Metro Vancouver Market Update – June 2026
Home Sales Show Early Signs of a Summer Rebound
Metro Vancouver home sales increased across all property types in June, marking the first broad-based year-over-year improvement in some time. While inventory remains elevated, stronger buyer demand may signal the early stages of a market shift.
MARKET TOTALS:
Sales – 2,390
▲9.6% YoY
▼12.4% vs 10-year average
New Listings – 5,938
▼6.0% YoY
▲5.9% vs 10-year average
Total Active Listings – 17,017
▼3.1% YoY
▲30.2% vs 10-year average
Benchmark Prices:
Detached: $1,842,900 (▼7.1% YoY | ▼0.3% MoM)
Apartments: $695,200 (▼7.1% YoY | ▼0.4% MoM)
Townhomes: $1,046,200 (▼5.0% YoY | ▼0.2% MoM)
Market Ratios:
Detached: 11.8% (Balanced)
Apartments: 15.9% (Balanced)
Townhomes: 18.0% (Balanced)
Overall: 14.6%
💬 June brought encouraging signs that buyer confidence may be returning. Sales increased across detached homes, apartments, and townhomes compared to a year ago, while the pace of new listings slowed. Although inventory remains well above historical averages, it is no longer growing, which may indicate the beginning of a healthier supply-demand balance. If demand continues to strengthen while new listings remain moderate, the market could gradually shift toward firmer pricing in the months ahead.
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📧 Bradley@BradleyWattum.com
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