
Home sales in Metro Vancouver fell again in August, closing out a summer that came in softer than 2025. Sales were down 4.6% year-over-year, and 2026 is now on pace for the slowest first eight months on record going back to 2005. New listings also trailed last year's pace, but there's still plenty sitting on the market. Inventory remains well above the 10-year norm, so conditions are still firmly in buyers' favour.
Prices have followed suit. The benchmark price for all residential properties in Metro Vancouver is now $1,081,900, down 5.6% from a year ago. Detached homes saw the steepest pullback, down 7.2% year-over-year, while condos are down 6.6% and townhomes 4.4%.
The takeaway hasn't changed much from last month. Buyers have room to be selective right now, and the homes that are moving are the ones priced for today's market, not for where prices were a year or two ago. Softer prices and steady mortgage rates make this a good moment for buyers willing to act. If you've been waiting on the sidelines, let's talk it through.
Let's Discuss Your Strategy.

This Horseshoe Bay half duplex is semi-waterfront and just steps from the park, restaurants, coffee shops and stores, right in the middle of one of the North Shore's most walkable communities. The three bed, three bath layout includes a primary suite with a full ensuite, walk-in closet and private balcony, and the open-plan main level is built for entertaining around a cozy gas fireplace. Downstairs you'll find a finished family room and plenty of storage, and it's only a 20-minute commute to downtown.
$1,625,000
| 3 Beds | 3 Baths | 1,688 Sq. Ft. | Built 1980
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