Vancouver home sales experienced a slight decline of 2.5% in April compared to the same month last year, according to data released by the Real Estate Board of Greater Vancouver. However, the detached housing segment showed a positive trend, with increased activity and rising prices.
Market Overview
The board reported that total residential sales in April 2026 reached 2,450 units, down from 2,513 in April 2025. This decline was largely driven by a slowdown in condo and townhouse transactions. In contrast, detached home sales rose by 3.2% year-over-year, signaling renewed buyer interest in single-family properties.
Detached Home Demand
Detached homes accounted for 1,020 sales in April, up from 988 a year earlier. The benchmark price for a detached home increased by 1.8% to $2.1 million, while condo prices slipped 0.5% to $770,000. Board economist Andrew Lis attributed the shift to changing buyer preferences and increased inventory in the detached segment.
“We are seeing a gradual shift as buyers seek more space and outdoor areas,” Lis said. “The detached market is benefiting from improved supply and competitive pricing.”
Overall Trends
New listings in April totaled 5,100 units, a 4% increase from last year, giving buyers more options. The sales-to-active-listings ratio stood at 22%, indicating a balanced market. The board noted that while sales dipped slightly, the market remains stable with steady demand across all property types.
“The 2.5% decline is modest and reflects typical seasonal variations,” Lis added. “We expect activity to pick up in the coming months as spring progresses.”
Industry analysts point to mortgage rate stability and a resilient local economy as factors supporting the housing market. However, affordability challenges persist, particularly for first-time buyers.
The board will release May data in early June, which is expected to provide further insights into market direction.
