August 2026 Market Insights – Watch GVR August 2026 overview of housing market activity in Metro Vancouver.
Home sales registered on the MLS® in Metro Vancouver* declined 4.6 per cent compared to August last year, marking the end of a summer season that underperformed the summer of 2025.
The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,869 in August 2026, a 4.6 per cent decrease from the 1,959 sales recorded in August 2025. This was 20.7 per cent below the 10-year seasonal average (2,356).
“The soft August sales data suggest the modest downward revisions we recently made to our 2026 forecast were a timely and prudent decision,” said Andrew Lis, GVR chief economist and vice-president data analytics. “The market’s performance matched our expectations for the first four months of 2026, but since May, sales have lagged our January forecast, and we expect that trend to persist to the end of the year.” — Economics and Data Analytics
* Areas covered by the Real Estate Board of Greater Vancouver include: Bowen Island, Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.
Sales-to-active listings ratio for August 2026
Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 % for a sustained period, while home prices often experience upward pressure when it surpasses 20% over several months. You can see more details on Greater Vancouver Realtors®.
9.6% – Buyer’s Market
15.1% – Balanced Market
13.7% – Balanced Market
Check our Market Statistics page to see detailed August 2026 market insights for Greater Vancouver & Fraser Valley, broken out by city and housing type (detached homes, condos, townhouses) . The movements in prices, sales, number of days a listing is on the market, and sales to active ratio by city will give you a real understanding of how the market is shifting neighborhood by neighborhood. This is really important: Greater Vancouver is made up of a lot of local markets, which can move very differently! For example, the market might be HOT in Maple Ridge and slow in Vancouver, or HOT for condos and slow for detached homes… and it is shifting all the time! Sometimes the shifts are small, other times they are very significant. We track movements across the entire region – contact us for further insights!
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