July Sales Drop 10%: Why Vancouver's Summer Bounce Just Fizzled

Home sales across Metro Vancouver stumbled in July 2026, with the Greater Vancouver REALTORS® (GVR) reporting 2,061 residential transactions on the MLS®—a 9.8% drop from July 2025's 2,286 sales and 18.6% below the 10-year seasonal average of 2,532. The decline erased June's fleeting 10% year-over-year gain, confirming what chief economist Andrew Lis characterized as the market's persistent "one step forward, one step back" rhythm. Apartment sales bore the brunt, plunging 17.8% to 952 units, while detached homes slipped 3.2% to 639 sales and attached homes edged down 1.1% to 454 transactions.