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Vancouver Posts Broad Gains Across Every Home Type

According to Greater Vancouver Realtors (GVR) for June 2026, residential sales rose 9.6% year over year to 2,390 units, still about 12.4% below the 10-year seasonal average, while the composite benchmark price fell 6% to $1,099,100.

• The composite benchmark price came in at $1,099,100, down 6% year over year and essentially flat from May, with detached, attached, and apartment benchmarks all easing by similar margins.
• Total active listings reached 17,017, up 30.2% versus the 10-year average, even as new listings fell 6% year over year, keeping the sales-to-active-listings ratio in soft-to-neutral territory at 14.6%.
• Every property type posted a sales gain, led by detached homes at 13.7% year over year, a breadth GVR calls unusual for the current cycle.

GVR Chief Economist Andrew Lis calls June’s across-the-board sales gains a rare occurrence in recent years, though he cautions prices haven’t moved because standing inventory has been large enough to absorb the extra demand; slowing new listings could mean that inventory has stopped climbing, though he says it is still too early to call. RBC’s Robert Hogue notes Vancouver’s affordability has improved the most of any major market this year, even though it remains the country’s least affordable at 84.1% of income. Rentals.ca puts June asking rent at $2,715, down 4.1% year over year but posting a monthly gain alongside Toronto.

If broader demand has you thinking about your own next move to Vancouver, speak with nesto mortgage experts and compare current mortgage rates in Vancouver.

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Vancouver Housing Market Highlights

• The average selling price of a home in Vancouver decreased by 6.2% year-over-year to $1,100,700 in June.
• The average selling price of a single-family home in Vancouver decreased by 6.5% year-over-year to $1,856,800 in June.
• The average selling price of a townhouse/multiplex in Vancouver decreased by 5.1% year-over-year to $1,048,200 in June.
• The average selling price of a condo in Vancouver decreased by 7.9% year-over-year to $697,800 in June.
• The average rent in Vancouver is now $2,712 for June.
• July 20, 2026: Today’s lowest mortgage rate in Vancouver is 4.09% for a 5-year fixed.

Data from the Greater Vancouver Realtors (GVR) indicates that the average price of resale residential homes sold across Vancouver in June was $1,100,700, and itdecreased of 6.2% compared to a year ago.

GVR also reported a sales-to-new-listings ratio (SNLR) of 35%, indicating Buyers market conditions in Vancouver for June.

Composite Home Prices

Single-family Home Prices

Townhouse and Multiplex Prices

Condo Prices

Transactions –  Number of Sales

New Listings

Real Estate Market

The sales-to-new-listings ratio (SNLR) measures the number of home sales compared to new listings. An SNLR below 40% suggests a buyer’s market, where buyers have the upper hand and greater negotiating power. An SNLR between 40% and 60% is a balanced market, while an SNLR of over 60% is considered a seller’s market. 

Annual Changes to Composite Home Prices in Vancouver

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Vancouver Market Rents Snapshot

The average rent in Vancouver was $2,712 for the month of June.

The average rent for a 1-bedroom apartment in Vancouver was $2,385 for the month of June, which decreased by 6.3% year over year.

The average rent for a 2-bedroom apartment in Vancouver was $3,330 for the month of June, which decreased by 0.8% year over year.

Rental Price Changes by City

Rank	City	Total Average	1 Bedroom	2 Bedrooms
1	North Vancouver	$2,983	$2,457	$3,363
2	Vancouver	$2,723	$2,392	$3,336
3	North York	$2,563	$2,154	$2,765
4	Kanata	$2,551	$2,282	$2,766
5	Toronto	$2,543	$2,213	$2,912
6	Burnaby	$2,522	$2,135	$2,766
7	Coquitlam	$2,504	$2,083	$2,687
8	Oakville	$2,438	$2,170	$2,657
9	Etobicoke	$2,427	$2,084	$2,629
10	Burlington	$2,381	$2,064	$2,470
11	Mississauga	$2,360	$2,056	$2,437
12	Halifax	$2,351	$2,051	$2,628
13	Langley	$2,285	$1,965	$2,439
14	Vaughan	$2,277	$2,028	$2,586
15	Victoria	$2,258	$1,999	$2,642
16	Brampton	$2,231	$1,962	$2,355
17	Ajax	$2,217	$1,834	$2,262
18	Scarborough	$2,210	$1,862	$2,292
19	Guelph	$2,193	$1,901	$2,276
20	Surrey	$2,187	$1,803	$2,239
21	Ottawa	$2,179	$1,956	$2,462
22	Barrie	$2,144	$1,874	$2,164
23	New Westminster	$2,132	$1,888	$2,640
24	Waterloo	$2,115	$1,918	$2,253
25	Kingston	$2,111	$1,875	$2,232
26	Kelowna	$2,110	$1,831	$2,241
27	Nanaimo	$2,102	$1,847	$2,313
28	Laval	$2,089	$1,726	$2,350
29	East York	$2,077	$1,829	$2,335
30	Cambridge	$2,075	$1,836	$2,141
31	Airdrie	$2,027	$1,477	$1,814
32	Peterborough	$2,000	$1,755	$1,968
33	Brossard	$1,987	$1,708	$2,246
34	Greater Sudbury	$1,980	$1,702	$2,140
35	Oshawa	$1,966	$1,740	$2,015
36	Montreal	$1,951	$1,780	$2,257
37	Kamloops	$1,949	$1,796	$2,034
38	Hamilton	$1,939	$1,680	$2,255
39	London	$1,932	$1,664	$2,068
40	Brantford	$1,923	$1,779	$2,029
41	Calgary	$1,886	$1,515	$1,853
42	Kitchener	$1,865	$1,662	$2,048
43	Niagara Falls	$1,861	$1,607	$1,976
44	St. Catharines	$1,827	$1,570	$1,904
45	Gatineau	$1,781	$1,593	$1,888
46	Welland	$1,762	$1,533	$1,937
47	Côte Saint-Luc	$1,705	$1,450	$1,971
48	Windsor	$1,702	$1,488	$1,921
49	Winnipeg	$1,678	$1,472	$1,770
50	Sarnia	$1,664	$1,477	$1,709
51	Edmonton	$1,610	$1,292	$1,632
52	Saskatoon	$1,544	$1,341	$1,561
53	Lethbridge	$1,534	$1,321	$1,543
54	Quebec City	$1,508	$1,292	$1,675
55	Red Deer	$1,508	$1,337	$1,499
56	Regina	$1,457	$1,309	$1,523
57	Fort McMurray	$1,413	$1,212	$1,443
58	Medicine Hat	$1,370	$1,238	$1,374
59	Lloydminster	$1,306	$1,026	$1,378
60	St. John's	$1,172	$1,061	$1,268

Average Rent by City
Source: Rentals.ca Network Data & Urbanation Inc.

Rental Price Changes by Province

Rental Price Growth by Housing Type

How Does Renting Compare with Homeownership in Vancouver?

Each $100,000 in mortgage balance costs an average of $530.91 per month on nesto’s lowest fixed 5-year rate at 4.09% and $495.28 per month on nesto’s lowest adjustable 5-year rate at 3.40%.

For each $100,000 in mortgage balance, a 0.25% change in Canada’s policy rate impacts the monthly payment by $13.42. The rates used for calculation are those offered for insured purchases with less than a 20% downpayment and a 25-year amortization. Canada’s policy rate is 2.25%, and nesto’s prime rate is set to 4.45%.

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Frequently Asked Questions (FAQ) About the Vancouver Housing Market Outlook for 2026

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Why Choose nesto

At nesto, our commission-free mortgage experts, certified in multiple provinces, provide exceptional advice and service that exceeds industry standards. Our mortgage experts are salaried employees who provide impartial guidance on mortgage options tailored to your needs and are evaluated based on client satisfaction and the quality of their advice. nesto aims to transform the mortgage industry by providing honest advice and competitive rates through a 100% digital, transparent, and seamless process.

nesto is on a mission to offer a positive, empowering and transparent property financing experience – simplified from start to finish.

Contact our licensed and knowledgeable mortgage experts to find your best mortgage rate in Canada.

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