By Sammy Hudes
There have been 2,110 gross sales of residential properties within the area in April, down 2.5% from the identical month final yr and 22.9% decrease than the 10-year seasonal common.
Whereas house costs have come down, many potential patrons are nonetheless “involved about what the underside shall be for actual property values,” mentioned Tim Hill, an actual property agent with Re/Max All Factors Realty.
He mentioned that has led some to attend in case they’ll get a greater worth in a while. Stock additionally stays excessive, creating extra selection for patrons, but additionally much less urgency.
“For some patrons, in the event that they really feel like there’s simply not the precise house … they know that there’ll be extra product approaching. There’s no scarcity of recent listings,” mentioned Hill. “So when you don’t really feel prefer it ticks sufficient bins, the wait-and-see strategy continues to be occurring there.”
Regardless of decrease exercise general, the indifferent phase has been selecting up steam this spring, which may sign extra gross sales to return throughout different property varieties, mentioned Andrew Lis, Better Vancouver Realtors’ chief economist and vice-president of knowledge analytics.
A complete of 659 indifferent properties modified arms final month, up 14% year-over-year. In the meantime, there have been 1,009 rental gross sales, down 10.7%, and 433 connected house gross sales, which was two per cent decrease than the identical month final yr.
“Gross sales of indifferent properties have been gaining year-over-year, whereas gross sales within the multi-family phase have declined, and this sample is constant throughout most areas,” mentioned Lis in a information launch.
“Whereas it’s not all the time the case, there have been intervals the place the indifferent phase has acted as a bellwether of market sentiment, and it’s a query whether or not this time round this could be the case.”
Lis added it “might solely be a matter of time” till the remainder of the market sees an analogous turnaround, which may minimize into stock ranges except a surge of sellers come to market.
In April, there have been 6,684 new listings available on the market, down 2.4% year-over-year however 15.5% above the 10-year common. Complete stock ticked up 0.2% yearly to 16,236, which was 37.9% above the long-term common.
Better Vancouver Realtors mentioned the composite benchmark worth for every type of residential properties in Vancouver was $1,098,000, a 6.9% lower from April 2025 and 0.6% decrease than March 2026.
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Final modified: Might 4, 2026
