Metro Vancouver home sales rise but prices keep falling, new data shows

There are early signs the number of home sales in Greater Vancouver is rising as prices fall. And there is even bidding for some properties, but the number of listings remains high.

The shift reflects a market correction underway across the region. The first half of 2026 saw higher detached home-buying activity in the Vancouver region, with 59 per cent of the 17 communities analyzed posting an increase in transactions, according to a Tuesday, July 14 report by Re/Max Canada.

Year-over-year sales growth was led by New Westminster (up 58.1 per cent), Vancouver West (23.3 per cent) and Whistler and Pemberton (20.8 per cent). In the Fraser Valley, the top-performing markets were Delta North (up 21.4 per cent), White Rock and South Surrey (20.5 per cent) and Langley (12 per cent).

But values tell a different story. Nationally, just five out of 83 markets reported year-over-year price growth, with four of them in Greater Toronto. In B.C., only Port Moody saw an increase in median price, and it was modest at 3.3 per cent. Lower values have narrowed the gap between neighborhoods, helping some buyers transition into larger homes. "In Vancouver, trade-up buyers are willing to lose on the sale on their existing home because the home that they're purchasing has seen a greater loss," the report said.

Detached inventory levels are dwindling as more product is absorbed, which could place upward pressure on values in the future, especially at more affordable price points.