Vancouver Real Estate Sales - August 2026

Prices have therefore fallen both month-over-month and year-over-year.

The decline isn't limited to one type of property either. Detached homes, condos and townhouses are all selling at benchmark prices below August 2025 levels.
Detached Homes: $1,799,400

There were 557 detached home sales in Greater Vancouver in August 2026, down 3.1% from 575 sales a year earlier. The benchmark price of a detached home was $1,799,400

7.2% lower than August 2025
1.3% lower than July 2026

Detached houses experienced the largest year-over-year benchmark price decline of the three major property categories.

Condos:

Greater Vancouver recorded 891 apartment sales during August, down 6.8% from 956 sales in August 2025.

The benchmark condo price was $686,200.

• 6.6% lower year-over-year
• 0.3% lower than July

For prospective Greater Vancouver condo buyers, the combination of softer prices and relatively high inventory may create opportunities that weren't as common during stronger seller's markets.

Townhouses: 

Townhouses were the only major property category to record an increase in sales compared with last August.
There were 412 attached home sales, up slightly from 409 in August 2025.

The benchmark townhouse price was $1,028,800, however, prices were still:


This suggests that although townhouse sales have held up better than detached homes and condos, buyers remain price-sensitive.

Is Greater Vancouver a Buyer's Market in August 2026?

One of the best ways to understand current Greater Vancouver housing market conditions is to look at the sales-to-active listings ratio.

In August, the ratio was 12.3% across all property types

By property type:

Detached homes: 9.6%**
Townhouses and attached homes: 15.1%**
Apartments: 13.7%**

Why does this matter?

Historically, Greater Vancouver REALTORS® note that sustained ratios below 12% can put downward pressure on home prices, while ratios above 20% for several months can contribute to upward price pressure.

At 9.6%**, detached homes are clearly experiencing the softest conditions.
The overall market, at 12.3%, is sitting close to the level historically associated with downward price pressure.

Buyers Have More Homes to Choose From

There were 15,798 properties listed for sale across Metro Vancouver at the end of August.

That's actually 2.7% fewer listings than August 2025.
But there's an important detail behind that number.

Current inventory remains 26.2% above the 10-year seasonal average of 12,522 properties.

So while inventory has come down from the elevated levels seen in 2025, buyers still have considerably more selection than they would during a typical August.

Meanwhile, 4,100 new properties came onto the MLS® during August, down 3% compared with last year and roughly in line with the 10-year average.

What Does the August 2026 Market Mean for Home Buyers?

For Greater Vancouver home buyers, current conditions offer several advantages.

There is more inventory to choose from, benchmark prices are lower than they were a year ago, and buyers generally have more time to compare properties than they would in a highly competitive seller's market.

Depending on the property and neighbourhood, buyers may also have greater negotiating leverage on **price, dates, subjects and other contract terms**.

But falling benchmark prices don't automatically mean every property is a bargain.

Well-priced homes in desirable locations can still attract strong interest. Buyers should look closely at comparable sales, property condition, strata documents where applicable, and neighbourhood-specific market conditions before determining what a home is worth.

What Does the Market Mean for Sellers?

The August statistics send an equally important message to Greater Vancouver home sellers: pricing matters.
Today's buyer has more choice.

When several comparable properties are available at the same time, an overpriced home can quickly be passed over in favour of a competing listing.

Sellers should therefore pay particular attention to recent sold properties, not simply the asking prices of other homes currently listed.

Presentation also becomes increasingly important in a slower real estate market. Professional photography, staging, property preparation, strategic marketing and an appropriate launch price can help a listing stand out when buyers have numerous alternatives.

Why Is the Greater Vancouver Housing Market So Slow?

According to GVR Chief Economist Andrew Lis, sales have been weaker than forecast since May.

GVR points to several factors contributing to the slower market, including reduced immigration, weaker investor demand and mortgage rates that have not fallen enough to generate stronger buying activity.

Trade tensions with the United States have added another layer of economic uncertainty.

What's interesting is that conditions that would normally encourage purchasers more selection, lower prices and relatively stable mortgage rates have yet to generate a substantial increase in buying activity.

Many prospective buyers appear content to wait.

Greater Vancouver Real Estate Outlook: What Should We Watch Next?

As we move into the fall 2026 Greater Vancouver real estate market, three numbers will be particularly important: sales, inventory and prices.

If inventory remains elevated while sales stay below historical averages, buyers should continue to have considerable choice and negotiating leverage.

If sales begin increasing while the number of available homes declines, the market could start moving toward more balanced conditions.

For now, however, the August statistics show a price-sensitive Greater Vancouver housing market where buyers have options and sellers need to compete for their attention.

Thinking About Buying or Selling in Greater Vancouver?

Greater Vancouver statistics provide a useful overview, but real estate conditions can be very different from one municipality, neighbourhood and property type to another.

The market for a North Vancouver detached home, for example, can behave very differently from the condo market in Vancouver, Burnaby or Richmond.

If you're considering buying or selling a home in Greater Vancouver, looking at recent sales and current competition in your specific neighbourhood will provide a much clearer picture of what your property may be worth and where opportunities may exist.