SALES
Q2'26 Compared to Q2'25
SFH Detached – sales UP 9.4%. Prices down 0.9 %
Townhouse – sales UP 2.8 %. Prices down 0.4%
Condo – sales down 4.2%. Prices down 1.7%
Takeaways:
- OUTSTANDING comeback by SFH with 9.4% increase in sales. MASSIVE.
- Townhouse sales are strong, up 2.8%
- Softening of condo pricing by a large margin of 1.7% over 1/4 segment of the year. Condos were the least affected by price correction in 2025, already a different story for 2026.
In the last 12 months – Home Price Index (all assets): Notable DECREASES:
- West Vancouver condos -12.0% decrease. Note: last 10 years saw 21% inc in pricing.
- Burnaby North SFH detached experienced the only 10%+ decrease (10.9%) decrease in price.
- Richmond, Vancouver East, and Westside ALL saw 9%+ decrease in pricing (SFH).
"If you own a condo/townhouse/SFH detached - just ask – I am able to supply the performance of your city and neighbourhood over the last 3 month, 6 month, and 1-year"
The BEST sales performers: in Metro Vancouver (Q2‘25) vs Q2'26 🔥🔥
- New Westminster SFH detached up 47.6%
- Burnaby SFH detached up 32.5%
- Vancouver Westside up 26.6%
The WEAKEST sales performers in Metro Vancouver (Q1‘25) vs Q1'26 ❄️
- West Vancouver townhouse down 35.3%
- Port Moody townhouses down 22.5%
- Delta condos down 19.1%
MUCH MUCH better sales #'s in Q2'26 vs Q2'25. Much less dramatic losses in weaker market segments. Limited to no price increases, mirroring limited drop in prices considering the 90 day periods. As pricing is based on Benchmark pricing, collective of ALL sales, therefore the lower priced segments can also be the affect of limited reduction of benchmark prices.
Anecdotally, well maintained and updated units sell in this market, also those in the lower 75% of asset price segments. - SC
INVENTORY
If we are going to talk about sales we must also consider inventory levels. For this segment we will consider year-to-date (Q1 and Q2) compared to same period in 2025.
Detached Down 4.7%
Townhouses UP by 4%
Condos Down by 13.1%
Additional listings to market has slowed significantly for condos. This immediately can be translated to investor owner/sellers who do not have patience for a sale, especially in vacant condos in which they experienced tenant turnover. Deciding to re-rent their units back into long term marketplace.
Total Inventory YTD:
June '26 - 34,396 Decrease of 6.7%
June '25 - 36,842
Sales-to-Active ratio reveal that detached homes are on the verge of a Sellers market, whereas townhouses and condos are on the verge of a Buyer’s market.
SALES vs INVENTORY - RATIO
If you need to sell before you buy, we will need a Strategy in place. The inventory to sales ration differ by city, asset and price point. Let's chat to see what the MICRO market sales/inventory ratio is waiting for you in your neighbourhood.
Across all of Metro Vancouver (July'26) - 13
SFH - 10.5
Townhouse - 15.8
Condo - 14
Townhouses are the strongest asset currently. As a whole we are in the weakest balanced market hinging on Buyer's market conditions.
What do these #'s mean?
0-11 - Buyer's Market,
12-19 - Balanced Market,
20+ - Seller's Market
Metro Vancouver is in a Balanced/Buyer Market
#1 lower rates have NOT stimulated the market substantially. Prices have plateaued. Sales volumes have increased. Talks of increased bond yields in USA, sets the table for similar Canadian response which could mean higher rates in the next 90 days.
Best options for borrowers:
- A longer-term, fixed-rate mortgage (5yrs) are now more appealing to purchasers. There is limited expectation of further lower rates, therefore fixed mortgages are now a more realistic option. Variable mortgages can give some flexibility to benefit from rate changes, while securing one of the lowest rates available that we have seen for a couple of years.
- I just had a conversation with a data analyst for a local lender. Feedback is that the next 8-months are the final months of the historical low mortgage rates to be renewed. This is the last Major Wave that the market has been waiting for. Watch out for more distressed sales.
For More Financial and Lending insight
Call Chad Eliason @ Quantus.
INVESTOR'S DEAL!
Condo acquisitions direct from developer. If able to purchase in bulk expands negotiating leverage even more. I have a bulk package of 10x units, that can be broken into smaller segments. Ex: Seller sales expectation of $799k. Offer $625k, try for $650k, possibly $100k ahead on day 1.
Total expected sales value $9.66M, Investor to offer and willing to close at $7M.
Tenanted at premium rates.
