Hi everyone, it's Maria with your Metro Vancouver Market Watch for May 2026.

The biggest story this month is that apartment sales slowed down, while detached homes and townhomes remained relatively steady.

Overall, there were 2,150 homes sold across Metro Vancouver in May, which is about 3.5% lower than the same time last year. While detached home sales actually increased slightly, apartment sales were down about 7%, which brought the overall numbers down.

On the inventory side, we continue to see plenty of choice for buyers. There are currently almost 17,000 homes for sale across Metro Vancouver, which is about 35% higher than the 10-year average. New listings were slightly lower than last year, but overall inventory remains healthy.

What does that mean for buyers and sellers?

For buyers, there are still lots of opportunities and more negotiating power than we've seen in recent years.

For sellers, pricing correctly remains critical. Homes that are well-priced and well-marketed are still attracting attention, but buyers have options and are taking their time.

As for prices, they've remained relatively stable month over month. The benchmark price for all residential properties in Metro Vancouver is now approximately $1.1 million, which is down 6.2% from a year ago but virtually unchanged from April.

Breaking it down by property type:

• Detached homes averaged a benchmark price of $1.85 million, down 6.9% from last year.

• Apartments averaged $698,000, down 7.9% from last year.

• Townhomes averaged just over $1.048 million, down 5.1% from last year.

Looking ahead, economists expect a relatively balanced and predictable summer market. Inventory remains strong, demand is steady, and there are no major factors expected to dramatically shift the market in either direction.

If you're thinking about buying, selling, investing, or exploring multiplex opportunities, I'd be happy to discuss your options and what these market conditions mean for you personally.

Connect with me: 

www.SellingTheCity.ca

www.KritikosRealEstate.com

www.MultiplexInVancouver.com 

www.TalkToMaria.com 

2025 was a year that demanded strategy over speed — and intention over noise. In a constantly evolving real estate landscape, I’m proud of the clients we helped, the projects we supported, and the conversations we led across resale, redevelopment, and multiplex opportunities. Grateful for the trust, collaboration, and lessons this year brought. Excited for what’s ahead. Here’s a look back at 2025. 🎥

If you’re thinking ahead to 2026, I’m always happy to talk strategy. maria@kritikosrealestate.com or call 778-389-9195

Hi everyone, it’s Maria with your MarketWatchWithMaria monthly update. In August 2025, easing prices helped bring more Metro Vancouver homebuyers off the sidelines. Sales on the MLS® were up nearly 3% compared to last year, with 1,959 homes sold. Detached and townhouse sales saw the biggest jump — up over 10% from last August — which shows that buyers at higher price points are starting to re-enter the market.

On the supply side, we had just over 4,200 new listings in August, about average for this time of year. But total inventory is now over 16,000 homes, which is up 17% year-over-year — giving buyers more choice. Prices have eased about 2% since the start of the year, and are down 1% month-over-month in August.

The benchmark price across all property types is $1,150,400, which is down almost 4% compared to last year. Detached homes: benchmark price $1.95 million, down 4.8% year-over-year. Apartments: $734,400, down 4.4%. Townhomes: $1.08 million, down 3.5%.

So what does this mean? Buyers and sellers are becoming more aligned on price, which has boosted sales activity. But as demand picks up and new listings remain steady, the window of plentiful opportunity for buyers may start to close if these trends continue. That’s your market snapshot for August.

📲 If you’re thinking of buying or selling, I’d love to help you navigate the market. Visit www.TalkToMaria.com to connect with me directly.

Thanks for watching, and see you next month for another MarketWatch With Maria!

As of January 1, 2025, the BC Home Flipping Tax is now in effect. REALTORS® need to know this new tax is distinct from the existing federal property flipping tax and specifically targets short-term property sales within British Columbia.

Here’s how it works: 

• The tax applies to income from sales of residential properties, presale contracts, or assignments owned for less than 730 days (two years). This includes properties bought before January 1, 2025, if they are sold on or after that date and owned for less than two years.  

• The rate is 20 per cent for sales within the first 365 days of ownership, gradually decreasing until it is eliminated at 730 days.  

• This tax applies to any person or entity (individual, corporation, partnership, or trust) selling property within BC, regardless of residency.  

• Exemptions include certain primary residences, though exemptions are subject to specific conditions and filing requirements.

Hi everyone, it’s Maria with your monthly market pulse — here’s what’s happening in the Vancouver real estate market:

📉 Sales slowed in May — down almost 19% from last year and well below the 10-year average.

🏡 Inventory reached a 10-year high with 17,000+ listings = more choice & leverage for buyers.

💸 Prices are holding relatively steady with slight declines:

• Detached: $1.99M ↓

• Condos: $757K ↓

• Townhomes: $1.1M ↓

📊 The sales-to-active listings ratio sits at 13.4%, keeping us in balanced-to-buyer’s market territory.

🌞 A slower spring might just mean a busier summer! If you’ve been waiting to make a move, this could be your moment.

📩 Have questions about your neighbourhood or goals?

Let’s chat:

📱 778-389-9195 

📧 maria@kritikosrealestate.com

💬 www.TalkToMaria.com

Newly listed properties registered on the MLS rose nearly twenty per cent year over year in July, helping to sustain a healthy level of inventory in the Metro Vancouver housing market.

On the demand side, the Greater Vancouver REALTORS®2 (GVR) reports that residential sales in the region totalled 2,333 in July 2024, a 5 per cent decrease from the 2,455 sales recorded in July 2023. This was 17.6 per cent below the 10-year seasonal average (2,831).

“The trend of buyers remaining hesitant, that began a few months ago, continued in the July market despite a fresh quarter percentage point cut to the Bank of Canada’s policy rate. “

With the recent half percentage point decline in the policy rate over the past few months, and with so much inventory to choose from, it’s a bit surprising transaction levels remain below historical norms as we enter the mid-point of summer.”

There were 5,597 detached, attached and apartment properties newly listed for sale on the MLS® in Metro Vancouver in July 2024. This represents a 20.4 per cent increase compared to the 4,649 properties listed in July 2023. This was also 12.7 per cent above the 10-year seasonal average (4,968).

The total number of properties currently listed for sale on the MLS® in Metro Vancouver is 14,326, a 39.1 per cent increase compared to July 2023 (10,301). This is also 21.5 per cent above the 10-year seasonal average (11,788).

“With the overall market experiencing balanced conditions, and with a healthy level of inventory not seen in quite a few years, price trends across all segments have leveled out with very modest declines occurring month over month,”

“While it remains to be seen whether softening prices and improved borrowing costs will entice buyers to purchase as we head into the fall market, it’s worth noting that it can take a few months for improvements to borrowing costs to materialize into higher transaction levels. In this respect, it’s still early days, so we will watch the market for signs of transaction activity picking up in the months ahead.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,197,700. This represents a 0.8 per cent decrease over July 2023 and a 0.8 per cent decrease compared to June 2024.

Sales of detached homes in July 2024 reached 688, a 1 per cent increase from the 681 detached sales recorded in July 2023. The benchmark price for a detached home is $2,049,000. This represents a 2.1 per cent increase from July 2023 and a 0.6 per cent decrease compared to June 2024.

in July 2024, The benchmark price of an apartment home is $768,200 , the benchmark price of a townhome is $1,124,700

Want to dive in a little deeper and see if this is a good time to buy or sell? Let's chat visit:  www.TalkToMaria.com  or call me at  778-389-9195

Metro Vancouver home sales registered on the MLS® remained below seasonal and historical averages in June. With reduced competition among buyers, inventory has continued to accumulate to levels not seen since the spring of 2019.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,418 in June 2024, a 19.1 per cent decrease from the 2,988 sales recorded in June 2023. This was 23.6 per cent below the 10-year seasonal average (3,166).

buyers appear hesitant to transact in volumes we consider typical for this time of year, while sellers remain keen to bring their properties to market,” 

“This dynamic is bringing inventory levels up to a healthy range not seen since before the pandemic. This trend is providing buyers more selection to choose from and driving all market segments toward balanced conditions.”

There were 5,723 detached, attached and apartment properties newly listed for sale on the MLS® in Metro Vancouver in June 2024. This represents a 7 per cent increase compared to the 5,347 properties listed in June 2023. This total is 3 per cent above the 10-year seasonal average (5,554).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 14,182, a 42 per cent increase compared to June 2023 (9,990). This total is 20.3 per cent above the 10-year seasonal average (11,790).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for June 2024 is 17.6 per cent. 13.1 per cent for detached homes, 21.1 per cent for attached, and 20.3 per cent for apartments.

“With an interest rate announcement from the Bank of Canada in July, there is a possibility of another cut to the policy rate this summer. This is yet another factor tilting the market in favour of buyers, even if the boost to affordability is modest,” Lis said. “But June’s lower-than-normal transaction volumes suggest many buyers remain hesitant, which has allowed inventory to accumulate and has kept a lid on upward price pressure across market segments. With that said, the transaction-level data do show that well-priced properties are still selling quickly, suggesting astute buyers are able to spot value and act when opportunities arise.”

Want to dive in a little deeper and see if this is a good time to buy or sell? Let's chat visit: www.TalkToMaria.com or call me at 778-389-9195