Greater Vancouver · May 2026

The market, in numbers.

An honest read on price movement, sales volume, and inventory across the region. Data sourced from the Greater Vancouver REALTORS® MLS® Home Price Index for May 2026.

12-month benchmark prices

Monthly benchmark prices, by property type

Monthly MLS® HPI benchmark price for each segment over the last 12 months (June 2025 – May 2026). Side panel shows the current month's MoM, YoY, distance from the 2022 peak, and May 2026 benchmark.

Single detached

May 2026 benchmark
$1,847,900
Month over month
▲ 0.4%
Year over year
▼ 6.9%
Since 2022 peak
▼ 13.6%

Source: Greater Vancouver REALTORS® monthly stats packages, June 2025 – May 2026.

Townhouse

May 2026 benchmark
$1,048,200
Month over month
▲ 0.5%
Year over year
▼ 5.1%
Since 2022 peak
▼ 8.9%

Source: Greater Vancouver REALTORS® monthly stats packages, June 2025 – May 2026.

Condo apartment

May 2026 benchmark
$697,800
Month over month
▼ 0.7%
Year over year
▼ 7.9%
Since 2022 peak
▼ 17.4%

Source: Greater Vancouver REALTORS® monthly stats packages, June 2025 – May 2026.

12-month inventory

Active listings, all property types

End-of-month active listings on the MLS® for Greater Vancouver over the last 12 months (June 2025 – May 2026). May 2026 active listings reached 16,917 — 34.6% above the 10-year seasonal average.

Source: Greater Vancouver REALTORS® monthly stats packages, June 2025 – May 2026.

12-month sales volume

Monthly total sales

Total residential transactions per month across all property types in Greater Vancouver over the last 12 months (June 2025 – May 2026). May 2026 sales totalled 2,150 — 26.6% below the 10-year seasonal average.

Source: Greater Vancouver REALTORS® monthly stats packages, June 2025 – May 2026.

12-month sales-to-active ratio

Sales-to-active ratio, by property type

A market-balance indicator across the last 12 months (June 2025 – May 2026). Below 12% suggests downward pressure on prices; above 20% suggests upward pressure. The 12–20% band is balanced.

Below 12% — Buyer's market 12–20% — Balanced Above 20% — Seller's market

Source: Greater Vancouver REALTORS® monthly stats packages, June 2025 – May 2026.

Distance from peak

How far each city is from its 2022 peak

Percentage change in MLS® HPI benchmark price from the 2022 cycle peak to May 2026, by Greater Vancouver sub-market and property type. The Greater Vancouver average is highlighted. Sub-areas with no benchmark for a given type are excluded.

Single detached
Townhouse
Condo apartment

Source: Greater Vancouver REALTORS® MLS® HPI — 2022 peak vs May 2026 stats packages.

Macro context

Inflation vs. Bank of Canada policy rate

Canada headline CPI (year-over-year) against the Bank of Canada's overnight target rate, monthly since January 2022 — the tightening cycle that cooled the post-pandemic housing peak, and the easing cycle that followed.

Sources: Bank of Canada — Consumer Price Index and overnight policy rate decisions.

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