GVR, which covers Metro Vancouver areas, said in July 2026, there was a 9.8 per cent decrease compared to 2025, or a drop of 225 total home sales. It suggested Metro Vancouver home sales lost \u201cbrief momentum\u201d with July sales erasing gains the region saw in June.<\/p>\n
\u201cThis was 18.6 per cent below the 10-year seasonal average (2,532),\u201d GVR said, adding that apartment sales led the drop.<\/p>\n
\u201cLast month, we reported gains in home sales across all home types, raising the question of whether demand would continue to build into the summer. Instead, July sales were down nearly ten per cent, led by an 18 per cent drop in apartment sales, confirming to market watchers that the June momentum was not sustained,\u201d Andrew Lis, GVR chief economist and vice-president data analytics, said.<\/p>\n
In Greater Vancouver, all home types saw benchmark prices come down:<\/p>\n
Single-family detached home prices decreased from $1,824,900 in June 2026 to $1,822,900 in July 2026.
\nTownhome prices decreased from $$1,046,200 in June 2026 to $1,030,400 in July 2026.
\nApartment prices decreased from $695,200 in June 2026 to $688,000 in July 2026.<\/p>\n
![\"b.c.](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/08\/9f69675f0d158fe8395849ab5ad814666ef5d332-1517x848-1.webp\"\/ "\\"\\"")
<\/p>\n
GVR<\/p>\n
Similar numbers in the Fraser Valley<\/p>\n
FVREB said July 2026 saw a five per cent decrease compared to June 2026 and a nine per cent decrease compared to July 2025.<\/p>\n
\u201cBuyer urgency has been notably absent from the Fraser Valley market for some time now,\u201d said Ishaq Ismail, Chair of the Fraser Valley Real Estate Board, in a statement.<\/p>\n
\u201cWith inventory remaining high and competition subdued, buyers know they don\u2019t have to rush. They can take their time evaluating their options, knowing they can return to a market that continues to offer plenty of choice,\u201d Ismail said.<\/p>\n
The FVREB says that the Fraser Valley remains a buyer\u2019s market with a sales-to-active listings ratio of 11 per cent in July.<\/p>\n
\u201cEconomic uncertainty continues to influence buying decisions, but the Fraser Valley has remained one of the Lower Mainland\u2019s brightest spots for improving affordability,\u201d said Anthony Boone, interim CEO of the Fraser Valley Real Estate Board, in a release.<\/p>\n
\u201cAs home prices continue to ease, qualified buyers are finding opportunities that simply weren\u2019t available a few years ago, particularly those looking to enter the market or downsize,\u201d Boone said.<\/p>\n
In the Fraser Valley, all home types saw benchmark prices come down:<\/p>\n
Single-family detached home prices decreased 8.3 per cent compared to July 2025 to $1,335,200
\nTownhome prices decreased 7.1 per cent compared to July 2025 to $757,300
\nApartment prices decreased 9.1 per cent compared to July 2025 to $469,500<\/p>\n","protected":false},"excerpt":{"rendered":"Despite affordability and supply continuing to improve, potential B.C. homebuyers are remaining cautious, seemingly reluctant to pull the…\n","protected":false},"author":2,"featured_media":848850,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[45,49,48],"class_list":["post-848849","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ca","tag-canada"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/848849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=848849"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/848849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/848850"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=848849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=848849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=848849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}