Home sales registered on the MLS\u00ae in Metro Vancouver* fell nearly ten per cent relative to July last year, erasing the ten percent gain seen in June that kicked off the summer.<\/p>\n
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The Greater Vancouver REALTORS\u00ae (GVR) reports that residential sales in the region totalled 2,061 in July 2026, a 9.8 percent decrease from the 2,286 sales recorded in July 2025. This was 18.6 percent below the 10-year seasonal average (2,532).<\/p>\n
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Last month, we reported broad gains in home sales across all home types, raising the question of whether demand would continue to build into the summer. Instead, July sales were down nearly ten per cent, led by an 18 percent drop in apartment sales, confirming to market watchers that the June momentum was not sustained. Over the past few years, the sales activity story has often been one step forward, one step back, and the June and July data are a prime example of this pattern.<\/p>\n
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There were 4,991 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service\u00ae (MLS\u00ae) in Metro Vancouver in July 2026. This represents a 11.5 percent decrease compared to the 5,642 properties listed in July 2025. This figure matches the 10-year seasonal average (4,992).<\/p>\n
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The total number of properties currently listed for sale on the MLS\u00ae system in Metro Vancouver is 16,476, a 4 percent decrease compared to July 2025 (17,168). This is 26.8 percent above the 10-year seasonal average (12,992).<\/p>\n
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Across all detached, attached and apartment property types, the sales-to-active listings ratio for July 2026 is 13 percent. By property type, the ratio is 10.5 percent for detached homes, 15.8 percent for attached, and 14 percent for apartments.<\/p>\n
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Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 percent for a sustained period, while home prices often experience upward pressure when it surpasses 20 percent over several months.<\/p>\n
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Sales weren\u2019t the only metric taking a step back in July, however. New listings were also down 11 percent in July, largely due to a nearly 17 percent drop in apartment listings. We\u2019ve been pointing to the slowdown in sellers coming to market for several months, and it\u2019s beginning to translate into a gradual decline in the overall inventory level. This shift remains in early days, and with sales in a holding pattern, price pressures of significance in either direction aren\u2019t showing up in the data quite yet, with prices down roughly one per cent in July.<\/p>\n
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The MLS\u00ae Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,088,800. This represents a 6.2 percent decrease over July 2025 and a 0.9 percent decrease compared to June 2026.<\/p>\n
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Sales of detached homes in July 2026 reached 639, a 3.2 percent decrease from the 660 detached sales recorded in July 2025. The benchmark price for a detached home is $1,822,900. This represents a 7 percent decrease from July 2025 and a 1.1 percent decrease compared to June 2026.<\/p>\n
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Sales of apartment homes reached 952 in July 2026, a 17.8 percent decrease compared to the 1,158 sales in July 2025. The benchmark price of an apartment home is $688,000. This represents a 7.5 percent decrease from July 2025 and a one per cent decrease compared to June 2026.<\/p>\n
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Attached home sales in July 2026 totalled 454, a 1.1 percent decrease compared to the 459 sales in July 2025. The benchmark price of a townhouse is $1,030,400. This represents a 6 percent decrease from July 2025 and a 1.5 percent decrease compared to June 2026.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Home sales registered on the MLS\u00ae in Metro Vancouver* fell nearly ten per cent relative to July last year, erasing the ten percent gain seen in …<\/p>\n","protected":false},"author":2,"featured_media":1950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[73,85,84,83,82,81,80,79,78,77,76,75,74,32,72,71,70,69,68,67,66,65,64,63,35],"class_list":["post-1949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","tag-top-port-coquitlam-realtor","tag-top-realtors-port-coquitlam","tag-central-port-coquitlam-homes-for-sale","tag-mary-hill-homes-for-sale","tag-citadel-heights-homes-for-sale","tag-port-coquitlam-homes-for-sale","tag-central-port-coquitlam-real-estate-agent","tag-mary-hill-real-estate-agent","tag-citadel-heights-real-estate-agent","tag-port-coquitlam-real-estate-agent","tag-top-central-port-coquitlam-realtor","tag-top-mary-hill-realtor","tag-top-citadel-heights-realtor","tag-port-coquitlam-realtor","tag-realtor-central-port-coquitlam","tag-realtor-mary-hill","tag-realtor-citadel-heights","tag-realtor-port-coquitlam","tag-central-port-coquitlam-realtors","tag-mary-hill-realtors","tag-citadel-heights-realtors","tag-port-coquitlam-realtors","tag-central-port-coquitlam-realtor","tag-mary-hill-realtor","tag-citadel-heights-realtor"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t