🏡 Metro Vancouver Market Update – May 2026
Apartment Sales Weigh on Overall Market Activity
Home sales in Metro Vancouver declined modestly in May, driven primarily by slower activity in the apartment segment. Detached home sales posted a slight year-over-year gain, while attached homes remained relatively stable.
MARKET TOTALS:
Sales – 2,150
â–Ľ3.5% YoY
â–Ľ26.6% vs 10-year average
New Listings – 6,115
â–Ľ7.6% YoY
â–˛1.3% vs 10-year average
Total Active Listings – 16,917
â–Ľ1.0% YoY
â–˛34.6% vs 10-year average
Benchmark Prices:
Detached: $1,847,900 (â–Ľ6.9% YoY | â–˛0.4% MoM)
Apartments: $697,800 (â–Ľ7.9% | â–Ľ0.7%)
Townhomes: $1,048,200 (â–Ľ5.1% | â–˛0.5%)
Market Ratios:
Detached: 10.5% (Buyer’s / Balanced)
Apartments: 14.4% (Balanced)
Townhomes: 16.2% (Balanced)
Overall: 13.1%
đź’¬ The Metro Vancouver market remains relatively balanced heading into summer. Inventory levels continue to provide buyers with plenty of choice, while sales activity remains below historical norms. Detached homes are showing the strongest relative performance, while apartment sales continue to lag. With supply and demand largely in balance, prices across all housing types remained relatively flat month-over-month.
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📧 [Bradley@BradleyWattum.com](mailto:Bradley@BradleyWattum.com)
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