VANCOUVER – Weak condo sales dragged down real estate activity in the Vancouver area last month, as prices also moved lower compared with a year ago.
The city’s real estate board says there were 2,150 home sales in the region in May, down 3.5 per cent from the same month last year and 26.6 per cent below the 10-year seasonal average.
The composite benchmark price for all types of residential properties in Vancouver was $1,100,700, a 6.2 per cent decrease from May 2025, but 0.2 per cent higher than April 2026.
Andrew Lis, Greater Vancouver Realtors’ chief economist and vice-president of data analytics, says market watchers should expect a “calm and orderly” summer selling season, as “no obvious near-term catalysts loom over the horizon to move the market significantly in either direction.”
Last month, there were 6,115 new listings on the market, down 7.6 per cent year-over-year but 1.3 per cent above the 10-year average.
Total inventory fell one per cent annually to 16,917, which was 34.6 per cent above the long-term average.
This report by The Canadian Press was first published June 2, 2026.
