Market Update
Metro Vancouver market update — August 2026
Current benchmark prices, sales activity and inventory across Metro Vancouver, with the source and reporting period clearly stated for every figure.
August 2026 · Source: GVR
Metro Vancouver market snapshot
Sales closed the summer below both last August and the ten-year seasonal average, and with selection still well above normal, benchmark prices eased across every property type.
Composite benchmark price
$1,081,900
- 5.6% lower vs. Aug 2025
- 0.6% lower vs. Jul 2026
MLS® Home Price Index estimate of a typical home across all property types — not an average sale price.
Residential sales
1,869
- 4.6% lower vs. Aug 2025
Sales registered on the MLS® in Metro Vancouver during the month — 20.7% below the ten-year seasonal average of 2,356.
New listings
4,100
- 3.0% lower vs. Aug 2025
Properties newly listed for sale during the month — 1.3% below the ten-year seasonal average of 4,152.
Active listings
15,798
- 2.7% lower vs. Aug 2025
Properties still listed for sale — the selection a buyer had to choose from, 26.2% above the ten-year seasonal average.
Benchmark price by property type
MLS® Home Price Index benchmark, August 2026. Bars are scaled relative to the highest benchmark shown.
7.2% lower than August 2025
4.4% lower than August 2025
6.6% lower than August 2025
Benchmark prices are MLS® Home Price Index estimates of a typical home of that type in the region — they are not averages of the homes that actually sold.
Overall sales-to-active-listings ratio
12.3%
By property type the ratio was 9.6% for detached homes, 15.1% for attached and 13.7% for apartments. GVR notes that, over a sustained period, prices tend to face downward pressure when this ratio stays below 12% and upward pressure when it exceeds 20%.
Metro Vancouver, all property types, August 2026.
Source and limitations
Data source: Greater Vancouver REALTORS® (GVR), MLS® Residential Market Report, August 2026 (published September 1, 2026). Figures on this page were last reviewed on September 10, 2026 and are not updated automatically — always confirm the latest report before making a decision.
- These figures describe the whole Metro Vancouver region. Individual communities, neighbourhoods and property types moved by very different amounts in the same month.
- The GVR report covers Bowen Island, Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver and Whistler. Surrey, Langley, Abbotsford, Mission and Chilliwack are reported by the Fraser Valley Real Estate Board instead.
- Benchmark prices are index estimates of a typical home, not the average of what actually sold, and past figures do not predict what any particular property will sell for.
Ten years of context
How this report compares with the last decade
Year-end benchmark prices, annual sales and new listings from 2016 onward, charted from published Greater Vancouver REALTORS® releases.
View the 10-year historyPast monthly updates
What does this mean for your move?
Regional figures describe the average, not your street. Conditions differ by community, property type and price band. Ask Borna for the latest numbers for your specific situation, with the source for every figure.