Greater Vancouver REALTORS Market Report - May 2026: Composite Benchmark Price Hits $1,100,700

Greater Vancouver REALTORS — May 2026

In May 2026, the Greater Vancouver real estate market sees a composite benchmark price of $1,100,700, reflecting a 6.2% decrease year-over-year. Total sales reach 2,150, while active listings rise to 16,917, indicating a shift towards a buyer's market.

Market Analysis

The Greater Vancouver real estate market continues to exhibit signs of a buyer's market, characterized by an increase in active listings and a months of inventory (MOI) of 7.9. This represents a slight increase from April's MOI of 7.7, suggesting that supply is outpacing demand. The sales-to-new-listings ratio (SNLR) stands at 35.2%, indicating that while sales have slightly declined by 3.5% year-over-year, the influx of new listings has contributed to a more balanced market environment.

Property Type Analysis

In terms of property types, the detached market shows a benchmark price of $1,856,800, while attached/townhouses and apartments are priced at $1,048,200 and $697,800, respectively. The significant price differences highlight the varying demand across property types, with buyers gravitating towards more affordable options amid rising inventory levels.

Regional Highlights

Regionally, the market dynamics reflect a growing inventory across Greater Vancouver, with new listings totaling 6,115 in May. This influx of listings has provided buyers with more choices, particularly in the apartment segment, which remains the most affordable option. As the market adjusts, certain neighborhoods may experience varying levels of demand and pricing stability.

For Buyers

For prospective buyers, this is an opportune time to enter the market, as increased inventory levels provide more options and potentially better negotiating power. Buyers are encouraged to conduct thorough research and consider their long-term goals, as prices have shown a downward trend.

For Sellers

Sellers should be aware of the current market conditions and the increased competition from new listings. Pricing properties competitively and ensuring they are in optimal condition will be crucial in attracting buyers in this buyer's market.