BC Real Estate — Quarterly Reviews
A plain-English look back at each quarter in BC real estate — what the market actually did, and what changed in the rules that shaped it.
- July 2026
State of BC Real Estate — July 2026
June's broad sales increase did not carry into July. Greater Vancouver recorded 2,061 residential sales, down 9.8% from July 2025, which erased almost exactly the gain June had posted a month earlier. Apartments led the decline, falling 17.8% year-over-year. The Fraser Valley was quieter again, with 1,089 sales, down 5% on the month and 9% below last July. Prices kept easing gently on both sides of the river: the Metro Vancouver composite benchmark settled at $1,088,800 (down 6.2% year-over-year and 0.9% on the month) and the Fraser Valley at $877,600 (down 7% year-over-year and 0.8% on the month). The more interesting change was on the supply side, where new listings fell 11.5% in Greater Vancouver and 18% in the Fraser Valley, and active inventory declined on both boards for a second month. Greater Vancouver's chief economist described the pattern as "one step forward, one step back," and said price pressure "in either direction" has yet to show up in the data.
Read full report - June 2026
State of BC Real Estate — June 2026
The June 2026 statistics from both Lower Mainland boards broke the spring's pattern in one respect: sales rose. Greater Vancouver recorded 2,390 residential sales, up 9.6% from June 2025, with gains across every home type. It was the first broad, across-the-board sales increase the region has seen in years. The Fraser Valley was quieter, with 1,147 sales, up 2% on the month but still 4% below last June. Prices continued to ease on both sides of the river. The Metro Vancouver composite benchmark settled at $1,099,100 (down 6.0% year-over-year and essentially flat on the month), and the Fraser Valley at $884,800 (down 7.1% year-over-year, off 0.9% from May, and now 26% below the 2022 peak). Inventory eased slightly and now sits just below where it was a year earlier on both boards. Greater Vancouver's chief economist called June "an early sign of a shift," while the Fraser Valley board was more cautious, noting that buyers are "still holding back."
Read full report - May 2026
State of BC Real Estate — May 2026
The May 2026 statistics from both Lower Mainland boards arrived on June 2 and continued the pattern of the spring: prices easing gently, sales near a multi-year low, and inventory at its highest level since the early 2010s. The Fraser Valley composite benchmark slipped 0.7% on the month to $893,300, down 7.3% from a year earlier. Greater Vancouver was steadier — $1,100,700, essentially flat month-over-month, down 6.2% year-over-year. Sales totalled 1,124 in the Fraser Valley (a half-point above April, five points below last May) and 2,150 across Metro Vancouver (about 3.5% below May 2025 and roughly 27% below the 10-year seasonal average). Apartments led the weakness on both sides of the river; detached homes held up best.
Read full report - January – March 2026
State of BC Real Estate — January – March 2026
The first quarter of 2026 opened quietly. Across Metro Vancouver, the composite benchmark price held roughly flat — $1,104,300 by the end of March, down about 6.8% from a year earlier — while sales stayed well below the seasonal norm. The Fraser Valley told the same story: a benchmark of $898,300, detached prices down nearly 9% year over year, and a market the Fraser Valley board continued to call a buyer’s market. Buyers had time, choice, and little pressure to rush.
Read full report - October – December 2025
State of BC Real Estate — October – December 2025
The final quarter of 2025 closed out a notably slow year. The Greater Vancouver composite benchmark ended December at $1,114,800, down 4.5% from a year earlier; the Fraser Valley finished at $905,900, down 6%. Both boards recorded one of their quietest years in a long time — Greater Vancouver REALTORS logged about 23,800 sales for 2025, its slowest annual total in more than two decades. Buyers ended the year holding the better hand.
Read full report - July – September 2025
State of BC Real Estate — July – September 2025
Through the late summer and early fall of 2025, prices kept drifting gently lower while sales steadied. By the end of September the Greater Vancouver composite benchmark was $1,142,100, down 3.2% from a year earlier; the Fraser Valley benchmark was $926,300, down 5.4%. Sales were close to flat against the same point in 2024 — the year-long decline had slowed — but still well short of a normal year. Both boards described conditions that favoured buyers.
Read full report - April – June 2025
State of BC Real Estate — April – June 2025
Spring is normally the busiest stretch of the real-estate year. In 2025 it was quiet. Through April, May and June, sales ran well below the seasonal average and benchmark prices drifted lower. By the end of June the Greater Vancouver composite benchmark was $1,173,100, down 2.8% from a year earlier; the Fraser Valley sat at $951,500, with detached prices down about 4.6%. Buyers had an unusually calm spring market to work with.
Read full report
Verified sources (2)· re-verified 2026-05-19Click to expand
Every claim on this page is sourced to a primary government, regulator, or industry-association URL. We re-verify quarterly; the verification dates below show when each source was last confirmed against the live government page.
- BC Governmentretrieved 2026-05-19Property Transfer Taxhttps://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax
- BC Governmentretrieved 2026-05-08Property Transfer Tax Act, RSBC 1996, c. 378https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/96378_01
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