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Greater Vancouver Housing Market Activity Shows Signs of Improvement


Under Market Updates, Real Estate

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July 21st, 2026

Vancouver, BC – July 13, 2026. The British Columbia Real Estate Association (BCREA) reports that 7,225 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in June 2026, up 0.9% from June 2025. The average MLS® residential price in BC in June 2026 was down 0.8% at $946,878 compared to $954,712 in June 2025.

Total MLS® residential sales dollar volume was $6.84 billion, up 0.1% from the same time the previous year. BC MLS® unit sales were 18.4% lower than the ten-year average for the month of June.

“Sales rose year-over-year in June for the first time since September 2025, driven by stronger activity in the Greater Vancouver area,” said BCREA Chief Economist Brendon Ogmundson. “We hope this marks the beginning of a stronger second half of the year across BC housing markets as sales converge to more normal levels following several years of unexpected global shocks.”

Year-to-date, BC residential sales dollar volume is down 6.4% to $31.96 billion, compared with the same period in 2025. Residential unit sales are down 5.4% year-over-year at 33,886 units, while the average MLS® residential price is also down 1.1% to $943,249.

Click here for the complete statistics release, including detailed tables.

Market Activity Shows Encouraging Signs of Improvement by Brendon Ogmundson | Chief Economist | BCREA

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