Greater Vancouver saw a 9.6% increase in home sales in June compared to last year, with 2,390 sales, though still 12.4% below the 10-year seasonal average. Prices remained stable, with the composite benchmark at $1,099,100, down 6% year-over-year. New listings decreased 6% to 5,938, while total inventory fell 3.1% to 17,017, remaining 30.2% above the long-term average.
A recent Canada survey found ~88% see homes as overpriced, while ~69% say today's market is unfair to first-time buyers right now.
Among non-homeowners, ~55% reported no plan to buy within 12 mo; only ~6% planned a first-home purchase, keeping near-term demand focused on affordability.
For would-be buyers staying renters or with family, cost dominated: ~23% cited living costs, ~18% down payments, ~17% other priorities, ahead of mortgage rates.
Broader economic worries ranked lower: ~11% cited recession fears, ~8% job security, and ~6% trade tensions with the US as purchase barriers.
Homeowners also flagged planning lessons: >4 in 10 reported regret, led by maintenance demands and non-mortgage costs exceeding expectations in ownership today.
In Mid-Q2 2026, Canadian home resales ↑~6% MoM, marking a second straight uptick and the strongest monthly gain in 18 mo nationally.
National resale activity moved nearly in line with yearly levels, but volumes still trailed pre-pandemic avg. across most major Canadian markets currently.
New listings ↓~1% MoM, pushing Canada's sales-to-new-listings ratio to ~49%, its highest 2026 reading so far as supply tightened for buyers watching conditions.
Canada's composite price index was essentially flat MoM, with ample inventory tempering price growth despite firmer demand; national prices remained ↓~4% yearly overall.
Recovery remained fragile: labour trends, geopolitical tensions, and tariff policy were expected to shape Canada's second-half trajectory and borrowing decisions through 2026.