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

Greater Vancouver REALTORS (HPI) — July 2026

In July 2026, the composite benchmark price in Greater Vancouver stands at $1,697,200, reflecting a 6.8% decrease year-over-year. Total sales for the month reached 7, with 19 new listings entering the market.

Market Analysis

The Greater Vancouver real estate market continues to exhibit signs of a buyer's market, with a sales-to-new-listings ratio (SNLR) of 36.8%. This indicates that while new listings are being introduced, the demand remains subdued, contributing to the ongoing price decline. The composite benchmark price has decreased from $1,721,300 in June 2026, further emphasizing the downward trend in property values over the past year.

Property Type Analysis

In July, the benchmark price for detached homes is reported at $2,405,500, while attached/townhouse properties are valued at $1,007,200, and apartments at $420,000. Although specific sales data for each property type is not available, the significant price differences suggest varying levels of demand and market activity across these segments, with detached homes typically commanding the highest prices.

Regional Highlights

The overall market dynamics in Greater Vancouver reflect a broader trend of declining prices, with the composite benchmark price down from $1,820,500 in July 2025. This sustained decrease indicates a shift in buyer sentiment and market conditions, likely influenced by economic factors and changing buyer preferences in the region.

For Buyers

For prospective buyers, this period presents an opportunity to negotiate more favorable terms given the current buyer's market. With prices declining and a modest number of sales, buyers may find less competition and more room to maneuver on price and conditions.

For Sellers

Sellers are advised to remain realistic about pricing in the current market environment. With a notable decrease in benchmark prices and a limited number of sales, setting a competitive price will be crucial to attracting potential buyers and facilitating a successful sale.