July 2026 Media Stats Package

METRO VANCOUVER HOME SALES LOSE BRIEF MOMENTUM

VANCOUVER, BC – Home sales registered on the MLS® in Metro Vancouver* declined nearly 10% last month relative to July last year, erasing the 10% gain seen in June that kicked off the summer.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,061 in July 2026, a 9.8% decrease from the 2,286 sales recorded in July 2025. This was 18.6% below the 10-year seasonal average (2,532).

“Last month, we reported 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 10%, led by an 18% drop in apartment sales, confirming to market watchers that the June momentum was not sustained,” said Andrew Lis, GVR chief economist and vice-president data analytics. “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.”

There were 4,991 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in July 2026. This represents a 11.5% decrease compared to the 5,642 properties listed in July 2025. This figure matches the 10-year seasonal average (4,992).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 16,476, a 4% decrease compared to July 2025 (17,168). This is 26.8% above the 10-year seasonal average (12,992).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for July 2026 is 13%. By property type, the ratio is 10.5% for detached homes, 15.8% for attached, and 14% for apartments.

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12% for a sustained period, while home prices often experience upward pressure when it surpasses 20% over several months.

“Sales weren’t 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% drop in apartment listings,” said Lis. “We’ve been pointing to the slowdown in sellers coming to market for several months, and it’s 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’t showing up in the data quite yet, with prices down roughly 1% in July.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,088,800. This represents a 6.2% decrease over July 2025 and a 0.9% decrease compared to June 2026.

Sales of detached homes in July 2026 reached 639, a 3.2% 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% decrease from July 2025 and a 1.1% decrease compared to June 2026.
Sales of apartment homes reached 952 in July 2026, a 17.8% 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% decrease from July 2025 and a 1% decrease compared to June 2026.
Attached home sales in July 2026 totalled 454, a 1.1% decrease compared to the 459 sales in July 2025. The benchmark price of a townhouse is $1,030,400. This represents a 6% decrease from July 2025 and a 1.5% decrease compared to June 2026.

IMPROVING AFFORDABILITY CONTINUES TO OUTPACE BUYER DEMAND

SURREY, BC – Fraser Valley home prices continued to edge downward in July, with the composite Benchmark price down 0.8% from June and down 7% year-over-year. Despite improving affordability, buyers remained cautious, keeping sales well below typical seasonal levels.

The Fraser Valley Real Estate Board recorded 1,089 sales on its Multiple Listing Service® (MLS®) in July, a 5% decrease from June and 9% below the same month last year.

“Buyer urgency has been notably absent from the Fraser Valley market for some time now,” said Ishaq Ismail, Chair of the Fraser Valley Real Estate Board. “With inventory remaining high and competition subdued, buyers know they don’t have to rush. They can take their time evaluating their options, knowing they can return to a market that continues to offer plenty of choice.”

Seller activity slowed in July, with 2,836 new listings coming to market—a 14% decline from June and 18% below the same month last year. Overall inventory also edged down in July, with 10,044 active listings on the market, a 3% decline from June, but still 32% above the 10-year seasonal average.

The Fraser Valley remains in a buyer’s market with a sales-to-active listings ratio of 11% in July. A balanced market is typically defined by a ratio between 12 and 20%.

“Economic uncertainty continues to influence buying decisions, but the Fraser Valley has remained one of the Lower Mainland’s brightest spots for improving affordability,” said Anthony Boone, Interim CEO of the Fraser Valley Real Estate Board. “As home prices continue to ease, qualified buyers are finding opportunities that simply weren’t available a few years ago, particularly those looking to enter the market or downsize.”

Across the Fraser Valley in July, the average number of days to sell both a single-family detached home and a townhome was 40 days. Condos took, on average, 46 days to sell.

The composite Benchmark price for a typical Fraser Valley home in July was $877,600.

MLS® HPI Benchmark Price Activity

Single Family Detached: At $1,335,200 the Benchmark price for an FVREB single-family detached home decreased 1.1% compared to June 2026 and decreased 8.3% compared to July 2025.
Townhomes: At $757,300 the Benchmark price for an FVREB townhome decreased 0.9% compared to June 2026 and decreased 7.1% compared to July 2025.
Apartments: At $469,500 the Benchmark price for an FVREB apartment/condo decreased 1.4% compared to June 2026 and decreased 9.1% compared to July 2025.

Download the July 2026 Stats Package GVR

Download the July 2026 Stats Package FVREB