Greater Vancouver REALTORS Market Report: July 2026 Shows Continued Price Decline

Greater Vancouver REALTORS (HPI) — July 2026

In July 2026, the Greater Vancouver real estate market sees a composite benchmark price of $683,700, reflecting a year-over-year decrease of 10.8%. Total sales for the month stand at 44, with new listings reaching 125.

Market Analysis

The Greater Vancouver real estate market continues to exhibit signs of a buyer's market, as evidenced by a sales-to-new-listings ratio (SNLR) of 35.2%. This indicates that while new listings are entering the market, demand remains subdued, contributing to the ongoing decline in prices. The composite benchmark price has decreased from $697,600 in June 2026, further emphasizing the downward trend that has persisted over the past year, with prices dropping from $766,700 in July 2025.

Property Type Analysis

In terms of property types, the attached/townhouse segment shows a benchmark price of $984,300, while apartments are priced at $674,900. The lack of sales data for these categories suggests a cautious approach from buyers, likely influenced by the overall market conditions. The disparity in benchmark prices indicates that while townhouses may be experiencing different dynamics, the apartment market remains more accessible for buyers seeking affordability.

Regional Highlights

Regional trends indicate that the Greater Vancouver area is facing challenges related to affordability and inventory levels. As new listings increase, the overall inventory remains tight, which may lead to further price adjustments in the coming months. Buyers are currently in a position to negotiate, given the current market dynamics and the higher number of new listings compared to sales.

For Buyers

For prospective buyers, this is an opportune time to enter the market, as prices are declining and there is more room for negotiation. Buyers should consider exploring various property types and remain vigilant about new listings to take advantage of favorable conditions.

For Sellers

Sellers should be prepared for continued price adjustments and a competitive market landscape. It is advisable to price properties competitively and consider staging and marketing strategies to attract potential buyers in this buyer-driven market.