Greater Vancouver
June 2026
Sales rose across every property type at once, new listings slowed, and prices held close to steady.
Subscribe for monthly reports-12.4% vs 10-year June average
+30.2% vs 10-year June average
-0.1% vs May 2026
Buyers start stepping off the sidelines
June got the summer off to a busier start. Sales were up almost 10% on last year, and – unusually – detached homes, townhouses and condos all saw gains at the same time. Activity is still about 12% below what's typical for June, but it's a noticeable step up.
Prices barely moved from May, with the overall benchmark down 6.0% from last year. There's still plenty of inventory to absorb the extra demand, but fewer new listings are coming to market, and GVR says the number of homes for sale may be starting to level off.
“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.” Andrew Lis, Chief Economist & VP Data Analytics, Greater Vancouver Realtors
- What's changing: sales rose year over year for detached, attached and apartment homes all at once – GVR says demand may be returning to the market more broadly.
- Rates: the Bank of Canada held its policy rate at 2.25% on June 10.
- The outlook: new listings are slowing, and if demand keeps rising GVR says inventory could start trending down over the coming months.
Sales-to-active listings ratio
This ratio compares how many homes sold in the month to how many were for sale. Historically, when it stays below 12%, prices tend to soften; above 20% for several months, prices tend to rise.
What each segment is doing
Detached
- vs last year
- -7.1%
- vs last month
- -0.3%
- June sales
- 747 (+13.7%)
- Sales-to-active
- 12.0%
Sales jumped the most of any segment, nudging detached homes up to the edge of balanced territory. Buyers still have room to negotiate, especially on homes that have sat for a while.
Townhouses & duplexes
- vs last year
- -5.0%
- vs last month
- -0.2%
- June sales
- 527 (+11.4%)
- Sales-to-active
- 17.8%
Still the firmest segment, with the smallest price drop and the highest sales ratio. Well-priced family-sized homes can draw more than one offer.
Condos
- vs last year
- -7.1%
- vs last month
- -0.4%
- June sales
- 1,103 (+6.1%)
- Sales-to-active
- 15.5%
More buyers are back, but prices are still down on the year – a good window for first-time buyers to compare options before competition picks up.
GVR reports duplexes, townhouses and row homes together as “attached” homes, and apartments/condos together.
Demand across Greater Vancouver
How many homes sold in June for every 100 new listings that came on. It's the best area-level read on demand GVR publishes each month. As a guide: under 40% leans toward buyers, 40–60% is balanced, and over 60% leans toward sellers.
| Area | Detached | Townhouse & duplex | Condo | All types |
|---|---|---|---|---|
| Vancouver West | 33%78 of 239 | 36%72 of 198 | 42%269 of 640 | 39% |
| Vancouver East | 39%95 of 242 | 37%85 of 228 | 35%107 of 303 | 37% |
| North Vancouver | 48%86 of 179 | 40%35 of 87 | 47%92 of 195 | 46% |
| West Vancouver | 29%40 of 137 | 21%3 of 14 * | 33%18 of 54 | 30% |
| Burnaby | 43%57 of 134 | 40%59 of 147 | 42%181 of 433 | 42% |
| Richmond | 35%70 of 200 | 33%59 of 179 | 43%134 of 312 | 38% |
| Coquitlam | 54%81 of 150 | 60%61 of 102 | 41%112 of 273 | 48% |
| New Westminster | 35%22 of 62 | 28%9 of 32 | 34%55 of 161 | 34% |
| Port Moody | 21%9 of 42 | 42%11 of 26 | 36%25 of 69 | 33% |
| Port Coquitlam | 16%10 of 64 | 62%23 of 37 | 46%29 of 63 | 38% |
| Maple Ridge / Pitt Meadows | 31%64 of 209 | 61%50 of 82 | 51%33 of 65 | 41% |
| South Delta | 45%37 of 83 | 43%18 of 42 | 65%20 of 31 | 48% |
| Squamish | 62%23 of 37 | 66%23 of 35 | 26%9 of 34 | 52% |
Region-wide, 2,390 sales against 5,938 new listings works out to 40%. Squamish detached homes and townhouses, townhouses in Port Coquitlam, Maple Ridge/Pitt Meadows and Coquitlam, and South Delta condos were the most competitive pockets, while detached homes in Port Coquitlam, Port Moody and West Vancouver leaned firmly toward buyers.
Choice is still on your side
- Inventory is still about 30% above the 10-year norm, so you have real choice – but more buyers are shopping than a year ago.
- Prices are close to flat month to month, so there's less reason to wait for further drops on the right home.
- Get pre-approved now – with rates on hold, you'll be ready to move if competition picks up this summer.
Buyers are back – price to meet them
- Buyers are returning, but they're still comparing plenty of homes – pricing right from day one matters.
- Presentation counts: staging, photography and pre-inspections help your home stand out.
- Townhouses and duplexes are in the strongest position; detached sellers should still expect some negotiation.
Benchmark prices by area
The benchmark price describes a typical home in each area, with the change from June 2025 underneath. Prices are down on the year almost everywhere – Squamish detached homes are the only exception, while West Vancouver and Squamish condos saw the biggest drops.
| Area | Detached | Townhouse & duplex | Condo |
|---|---|---|---|
| Vancouver West | $3,042,100-9.2% | $1,351,600-5.4% | $779,200-5.6% |
| Vancouver East | $1,659,400-9.6% | $1,054,900-3.5% | $637,300-7.2% |
| North Vancouver | $2,102,200-4.6% | $1,259,600-6.9% | $787,000-4.1% |
| West Vancouver | $2,926,900-7.7% | n/a | $1,146,900-12.0% |
| Burnaby North | $1,868,900-10.9% | $904,000-3.9% | $678,700-6.5% |
| Burnaby South | $1,965,400-8.4% | $955,500-8.0% | $739,100-7.9% |
| Richmond | $1,933,000-9.0% | $1,025,100-7.2% | $649,000-8.1% |
| Coquitlam | $1,649,000-4.8% | $1,016,200-6.4% | $653,900-7.6% |
| New Westminster | $1,420,200-7.0% | $874,900-2.8% | $586,700-8.6% |
| Port Moody | $1,947,300-7.3% | $993,800-2.0% | $698,300-5.6% |
| Port Coquitlam | $1,322,600-4.2% | $877,300-7.3% | $582,600-8.1% |
| Maple Ridge | $1,190,400-7.2% | $728,600-6.4% | $499,100-8.5% |
| Tsawwassen | $1,537,400-3.1% | $935,200-1.1% | $621,800-7.2% |
| Squamish | $1,705,300+1.6% | $1,005,600-2.7% | $545,200-12.0% |
Assessed values vs. today's market
BC Assessment's 2026 values reflect the market as of July 1, 2025, and most Lower Mainland homeowners saw changes between -10% and 0%. Since then, GVR's overall benchmark price has kept sliding (-6.0% year over year to June 2026), so in many areas today's market value may sit below your 2026 assessment. If you're selling, price off current sales, not your assessment notice.
“The softening housing market is being reflected in 2026 property assessments.” Bryan Murao, Assessor, BC Assessment
| Municipality | Single-family (typical) | Strata (typical) |
|---|---|---|
| City of Vancouver | $2,092,000-5% | $772,000-3% |
| West Vancouver | $2,910,000-5% | $1,354,000-2% |
| North Vancouver (District) | $2,056,000-3% | $928,000-2% |
| North Vancouver (City) | $1,937,000-3% | $820,000-2% |
| Burnaby | $1,959,000-4% | $706,000-4% |
| Richmond | $1,745,000-8% | $735,000-6% |
| Coquitlam | $1,649,000-5% | $699,000-4% |
| Port Moody | $1,778,000-4% | $797,000-5% |
| Port Coquitlam | $1,358,000-4% | $648,000-5% |
| New Westminster | $1,560,000-2% | $617,000-4% |
| Delta | $1,353,000-4% | $722,000-5% |
| Maple Ridge | $1,183,000-3% | $635,000-2% |
| Squamish | $1,515,000+2% | $848,000+2% |
Typical assessed values for the 2026 roll, with change from the 2025 roll. Strata includes condos and townhouses. Source: BC Assessment, January 2, 2026.
What I'm watching this summer
Inventory
New listings are slowing. If sales keep rising, GVR says we could see a sustained drop in homes for sale – which would shift leverage back toward sellers.
Interest rates
The Bank of Canada held at 2.25% on June 10. Its next decision on July 15 is one to watch for anyone renewing or buying this summer.
Broad-based demand
Sales rising in every property type at once has been rare in recent years. Watch whether that holds through July and August.
Want to know what this means for your street?
Every neighbourhood – and every home – is a little different. I'm happy to put together a custom report on your area or talk through your plans.
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