Vancouver Condo Sales Fall 10.7%, Average Price down 7.9%

Vancouver Condo Sales Fall 10.7%, Average Price down 7.9%
News| May 5, 2026| Monte Stewart
Canada + Apartment Buildings

Apartment-condo sales in Metro Vancouver fell 10.7% year-over-year in April to 1,009 units, while the units’ benchmark price declined 7.9% to $703,000, says the regional real estate board.

Overall residential sales registered on the MLS in Metro Vancouver totalled 2,110 in April 2026, down 2.5% from 2,163 sales in April 2025 and 22.9% below the 10-year seasonal average of 2,735.

“Last month we noted that a divergence was emerging between sales trends in the detached and multi-family segments, which continued in April,” said Andrew Lis, Greater Vancouver Realtors’ chief economist and vice-president of data analytics. “Sales of detached homes have been gaining year-over-year, while sales in the multi-family segment have declined, and this pattern is consistent across most areas. The fact this pattern is so broad-based reduces the likelihood that what we’re seeing is just a blip in the data since the momentum isn’t isolated to small pockets of the market.”

New listings totalled 6,684 in April, down 2.4% from 6,850 a year earlier but 15.5% above the 10-year seasonal average of 5,785. Total active listings reached 16,236, up 0.2% year-over-year and 37.9% above the 10-year average of 11,773.

The sales-to-active listings ratio across all property types was 13.5% in April, with ratios of 11.3% for detached homes, 15% for attached homes and 14.7% for apartments. Historical trends suggest downward pressure on prices when the ratio remains below 12%, while sustained levels above 20% typically signal upward price pressure.

“While it’s not always the case, there have been periods where the detached segment has acted as a bellwether of market sentiment, and it’s a question whether this time around this might be the case,” Lis said. “Prices across all segments remain relatively flat month over month as inventory levels remain sufficient to keep price escalation at bay. But with the detached segment picking up steam heading into the full swing of spring, it may only be a matter of time until the multi-family segments follow suit, which would slowly draw down standing inventory levels unless a surge of sellers come to market with their properties. We’ll be watching the next few months of data closely to see if pent-up demand re-enters the market heading into summer.”

The MLS Home Price Index composite benchmark price for all residential properties was $1,098,000, down 6.9% year-over-year and 0.6% from March.

Detached home sales rose 14% to 659 units, with the benchmark price falling 8.3% year-over-year to $1,840,700, down 0.8% month-over-month.

Attached home sales edged down 2% to 433 units, while the benchmark townhouse price declined 5.1% year-over-year to $1,043,400, down 0.4% from March.

Photo: Greater Vancouver Realtors

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