May 2026 Market Update
Greater Vancouver Real Estate Market Update
Apartment sales lagged while detached and attached activity held steady across Metro Vancouver in May.
Benchmark price (all types)
$1,100,700
▲ +0.2% MoM · ▼ -6.2% YoY
Total sales
2,150
-3.5% vs May 2025 · 26.6% below 10-yr avg
New listings
6,115
-7.6% vs May 2025 · 1.3% above 10-yr avg
Active listings
16,917
-1.0% vs May 2025 · 34.6% above 10-yr avg
Market Overview
What’s happening in Greater Vancouver this month
Metro Vancouver's housing market stayed calm and well supplied in May 2026. Residential sales across the Greater Vancouver REALTORS® area totalled 2,150, down 3.5% from May 2025 and about 27% below the 10-year seasonal average, with slower apartment activity doing most of the dragging. Detached sales actually edged up about 1% year-over-year while attached sales held roughly flat. With 16,917 active listings on the market — nearly 35% above the 10-year norm — buyers have plenty of choice, and prices were essentially flat month-over-month. The composite benchmark sits at $1,100,700, down 6.2% from a year ago.
Supply & Demand
Sales-to-active listings ratio
Greater Vancouver is in balanced market territory
The overall ratio of 13.1% is between 12% and 20%, where prices tend to hold steady. Historically, sustained ratios below 12% put downward pressure on prices, while ratios above 20% push prices upward. Worth noting: the ratio is being held up partly by fewer new listings (down 7.6% year-over-year) rather than stronger sales, which were down 3.5%.
Detached 10.7%
Townhouse 15.4%
Apartment 14.2%
Benchmark Prices
MLS® HPI benchmark prices — May 2026
| Home type | Benchmark price | 1-month change | 1-year change |
|---|---|---|---|
| All home types (composite) | $1,100,700 | ▲ +0.2% | ▼ -6.2% |
| Detached | $1,847,900 | ▲ +0.4% | ▼ -6.9% |
| Townhouse | $1,048,200 | ▲ +0.5% | ▼ -5.1% |
| Apartment / condo | $697,800 | ▼ -0.7% | ▼ -7.9% |
Sales Activity
Home sales by property type
| Home type | May 2026 sales | May 2025 sales | Change | Median price |
|---|---|---|---|---|
| Detached | 660 | 654 | +0.9% | n/a |
| Townhouse / attached | 463 | 469 | -1.3% | n/a |
| Apartment / condo | 1009 | 1087 | -7.2% | n/a |
Common Questions
Greater Vancouver market FAQ
What is the benchmark home price in Greater Vancouver?
As of May 2026, the MLS® HPI composite benchmark price in Greater Vancouver is $1,100,700 across all home types. By segment: detached $1,847,900, townhouse $1,048,200, and apartment $697,800. The benchmark represents a typical home in the market, which makes it a more reliable trend indicator than average or median prices.
Are home prices in Greater Vancouver going up or down?
The composite benchmark rose 0.2% from April 2026 and is down 6.2% compared to May 2025. Detached prices moved +0.4% month-over-month, townhouses +0.5%, and apartments -0.7%. Segments are moving differently, so the right read depends on the type of home you own or want to buy.
Is Greater Vancouver a buyer’s or seller’s market right now?
With a sales-to-active listings ratio of 13.1%, Greater Vancouver is in balanced market conditions — the ratio is between 12% and 20%, where prices tend to hold steady. By segment: detached 10.7%, townhouse 15.4%, and apartment 14.2%.
How many homes sold in Greater Vancouver in May 2026?
660 detached, 463 townhouse/attached, and 1009 apartment sales were recorded in May 2026, compared with 654, 469, and 1087 respectively in May 2025.
Is now a good time to buy or sell in Greater Vancouver?
For buyers: inventory is healthy, prices are below year-ago levels, and homes are taking longer to sell — that combination means more selection and more negotiating power than in recent years. For sellers: well-prepared, accurately priced homes are still selling, but pricing to today’s market (not last year’s) is the difference between selling in weeks and sitting for months. The right move depends on your situation, especially if you’re selling and buying in the same market.
How does Greater Vancouver compare to nearby markets?
Greater Vancouver is the region itself, so the more useful comparison is against the neighbouring Fraser Valley board, where the composite benchmark is $893,300 and the sales-to-active ratio is about 11%. Both regions are well supplied with inventory, with the Fraser Valley sitting slightly deeper in buyer's market territory than Metro Vancouver's 13.1%.
About this data: All figures are from the Greater Vancouver REALTORS® (GVR) May 2026 statistics package.
Benchmark prices are MLS® Home Price Index values representing a typical home in the market.
Sales-to-active listings ratios are from the GVR May 2026 press release. Information is deemed reliable but is not guaranteed. Prepared by Derek Vanderkooy PREC*
and David Maître PREC*, Value-First Home Team, One Percent Realty Ltd.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.