Greater Vancouver REALTORS Monthly Market Report - July 2026

Greater Vancouver REALTORS — July 2026

In July 2026, Greater Vancouver's residential sales totaled 2,061, marking a 9.8% decrease from the previous year. The composite benchmark price for all properties is $1,088,800, reflecting a 6.2% decline year-over-year.

Market Analysis

The Greater Vancouver real estate market continues to exhibit a buyer's condition, with a sales-to-active listings ratio of 13%. This indicates a significant shift in market dynamics, as the total sales in July 2026 were 18.6% below the 10-year seasonal average of 2,532. The months of inventory stands at 8.0, suggesting that supply is outpacing demand, which is further evidenced by the 11.5% decrease in new listings compared to July 2025.

Property Type Analysis

When examining the property types, detached homes have a benchmark price of $1,822,900 with 639 sales, while attached/townhouses and apartments have benchmark prices of $1,030,400 and $688,000, with sales of 454 and 952, respectively. Notably, apartment sales experienced an 18% drop compared to the previous year, highlighting a potential shift in buyer preferences or affordability challenges in this segment.

Regional Highlights

The total active listings in Metro Vancouver reached 16,476, a 4% decrease from July 2025, yet still 26.8% above the 10-year seasonal average of 12,992. The decline in new listings, particularly a nearly 17% drop in apartment listings, indicates a tightening supply that could influence future market conditions as demand stabilizes.

For Buyers

Prospective buyers should remain vigilant in the current market, as the increased months of inventory suggest more negotiating power. It may be beneficial to explore various property types, as the market dynamics differ significantly between detached homes, townhouses, and apartments.

For Sellers

Sellers are advised to carefully consider their pricing strategies in light of the current market conditions. With a decrease in sales and a higher months of inventory, setting a competitive price will be crucial to attract buyers and facilitate a successful sale.