Vancouver Sales Dip 3.5% in May as Condo Market Lags: Why the Summer Window Looks Different for Buyers and Sellers

The Greater Vancouver real estate market continued its sluggish trajectory in May 2026, with total residential sales hitting 2,150 transactions—a 3.5 per cent decline from the same month last year and a striking 26.6 per cent below the 10-year seasonal average, according to data released by Greater Vancouver Realtors. The composite benchmark price for all property types settled at $1,100,700, representing a 6.2 per cent drop from May 2025, though prices ticked up a marginal 0.2 per cent from April 2026. The headline figure masks a deepening divergence between housing types: while detached home sales actually rose 0.9 per cent to 660 units, the apartment segment cratered with just 1,009 sales, down 7.2 per cent year-over-year and acting as the primary drag on overall market activity.