Vancouver-area home sales surged nearly 10% in June 2026 compared to the same month last year, fueled by a broad increase in demand across the region, the Real Estate Board of Greater Vancouver (REBGV) reported Thursday.
The board said 3,890 homes changed hands in June, up 9.8% from 3,543 sales in June 2025. The total also surpassed the 10-year average for the month by 2.1%.
Market conditions drive activity
New listings in June reached 6,299, a 7.4% increase from 5,866 in June 2025, but remained 5.6% below the 10-year average. The sales-to-active-listings ratio stood at 24.5%, indicating a seller's market, as prices continued to climb.
The composite benchmark price for all residential properties in Greater Vancouver rose to $1,245,600 in June, up 3.2% from June 2025 and 0.5% from May 2026.
“We’re seeing sustained demand across all property types, driven by population growth and a resilient local economy,” said REBGV economist Andrew Lis in a statement. “While inventory has improved slightly, it’s still not enough to meet the needs of buyers, which continues to put upward pressure on prices.”
Condos lead price gains
Condo apartments saw the largest year-over-year price increase, with the benchmark price reaching $812,400, up 4.1% from June 2025. Townhome prices rose 3.5% to $1,118,900, while detached home prices increased 2.8% to $2,087,500.
Sales of detached homes totaled 1,223 in June, up 8.9% from a year earlier. Condo sales rose 10.2% to 1,945 units, and townhome sales increased 9.5% to 722 units.
Demand broad-based across region
All areas of Greater Vancouver experienced sales growth, with the strongest gains in the North Shore, Burnaby, and Richmond. The board noted that first-time buyers and move-up buyers were particularly active, while investor activity remained steady.
“The market is being supported by strong employment and wage growth, as well as immigration,” Lis added. “We expect demand to remain robust through the summer months.”
The REBGV data covers all residential property types in the communities of Vancouver, Burnaby, Richmond, Surrey, Coquitlam, North Vancouver, West Vancouver, and others in the region.
