Vancouver Housing Market Outlook 2026

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Ample Inventory Keeps Vancouver Prices Flat This Spring

According to Greater Vancouver Realtors (GVR), Metro Vancouver recorded 2,150 home sales in May 2026, down 3.5% from a year ago and a striking 27% below the 10-year seasonal average. The composite benchmark held at $1,100,700, off 6.2% over the year but essentially flat, up 0.2% from April. The story here is balance through abundance: a healthy supply of listings is comfortably soaking up muted demand, holding prices steady across the board rather than letting them swing in either direction.

• Condos are the clear soft spot, with the YoY benchmark down 7.9% to $697,800 and sales down 7.2%. The segment that dragged the overall total and feeds the same condo glut is easing rents in the city.
• Detached homes proved steadier, with sales up about 1% and a benchmark of $1,847,900 that edged 0.4% higher from April, even as it sat 6.9% below last May.
• The sales-to-active-listings ratio (SLNR) held at 13.1%, parked in the narrow band between the levels that have historically pushed prices down, and is likely the reason values are going sideways.

A flat, well-supplied Vancouver gives buyers time to choose and negotiate without fear of being priced out overnight because of financing conditions on their offer, particularly in the apartment segment. Speak with nesto mortgage experts and compare mortgage rates in Vancouver to find your most suitable mortgage strategy.

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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 May.
• The average selling price of a single-family home in Vancouver decreased by 6.5% year-over-year to $1,856,800 in May.
• The average selling price of a townhouse/multiplex in Vancouver decreased by 5.1% year-over-year to $1,048,200 in May.
• The average selling price of a condo in Vancouver decreased by 7.9% year-over-year to $697,800 in May.
• The average rent in Vancouver is now $2,712 for May.
• June 18, 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 May 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 May.

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 May.

The average rent for a 1-bedroom apartment in Vancouver was $2,385 for the month of May, 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 May, which decreased by 0.8% year over year.

Rental Price Changes by City

Rank	City	Total Average	1 Bedroom	2 Bedrooms	Year-over-Year Change
1	North Vancouver	$2,927	$2,445	$3,302	−7.7%
2	Vancouver	$2,712	$2,385	$3,330	−0.8%
3	Kanata	$2,543	$2,277	$2,812	3.30%
4	North York	$2,520	$2,136	$2,669	−1.4%
5	Toronto	$2,512	$2,212	$2,907	−0.9%
6	Coquitlam	$2,476	$2,128	$2,709	−6.6%
7	Oakville	$2,449	$2,224	$2,631	−10.3%
8	Burnaby	$2,446	$2,115	$2,727	−7.7%
9	Etobicoke	$2,431	$2,082	$2,651	−3.3%
10	Burlington	$2,384	$2,118	$2,465	−4.7%
11	Vaughan	$2,342	$2,065	$2,569	−3.2%
12	Mississauga	$2,335	$2,052	$2,448	−5.8%
13	Halifax	$2,319	$2,064	$2,570	−2.0%
14	Langley	$2,286	$1,975	$2,477	−1.1%
15	Victoria	$2,257	$2,009	$2,598	−3.9%
16	Brampton	$2,224	$1,935	$2,291	1.20%
17	Scarborough	$2,194	$1,868	$2,307	−9.1%
18	Guelph	$2,194	$1,910	$2,255	−3.4%
19	Ajax	$2,193	$1,902	$2,244	3.90%
20	Kingston	$2,179	$1,926	$2,297	10.20%
21	Barrie	$2,143	$1,918	$2,150	−3.5%
22	Ottawa	$2,140	$1,949	$2,453	−4.1%
23	East York	$2,138	$1,851	$2,345	−7.7%
24	Surrey	$2,135	$1,812	$2,249	−4.4%
25	New Westminster	$2,132	$1,892	$2,641	−4.6%
26	Waterloo	$2,106	$1,957	$2,265	−4.4%
27	Kelowna	$2,093	$1,786	$2,244	−3.7%
28	Laval	$2,063	$1,706	$2,349	11.20%
29	Cambridge	$2,062	$1,820	$2,166	−1.5%
30	Greater Sudbury	$2,043	$1,793	$2,150	−13.1%
31	Nanaimo	$2,027	$1,844	$2,244	3.10%
32	Kamloops	$2,009	$1,879	$2,113	−1.3%
33	Peterborough	$1,994	$1,751	$1,979	−0.8%
34	Airdrie	$1,991	$1,469	$1,794	1.30%
35	Hamilton	$1,989	$1,712	$2,318	10.10%
36	Montreal	$1,968	$1,789	$2,312	2.50%
37	Brossard	$1,964	$1,764	$2,114	−4.6%
38	Oshawa	$1,959	$1,737	$2,025	−2.5%
39	Brantford	$1,924	$1,791	$2,051	−0.8%
40	London	$1,917	$1,665	$2,050	−3.5%
41	Niagara Falls	$1,887	$1,660	$2,026	−5.9%
42	Calgary	$1,883	$1,534	$1,856	−4.5%
43	Kitchener	$1,879	$1,687	$2,041	−8.1%
44	St. Catharines	$1,865	$1,652	$1,942	−1.5%
45	Welland	$1,845	$1,619	$2,016	8.50%
46	Gatineau	$1,800	$1,617	$1,881	−9.8%
47	Côte Saint-Luc	$1,783	$1,485	$2,029	−13.2%
48	Windsor	$1,715	$1,522	$1,921	−1.3%
49	Winnipeg	$1,679	$1,469	$1,789	1.50%
50	Sarnia	$1,661	$1,476	$1,752	−4.6%
51	Edmonton	$1,605	$1,287	$1,641	−2.3%
52	Saskatoon	$1,572	$1,361	$1,590	3.40%
53	Red Deer	$1,561	$1,333	$1,507	−2.0%
54	Quebec City	$1,522	$1,295	$1,692	1.90%
55	Lethbridge	$1,495	$1,306	$1,518	−5.9%
56	Regina	$1,471	$1,322	$1,525	−3.2%
57	Fort McMurray	$1,384	$1,169	$1,414	−4.8%
58	Medicine Hat	$1,330	$1,197	$1,348	−3.2%
59	Lloydminster	$1,287	$1,055	$1,378	8.10%
60	St. John's	$1,139	$1,065	$1,253	4.70%

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 $13.23. 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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