📈 Metro Vancouver Real Estate Market Update | June 2026
There are encouraging signs that buyer confidence is returning to the Metro Vancouver housing market.
🏡 Home sales increased 9.6% year-over-year in June, with detached homes, townhomes, and condos all posting gains—a positive shift that hasn’t been seen in quite some time.
Here’s what stood out:
✔️ Sales increased across all property types
✔️ New listings were down 6% compared to last June
✔️ Total inventory remains healthy, giving buyers plenty of choice
✔️ The overall benchmark home price is now $1,099,100—6% lower than June 2025 and virtually unchanged from May (-0.1%).
Benchmark prices by property type:
🏠 Detached: $1,842,900 (down 7.1% year-over-year)
🏘️ Townhomes: $1,046,200 (down 5.0% year-over-year)
🏢 Apartments: $695,200 (down 7.1% year-over-year)
💡 What does this mean?
For buyers, prices remain below last year’s levels, giving you an opportunity to enter the market with more selection and greater negotiating power.
For sellers, increased buyer activity is encouraging. Although prices have remained relatively stable over the past few months, fewer new listings and strengthening demand could create more favourable selling conditions if this trend continues.
While it’s still early, the market appears to be shifting. Inventory is no longer growing at the same pace, demand is strengthening across all home types, and if these trends continue, we could see increased upward pressure on home prices later this year.
📍Whether you’re buying, selling, or simply curious about your home’s current market value, we’re here to help you navigate today’s market with confidence.
Download GVR June 2026 MLS® Housing Market Report
