Real Estate Activity in Vancouver Sees Decline in July, Erasing Summer Gains
Vancouver’s real estate market experienced a setback in July, with a nearly 10% drop in home sales compared to the same period last year, undoing the gains made in June as summer began.
According to Greater Vancouver Realtors, there were 2,061 home sales last month, marking a 9.8% decrease from July 2025. This figure was also 18.6% lower than the 10-year seasonal average.
Andrew Lis, the chief economist and vice-president of data analytics at the real estate board, noted that the sales trend in recent years has been a mix of progress and regression, with patterns of advancements followed by declines. The data for June and July exemplify this cyclical behavior.
The composite benchmark price for all types of residential properties in Vancouver stood at $1,088,800, reflecting a 6.2% drop from July 2025 and a slight 0.9% decrease from June 2026.
New listings entering the market totaled 4,991 in July, showing an 11.5% decrease year-over-year but in line with the 10-year average.
Furthermore, total inventory decreased by 4% annually to 16,476 units, exceeding the long-term average by 26.8%.