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

Greater Vancouver REALTORS (HPI) — July 2026

In July 2026, the Greater Vancouver real estate market reports a composite benchmark price of $810,100, reflecting a 2.6% decrease year-over-year. Total sales increased to 62 from 59 in June, while active listings stand at 572, contributing to a months of inventory figure of 9.2.

Market Analysis

The Greater Vancouver real estate market continues to exhibit characteristics favorable to buyers, with a significant months of inventory at 9.2. This figure indicates that supply is outpacing demand, as evidenced by the 121 new listings introduced this month. The sales-to-new-listings ratio (SNLR) of 51.2% suggests that while there is some activity in the market, it remains subdued compared to more balanced conditions. The composite benchmark price has seen a modest decline of 2.6% year-over-year, further indicating a cooling trend in pricing dynamics.

Property Type Analysis

When examining the property types, the detached homes have a benchmark price of $867,100, while attached/townhouses are priced at $727,700, and apartments at $420,500. Although specific sales figures for each category are not available this month, the overall market conditions suggest that buyers may find more opportunities in the lower-priced segments, particularly in the apartment market, which could attract first-time buyers and investors alike.

Regional Highlights

Regionally, the market shows signs of stabilization with a slight increase in sales from June to July. The total sales of 62 represent a year-over-year increase from 49 in July 2025, highlighting a growing interest in the market despite the overall price decline. Active listings have decreased slightly from 582 last month, indicating that while inventory remains high, the pace of new listings may be slowing, which could influence future market dynamics.

For Buyers

For buyers, the current market presents a favorable opportunity to negotiate better terms and prices, especially given the high months of inventory. It is advisable for buyers to conduct thorough research and consider properties that may have been on the market longer, as sellers may be more willing to entertain offers below the asking price.

For Sellers

Sellers are encouraged to price their properties competitively in light of the current market conditions. With a significant number of active listings, it is crucial to present homes in the best possible condition and to be prepared for potential negotiations, as buyers have the upper hand in this market.