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Market Update | August 2026 🌴 August wrapped up a Market Update | August 2026 🌴

August wrapped up a quieter-than-expected summer for Metro Vancouver real estate. Despite plenty of selection, softer prices and relatively stable mortgage rates, many buyers are still sitting on the sidelines.

Inventory has come down from 2025 highs, but remains well above typical levels, giving buyers more choice and negotiating power. Benchmark prices are now approximately 6% lower than this time last year, with detached homes seeing the most pressure while townhomes remain relatively resilient.

For buyers, opportunities are out there. For sellers, strategic pricing and strong presentation are more important than ever in a market where buyers have options. 🏡

📱 778.838.3697 • 604-765-9034
📧 meg@megryan.ca • cprevedoros@rennie.com
409 - 185 Victory Ship Way, Vancouver ✨ 2 Bedroom 409 - 185 Victory Ship Way, Vancouver ✨

2 Bedroom • 2 Bathroom • 1130 sf.
1 Parking • 1 Storage Locker

$1,199,000

📱 778.838.3697 • 604.765.9034
📧 meg@megryan.ca • cprevedoros@rennie.com
Island Shopping 🍓 Island Shopping 🍓
Market Update | July 2026 👙 July reminded us that Market Update | July 2026 👙

July reminded us that the Vancouver real estate market still likes to keep us guessing. 🧐

After sales picked up in June, July took a bit of a breather. Overall sales were down nearly 10% month-over-month, with apartments seeing the biggest shift at 18%. But buyers weren’t the only ones hitting pause. New listings also dropped 11%, with apartment listings down almost 17%. It’s a trend we’ve been watching for a few months now, and it’s slowly starting to tighten up available inventory. 

So, where does that leave us? Buyer activity remains steady, inventory is gradually shrinking, and prices dipped just 1% in July. No dramatic swings in either direction - just a fairly balanced market taking its time to find its rhythm.

As always, if you’re curious what these numbers actually mean for your neighbourhood, send us a message. 💬

📱 778.838.3697 • 604-765-9034
📧 meg@megryan.ca • cprevedoros@rennie.com
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