Metro Vancouver home sales slowed again in August, bringing a quieter-than-usual summer market to a close.

A total of 1,717 residential properties sold through the MLS® in September 2026, according to Greater Vancouver REALTORS®. That was down 8.4% from the 1,875 sales recorded in September 2025 and 25% below the 10-year seasonal average of 2,289 sales.

Sales of attached and detached homes finished slightly up from last September. The weakness in the market is mainly contained to the sizeable apartment segment, which typically accounts for half of sales in any given month in recent years. Analysts advise end-users are primarily driving the market, as investor-driven demand awaits more favourable conditions.   

There were 5,852 detached homes, townhouses, and apartments newly listed in September. That was 10.3% fewer than the 6,527 properties listed during the same month last year and 5.7% below the 10-year seasonal average.

At the end of September, 16,394 properties were available for sale across Metro Vancouver. Although that was 4% lower than September 2025, inventory remained 24.3% above the 10-year seasonal average.

The overall sales-to-active listings ratio was 10.9%. By property type, the ratio was 9.7% for detached homes, 12.2% for attached homes, and 11.4% for apartments.

Historically, prices often experience downward pressure when this ratio remains below 12% for an extended period. Upward pressure is more common when it stays above 20% for several months.

Inventory has gradually declined from the higher levels seen in 2025. However, sales have also remained slower than usual, resulting in prices continuing to move lower across all three property types.

Buyers currently have plenty of selection, softer prices, and relatively stable mortgage rates. Even so, many remain on the sidelines. GVR points to slower immigration, reduced investor demand, mortgage rates that are still not low enough to encourage stronger activity, and renewed trade uncertainty with the United States as factors affecting the market.

Metro Vancouver Benchmark Prices

The composite benchmark price for a residential property in Metro Vancouver was $1,075,900 in September. That was down 5.5% from September 2025 and 0.6% from August 2026.

Detached home sales totalled 575, that’s a 4.2% increase from the 552 sales recorded last September. The detached benchmark price was $1,784,700, down 7.3% year over year and 0.8% from August.

Apartment sales declined 18.6%, with 777 homes selling compared with 954 in September 2025. The apartment benchmark price was $682,500, down 6.2% year over year and 0.5% month over month.

Townhouse sales also improved from last year. There were 358 sales, up slightly from 356 in September 2025. The townhouse benchmark price was $1,016,700, down 4.7% year over year and 1.2% from August.

Download the latest numbers here.

Statistics are from the Greater Vancouver REALTORS® September 2026 MLS® Housing Market Report. Benchmark prices represent the estimated value of a typical property and are not the same as average sale prices.