0.1%).
Benchmark prices by property type:
🏠 Detached: $1,842,900 (down 7.1% year-over-year)
🏘️ Townhomes: $1,046,200 (down 5.0% year-over-year)
🏢 Apartments: $695,200 (down 7.1% year-over-year)
💡 What does this mean?
For buyers, prices remain below last year’s levels, giving you an opportunity to enter the market with more selection and greater negotiating power.
For sellers, increased buyer activity is encouraging. Although prices have remained relatively stable over the past few months, fewer new listings and strengthening demand could create more favourable selling conditions if this trend continues.
While it’s still early, the market appears to be shifting. Inventory is no longer growing at the same pace, demand is strengthening across all home types, and if these trends continue, we could see increased upward pressure on home prices later this year.
📍Whether you’re buying, selling, or simply curious about your home’s current market value, we’re here to help you navigate today’s market with confidence.
Download GVR June 2026 MLS® Housing Market Report
As for the rest of the province …
Market Activity Shows Encouraging Signs of Improvement
Vancouver, BC – July 13, 2026. The British Columbia Real Estate Association (BCREA) reports that 7,225 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in June 2026, up 0.9 per cent from June 2025. The average MLS® residential price in BC in June 2026 was down 0.8 per cent at $946,878 compared to $954,712 in June 2025.
Total MLS® residential sales dollar volume was $6.84 billion, up 0.1 per cent from the same time the previous year. BC MLS® unit sales were 18.4 per cent lower than the ten-year average for the month of June.
“Sales rose year-over-year in June for the first time since September 2025, driven by stronger activity in the Greater Vancouver area,” said BCREA Chief Economist Brendon Ogmundson. “We hope this marks the beginning of a stronger second half of the year across BC housing markets as sales converge to more normal levels following several years of unexpected global shocks.”
Year-to-date, BC residential sales dollar volume is down 6.4 per cent to $31.96 billion, compared with the same period in 2025. Residential unit sales are down 5.4 per cent year-over-year at 33,886 units, while the average MLS® residential price is also down 1.1 per cent to $943,249.
For the complete statistics release, including detailed tables, click here.
