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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% year-over-year to $1,099,100 in June.
• The average selling price of a single-family home in Vancouver decreased by 6.8% year-over-year to $1,849,900 in June.
• The average selling price of a townhouse/multiplex in Vancouver decreased by 5% year-over-year to $1,046,200 in June.
• The average selling price of a condo in Vancouver decreased by 7.1% year-over-year to $695,200 in June.
• The average rent in Vancouver is now $2,723 for June.
• August 19, 2026: Today’s lowest mortgage rate in Vancouver is 4.24% 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 $1,099,100, and itdecreased of 6% compared to a year ago.

GVR also reported a sales-to-new-listings ratio (SNLR) of 40%, 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 $2,723 for the month of June.

The average rent for a 1-bedroom apartment in Vancouver was $2,392 for the month of June, which decreased by 4.1% year over year.

The average rent for a 2-bedroom apartment in Vancouver was $3,336 for the month of June, which decreased by 4.1% year over year.

Rental Price Changes by City

Rank	City	Total Average	1 Bedroom	2 Bedrooms
1	North Vancouver	$3,039	$2,588	$3,458
2	Vancouver	$2,686	$2,377	$3,255
3	Toronto	$2,580	$2,234	$2,947
4	North York	$2,565	$2,188	$2,743
5	Burnaby	$2,543	$2,159	$2,802
6	Coquitlam	$2,526	$2,134	$2,753
7	Oakville	$2,517	$2,198	$2,819
8	Kanata	$2,514	$2,230	$2,751
9	Etobicoke	$2,439	$2,094	$2,624
10	Halifax	$2,372	$2,071	$2,616
11	Burlington	$2,370	$2,075	$2,448
12	Mississauga	$2,357	$2,052	$2,445
13	Vaughan	$2,319	$2,048	$2,580
14	Victoria	$2,307	$2,016	$2,682
15	Brampton	$2,285	$2,001	$2,379
16	Langley	$2,239	$1,899	$2,457
17	Ajax	$2,234	$1,878	$2,218
18	Guelph	$2,217	$1,905	$2,280
19	Scarborough	$2,213	$1,872	$2,288
20	New Westminster	$2,190	$1,880	$2,656
21	Surrey	$2,167	$1,794	$2,239
22	Ottawa	$2,164	$1,960	$2,449
23	Barrie	$2,155	$1,863	$2,108
24	Waterloo	$2,118	$1,915	$2,234
25	Kingston	$2,100	$1,827	$2,271
26	Laval	$2,096	$1,732	$2,356
27	Nanaimo	$2,092	$1,835	$2,290
28	Kelowna	$2,091	$1,808	$2,248
29	East York	$2,050	$1,791	$2,312
30	Cambridge	$2,042	$1,847	$2,139
31	Greater Sudbury	$2,021	$1,708	$2,072
32	Oshawa	$2,002	$1,740	$2,017
33	Airdrie	$1,987	$1,441	$1,804
34	Peterborough	$1,977	$1,742	$1,957
35	Brossard	$1,970	$1,722	$2,199
36	Kamloops	$1,956	$1,731	$2,042
37	Montreal	$1,941	$1,769	$2,255
38	Niagara Falls	$1,940	$1,600	$1,980
39	Brantford	$1,936	$1,807	$2,043
40	Hamilton	$1,929	$1,654	$2,235
41	London	$1,924	$1,670	$2,058
42	Kitchener	$1,908	$1,684	$2,078
43	Calgary	$1,883	$1,513	$1,847
44	St. Catharines	$1,817	$1,558	$1,931
45	Welland	$1,779	$1,522	$1,985
46	Gatineau	$1,775	$1,592	$1,852
47	Côte Saint-Luc	$1,704	$1,441	$1,997
48	Windsor	$1,685	$1,492	$1,921
49	Sarnia	$1,680	$1,495	$1,728
50	Winnipeg	$1,663	$1,463	$1,759
51	Edmonton	$1,617	$1,282	$1,638
52	Red Deer	$1,536	$1,293	$1,509
53	Lethbridge	$1,519	$1,342	$1,571
54	Quebec City	$1,516	$1,279	$1,611
55	Saskatoon	$1,514	$1,310	$1,537
56	Regina	$1,444	$1,300	$1,540
57	Fort McMurray	$1,412	$1,221	$1,426
58	Medicine Hat	$1,359	$1,237	$1,380
59	Lloydminster	$1,348	$1,072	$1,386
60	St. John's	$1,215	$1,105	$1,314

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 4.24% and $495.28 per month on nesto’s lowest adjustable 5-year rate at 3.45%.

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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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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