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Metro Vancouver home sales fell 9.8% year-over-year in July 2026, reversing June's brief 10% gain, with apartment sales leading the decline at 18% down. The sales-to-active listings ratio sits at 13%, keeping prices in a narrow holding pattern with benchmark values down roughly 1% monthly and 6% annually.

A B.C. legislative committee has recommended repealing the planned October 1 PST expansion to professional services including commercial real estate, accounting, and engineering—just six weeks before the tax was set to take effect, creating last-minute uncertainty for development costs and transaction planning.

Greater Vancouver home sales fell 9.8% year-over-year in July, reversing June's gains and pushing activity 18.6% below the 10-year seasonal average, while benchmark prices slipped 0.9% month-over-month to $1,088,800.
