Metro Vancouver July Market Highlights
July in Metro Vancouver represents the midpoint of summer, when the pace of daily life naturally shifts to holidays, vacations, and more time spent enjoying the outdoors. While June suggested the market was gaining momentum, July highlighted that buyer demand has continued to fluctuate rather than follow a consistent upward trend. Buyers and sellers continue to navigate a market offering opportunity, but activity remains uneven across property types.
Home sales registered on the MLS® in Metro Vancouver fell nearly ten per cent relative to July last year, erasing the ten per cent gain seen in June.
“Last month, we reported broad 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 ten per cent, led by an 18 per cent drop in apartment sales, confirming to market watchers that the June momentum was not sustained. 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,” said Andrew Lis, GVR chief economist and vice-president data analytics.
Residential Sales
The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,061 in July 2026, a 9.8 per cent decrease from the 2,286 sales recorded in July 2025. This was 18.6 per cent below the 10-year seasonal average (2,532).
Inventory + Home Price Data Analysis
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 an11.5 per cent decrease compared to the 5,642 properties listed in July 2025. This figure matches the 10- year seasonal average (4,992).
Metro Vancouver Home Sales by Property Type
Across all property types, the sales-to-active listings ratio for July 2026 is 13 per cent. By property type, the ratio is 10.5 per cent for detached homes, 15.8 per cent for attached, and 14 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.
Detached Homes
Sales of detached homes in July 2026 reached 639, a 3.2 per cent 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 per cent decrease from July 2025 and a 1.1 per cent decrease compared to June 2026.
Apartments
Sales of apartment homes reached 952 in July 2026, a 17.8 per cent 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 per cent decrease from July 2025 and a one per cent decrease compared to June 2026.
Attached Homes
Attached home sales in July 2026 totalled 454, a 1.1 per cent decrease compared to the 459 sales in July 2025. The benchmark price of a townhouse is $1,030,400. This represents a 6 per cent decrease from July 2025 and a 1.5 per cent decrease compared to June 2026.
The Stilhavn Report
Whether you are looking to buy or sell a home or investment property in the coming months, or just curious about what’s happening in your neighbourhood, The Stilhavn Report has you covered. Providing in-depth market information and monthly summaries of what’s happening in Metro Vancouver and the Okanagan, these monthly reports are the perfect starting point for first time buyers and market savvy investors alike.
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