Home sales in the Vancouver region experienced a 4.6% decline last month compared to the previous year, marking a trend that has been ongoing since May and is projected to continue into the end of 2026.
According to data from Greater Vancouver Realtors, there were a total of 1,869 home sales in the region in the recent month, which is notably 20.7% lower than the 10-year seasonal average.
Andrew Lis, the chief economist and vice-president of data analytics at the board, highlighted that inventory levels have diminished from their peak in 2025. Coupled with a slowdown in sales activity, this has contributed to a gradual decrease in prices across all segments of the housing market.
The composite benchmark price for various residential properties in Vancouver stood at $1,081,900, reflecting a 5.6% drop from August 2025 and a slight 0.6% decrease from July 2026.
New listings entering the market totaled 4,100 in the same period, showing a 3% decline compared to the previous year and a 1.3% decrease relative to the 10-year average.
In contrast, the overall inventory decreased by 2.7% annually to reach 15,798 properties, exceeding the long-term average by 26.2%.
