Vancouver Real Estate Market Update: The June 2026 Numbers

The Most Interesting Month of Data in a While

I'm Aparna Kapur with Oakwyn Realty, and every month I go through the Greater Vancouver REALTORS (GVR) statistics package so my clients don't have to. June 2026 is the most interesting month of data we've had in some time — not because prices moved, but because demand did.

All figures below are from the GVR June 2026 MLS statistics, released July 3, 2026.

The Headline Numbers for Metro Vancouver

• •Sales: 2,390 — up 9.6% from June 2025, though still 12.4% below the 10-year seasonal average
• •New listings: 5,938 — down 6% from June 2025
• •Total active listings: 17,017 — down 3.1% year-over-year, but still 30.2% above the 10-year average
• •Composite benchmark price: $1,099,100 — down 6.0% from June 2025 and essentially flat (-0.1%) from May

By property type across the region:

• •Detached: $1,842,900 (down 7.1% year-over-year)
• •Townhouse: $1,046,200 (down 5.0%)
• •Condo/apartment: $695,200 (down 7.1%)

Why June Was Different

For the past couple of years, Vancouver's sales data has been mixed — condos up while detached lagged, or vice versa. That's the signature of a sideways market. In June, every home type posted year-over-year sales gains: detached up 13.7%, townhouses up 11.4%, apartments up 6.1%. GVR's chief economist called it a possible "early sign of a shift in the market," with demand returning more broadly.

Just as important: new listings are slowing. With fewer homes coming to market and more selling, standing inventory has stopped climbing. Inventory is still historically high — which is why prices haven't moved — but if this pattern holds, the buyer-friendly conditions we've enjoyed since 2025 won't last indefinitely.

The sales-to-active-listings ratio for June sits at 14.6% overall (12% detached, 17.8% attached, 15.5% apartments). Analysts consider below 12% a buyer's market and above 20% a seller's market — so we're in balanced territory, with detached homes right on the buyer's-market boundary.

Vancouver West Side: Signs of a Floor

For my clients in [Oakridge](/neighborhoods/oakridge), [Kerrisdale](/neighborhoods/kerrisdale), [South Cambie](/neighborhoods/south-cambie), and the [Cambie Corridor](/neighborhoods/cambie-corridor), the Vancouver West numbers matter most:

• •Composite benchmark: $1,240,200 — down 5.7% year-over-year, but up 0.4% from May
• •Detached: $3,042,100 — down 9.2% year-over-year, up 0.6% month-over-month
• •Townhouse: $1,351,600 — down 5.4% year-over-year, up 1.5% month-over-month
• •Condo: $779,200 — down 5.6% year-over-year, down 0.5% month-over-month

Read that again: while the region was flat, the west side's composite, detached, and townhome benchmarks all ticked up month-over-month. One month isn't a trend, but after the declines of the past year, it's the first hint of a floor forming — and I don't think it's a coincidence that it coincides with [Oakridge Park's grand opening on May 28](/resources/blog/oakridge-park-spring-2026-opening-guide). Buyer interest in the surrounding neighbourhoods has been noticeably stronger since the doors opened.

Vancouver East Side

• •Composite benchmark: $1,136,400 — down 6.3% year-over-year, up 0.3% from May
• •Detached: $1,659,400 — down 9.6% year-over-year
• •Townhouse: $1,054,900 — down 3.5% year-over-year
• •Condo: $637,300 — down 7.2% year-over-year

The east side tells a similar story: year-over-year declines, month-over-month stabilization. Townhomes remain the most resilient segment on both sides of Main Street.

What This Means If You're Buying

Prices are 5-7% below last year, inventory is still 30% above normal, and mortgage-qualifying conditions are better than they've been in years. That's genuine selection and genuine negotiating room — but the demand data suggests the clock is ticking. If sales keep rising while new listings slow, the leverage you have today shrinks. The buyers I work with are shifting from "wait and see" to "find the right one and negotiate hard."

What This Means If You're Selling

Flat prices with rising demand is a better sales environment than falling prices with weak demand — but with 17,000 active listings, buyers still have plenty of alternatives. Pricing accurately against current comparables (not 2025 hopes) and presenting well remain everything. Well-priced homes near amenities — and on the west side, near the newly opened Oakridge Park — are the ones drawing multiple offers. If you want to know what your home would realistically fetch in this market, start with a [free home valuation](/selling/home-valuation).

The Bottom Line

June 2026: demand up broadly for the first time in years, supply tightening, prices flat, west side showing the first month-over-month gains in a while. A balanced market that may be starting to lean.

I'll break down the July numbers when GVR releases them in early August. If you want to talk about what these numbers mean for your specific situation — buying, selling, or just planning — call or text me at 604-612-7694, or reach me through [aparnakapur.com/contact](/contact).