SEPTEMBER 2026 Vancouver Real Estate Update - Prices Drop To 5 ½ Year Low

Vancouver real estate has entered territory not seen in years. Home prices have fallen back to April 2021 levels, August recorded the third-lowest sales volume in more than two decades, and the presale market has virtually stopped launching new product. Metro Vancouver recorded just 1,870 sales in August, down 10% from July and 3% year-over-year. Sales were 21% below the 10-year average, with seven of the first eight months of 2026 producing fewer transactions than the already weak 2025 mar...