Vancouver's Summer Market Stalled: Sales Down 20%, Prices Slip 6% as Buyers Stay on the Sidelines

The Greater Vancouver REALTORS® (GVR) reported 1,869 residential sales in August 2026, a 4.6 per cent decline from the 1,959 transactions recorded in August 2025. This figure sits 20.7 per cent below the 10-year seasonal average of 2,356 sales for the month. The summer season as a whole underperformed compared to 2025, with the market's trajectory diverging from GVR's January forecast starting in May and expected to continue through year-end.