Greater Vancouver Home Sales Pick Up At The Start Of Summer
VANCOUVER, BC – July 3, 2026 – Demand for all home types in Metro Vancouver* increased to start the summer, with home sales up nearly ten per cent year-over-year in June.
The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totaled 2,390 in June 2026, a 9.6 per cent increase from the 2,181 sales recorded in June 2025. This was 12.4 per cent below the 10-year seasonal average (2,728).
“June saw a pattern of broad gains in home sales across all home types relative to the same time last year, which has been a rare occurrence in recent years,” said Andrew Lis, GVR chief economist and vice-president data analytics. “June’s data could be an early sign of a shift in the market. In recent years, sales trends have usually been mixed across home types, which is typical of a sideways trending market. But with all housing types posting gains in June, the data indicate demand may be returning to the market more broadly.”
There were 5,938 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2026. This represents a six per cent decrease compared to the 6,315 properties listed in June 2025. This was 5.9 per cent above the 10-year seasonal average (5,609).
Across all detached, attached and apartment property types, the sales-to-active listings ratio for June 2026 is 14.6 per cent. By property type, the ratio is 12 per cent for detached homes, 17.8 per cent for attached, and 15.5 per cent for apartments. Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.
“Despite signs that demand is slowly returning to the market, prices haven’t moved much in recent months as the inventory of homes for sale has been big enough to absorb the increased demand,” Lis said. “Prices typically trend upwards when demand rises and inventory declines. With recent data revealing a slower pace of new listings coming to market, standing inventory is no longer climbing, and may be showing early signs of reversing. It’s still too early to call, but if the current pattern of rising demand and slower new listings continues, we may see a sustained downtrend in inventory over the coming months.”
Another year, another relatively non-existent Spring Market. Again, this is not the usual trend in a free economic climate.
However, in the last month we have seen an increase of activity. Personally, those that are priced right, and marketed effectively, are the ones moving. And in turn, those Sellers move somewhere else. We have been seeing a the majority of our transactions being “movers” instead of investors.
Although the Global economy is still very unsteady due to our neighbors in the South, we are starting to see a small crack in that pent-up demand. Buyers seem to have gotten tired of waiting, since the lack of inventory and motivated Sellers are holding the prices quite steady in the last few months. Luxury properties are still moving at a snail’s pace. There are exceptions, but rare.
If you’re a Buyer in today’s market, the actual product you’re interested in dictates how aggressive you need to be, or how passive you can be. And they can vary greatly. A very well built / renovated home with functional layouts and expansive space may command a large amount of interest, whereas a less functional home needing work may hear nothing but crickets. You have to be fully aware of the product you’re looking for.
To sell a property, yes, patience is key. However, if you don’t get much action at all, no offers at all, rarely any showings, and if it is marketed effectively, then pricing is the issue. Reality is that although inventory is still lower than the norm, sales are even lower. This means that inventory and homes for sale overlap and competition is drastically increased. Yes, proper calculations are extremely important, but don’t forget to let the market give you feedback after a while.
As we mentioned, It is less risky to sell first and buy after because selling is the tough part. But now, with the reduction of inventory on the market, the risk is that if you sell first you may not find an ideal home to move into. So people are leaning towards buying first. To mitigate the risk associated with that, you have to make sure you buy at a beneficial price point, because you will need to be aggressive when you sell. The “delta” is the only thing you can truly manage, so make sure that is always in your sights.
These are the majority of transactions in the current market. If you fall within this category and needs expert advice, please feel free to give us a call and we’d be happy to provide some options that you may not have even thought about.
If you’re thinking about making a move in the new year, or just have questions about what these trends mean for you, please reach out — we’re always happy to help.
Please click the links below for your complimentary updated Vancouver Real Estate statistics package. For a more detailed pricing/activities package for your relevant area, please feel free to contact us, and we would be happy to send one to you.
Detailed Real Estate Board Statistics Package