Greater Vancouver REALTORS HPI Market Report: July 2026 Shows Continued Buyer Advantage

Greater Vancouver REALTORS (HPI) — July 2026

In July 2026, the Greater Vancouver real estate market continues to favor buyers, with a composite benchmark price of $868,500, down 6.3% year-over-year. Total sales reached 56, while new listings increased to 169, resulting in 401 active listings and a months of inventory (MOI) of 7.2.

Market Analysis

The Greater Vancouver real estate market is currently characterized by a buyer's advantage, evidenced by the rising months of inventory, which stands at 7.2. This figure indicates that supply is outpacing demand, as the total sales of 56 reflect a decline compared to the previous month’s 62 sales. The composite benchmark price has also seen a decrease from $887,900 in June to $868,500 in July, further illustrating the cooling market conditions. Year-over-year, the benchmark price has dropped by 6.3%, signaling a shift in buyer sentiment and market dynamics.

Property Type Analysis

When examining property types, the detached homes have a benchmark price of $1,308,500, while attached/townhouses are priced at $852,300, and apartments at $570,700. Although specific sales data for each category is not available, the overall trend suggests that buyers may be gravitating towards more affordable options, such as apartments and attached homes, as they navigate the current market landscape.

Regional Highlights

Regionally, the increase in new listings to 169 indicates that sellers are responding to the current market conditions by bringing more properties to market. However, with active listings remaining relatively stable at 401, the overall supply is still not meeting the demand, contributing to the extended MOI. This trend may lead to further price adjustments as buyers continue to weigh their options in a market that is increasingly favoring their negotiating power.

For Buyers

For prospective buyers, this is an opportune time to enter the market, as the current conditions provide more negotiating power and a wider selection of properties. Buyers should consider leveraging the increased inventory to find homes that meet their needs, while also being mindful of the potential for further price adjustments.

For Sellers

Sellers should be aware of the current market dynamics and the increased competition from new listings. To attract buyers, it is crucial to price properties competitively and ensure they are in excellent condition. Additionally, sellers may benefit from being flexible with their terms to facilitate a quicker sale in a market that is currently leaning towards buyers.