Metro Vancouver and Fraser Valley home sales see late-spring uptick | Daily Hive

Metro Vancouver and Fraser Valley home sales see late-spring uptick amid softer prices

The cluster of residential towers around SkyTrain's Burquitlam Station on the Burnaby-Coquitlam border. (Elena Alex Ferns/Shutterstock)

Home sales across the Lower Mainland’s two main real estate board regions saw some renewed activity in June 2026, but the late-spring uptick was not strong enough to lift prices, which continued to soften across most home types.

Across the areas covered by Greater Vancouver Realtors (GVR) and the Fraser Valley Real Estate Board (FVREB), there was a combined total of 3,537 home sales in June 2026. That is up from 3,376 sales in June 2025, an increase of about 4.8 per cent.

The overall Lower Mainland increase was led by GVR’s jurisdiction, which spans the Metro Vancouver areas of Vancouver, Burnaby, the Tri-Cities, New Westminster, Richmond, North Shore municipalities, South Delta, Maple Ridge, Pitt Meadows, and Bowen Island, as well as the Sunshine Coast, Squamish, and Whistler.

GVR recorded 2,390 home sales in June 2026, up by 9.6 per cent from the 2,181 sales in June 2025. However, this was still 12.4 per cent below the 10-year seasonal average of 2,728 sales.

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“June saw a pattern of broad gains in home sales across all home types relative to the same time last year, which has been a rare occurrence in recent years,” said Andrew Lis, the chief economist and vice-president of data analytics for GVR, in a statement today.

“June’s data could be an early sign of a shift in the market. In recent years, sales trends have usually been mixed across home types, which is typical of a sideways trending market. But with all housing types posting gains in June, the data indicate demand may be returning to the market more broadly.”

In the FVREB’s jurisdiction, which includes parts of Metro Vancouver entailing Surrey, Langley, White Rock, and North Delta, as well as the Fraser Valley jurisdictions of Abbotsford and Mission, a total of 1,147 home sales were recorded in June 2026. That is up by two per cent from May 2026, but still down by four per cent from 1,195 sales in June 2025.

Across GVR’s jurisdiction in June 2026, it took an average of 39 days to sell single-family detached houses, 35 days for townhomes, and 39 days for condominiums. In FVREB, detached houses took an average of 37 days to sell, townhomes took 33 days, and condominiums took 38 days.

Buyers on both GVR and FVREB are becoming somewhat more active, but they are still operating in a regional market with very substantial choice.

Across the two board areas combined, there were 27,394 active listings at the end of June 2026, down from 28,403 a year earlier. New listings totalled 9,241 across both boards, down from 9,933 in June 2025.

In GVR’s jurisdiction, 5,938 homes were newly listed in June 2026, down by six per cent from 6,315 new listings in the same month in 2025, but still 5.9 per cent above the 10-year seasonal average. Active listings reached 17,017, down by 3.1 per cent from June 2025, but 30.2 per cent above the 10-year seasonal average of 13,070.

The composite benchmark price for all residential properties in GVR’s jurisdiction was $1,099,100 in June 2026, down by six per cent from June 2025 and down by 0.1 per cent from May 2026.

Single-family detached house sales in GVR’s jurisdiction reached 747 units in June 2026, up by 13.7 per cent from 657 in June 2025. The benchmark price for a detached unit was $1,842,900, representing a drop of 7.1 per cent year-over-year and down by 0.3 per cent from May 2026.

Condominium home sales totalled 1,103 units, up by 6.1 per cent from 1,040 in June 2025. The benchmark condominium price was $695,200, down by 7.1 per cent year-over-year and down by 0.4 per cent month-over-month.

Townhome sales reached 527 units, up by 11.4 per cent from 473 units a year earlier. The benchmark townhouse price was $1,046,200, down by five per cent from June 2025 and down by 0.2 per cent from May 2026.

Within GVR’s market, the benchmark price was $1,136,400 in the Vancouver Eastside, down by 6.3 per cent year-over-year; $1,240,200 in the Vancouver Westside, down by 5.7 per cent; $1,030,400 in Richmond, down by 8.2 per cent; $999,500 in Coquitlam, down by 5.7 per cent; $899,200 in Maple Ridge, down 7.8 per cent; $1,313,900 in North Vancouver, down by 4.3 per cent; and $2,321,900 in West Vancouver, down by 6.7 per cent.

“Despite signs that demand is slowly returning to the market, prices haven’t moved much in recent months as the inventory of homes for sale has been big enough to absorb the increased demand,” said Lis.

“Prices typically trend upwards when demand rises and inventory declines. With recent data revealing a slower pace of new listings coming to market, standing inventory is no longer climbing, and may be showing early signs of reversing. It’s still too early to call, but if the current pattern of rising demand and slower new listings continues, we may see a sustained downtrend in inventory over the coming months.”

In the FVREB, the overall benchmark price for a typical home was $884,800 in June 2026, representing a decrease of 7.1 per cent from a year earlier and a drop of 0.9 per cent from May 2026. FVREB also noted benchmark prices in its area are now 26 per cent below their 2022 peak.

“The Fraser Valley spring market has underperformed expectations despite improving affordability and more choice for buyers,” said Ishaq Ismail, chair of the Fraser Valley Real Estate Board.

“Opportunities are clearly there. The question is whether qualified buyers on the sidelines recognize the value available today. For those looking to enter the market or move up, current conditions present a compelling opportunity.”

FVREB had 10,377 active listings at the end of June 2026, down by 4.3 per cent from 10,842 a year earlier, but up by 2.3 per cent from May 2026. New listings in June 2026 totalled 3,303, basically unchanged from 3,300 in May 2026, but down by 8.7 per cent from 3,618 in June 2025.

“Buyers are still holding back despite some improving conditions,” said Baldev Gill, CEO of FVREB.

“The recent agreement between Build Canada Homes and BC Housing may help add supply and improve access to ownership; however, with details still unclear, it’s difficult to assess the practical impact for buyers.”

By property type, the FVREB recorded 420 single-family detached house sales in June 2026, down by 2.6 per cent from June 2025 but up by 1.7 per cent from May 2026. The detached benchmark price was $1,350,200, down by 7.7 per cent year-over-year and down 1.2 per cent month-over-month.

Townhome sales totalled 317 units in June 2026, up by one per cent from June 2025 and up by 2.9 per cent from May 2026. The benchmark townhome price was $764,100, down by 7.3 per cent year-over-year and down by 0.7 per cent from May 2026.

Condominium sales reached 293 units, down by 14.1 per cent year-over-year, but up by 11.4 per cent from May 2026. The benchmark condominium price was $476,400, down by 9.1 per cent from June 2025 and down by 1.5 per cent from May 2026.

In Surrey, excluding South Surrey/White Rock, the benchmark price was $1,431,700 for a single-family detached house, down by 8.7 per cent year-over-year; $781,500 for a townhome, down by 8.2 per cent; and $460,400 for a condominium, down by 9.9 per cent.

In South Surrey/White Rock, single-family detached houses had a benchmark price of $1,696,300, down by 7.6 per cent year-over-year. Townhomes were at $853,400, down by 8.9 per cent, while apartments were at $560,800, down by 4.6 per cent.

In Langley, the single-family detached house benchmark price was $1,494,800, down by 6.9 per cent year-over-year. The benchmark townhome price was $813,200, down by 5.5 per cent, while the benchmark apartment price was $542,100, down by 9.1 per cent.

In Abbotsford, the single-family detached house benchmark price was $1,172,600, down by 5 per cent year-over-year. Townhomes were at $606,500, down by 8.3 per cent, and condominiums were at $390,100, down by 11.3 per cent.

Year-to-date, FVREB has recorded 5,850 home sales, down 5.4 per cent from 6,182 during the same period of the first six months of 2025. New listings year-to-date totalled 19,371 units, down by 10.9 per cent from 21,741.

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