VANCOUVER \u2014 Vancouver-area home sales and prices moved lower in April compared with last year, as the city\u2019s real estate board says the market is diverging between property types.<\/p>\n
There were 2,110 sales of residential properties in the region in April, down 2.5 per cent from the same month last year and 22.9 per cent lower than the 10-year seasonal average.<\/p>\n
While home prices have come down, many potential buyers are still \u201cconcerned about what the bottom will be for real estate values,\u201d said Tim Hill, a real estate agent with Re\/Max All Points Realty. <\/p>\n
He said that has led some to wait in case they can get a better price later on. Inventory also remains high, creating more choice for buyers, but also less urgency. <\/p>\n
\u201cFor some buyers, if they feel like there\u2019s just not the right home … they know that there\u2019ll be more product coming on. There\u2019s no shortage of new listings,\u201d said Hill.<\/p>\n
\u201cSo if you don\u2019t feel like it ticks enough boxes, the wait-and-see approach is still happening there.\u201d <\/p>\n
Despite lower activity overall, the detached segment has been picking up steam this spring, which could signal more sales to come across other property types, said Andrew Lis, Greater Vancouver Realtors\u2019 chief economist and vice-president of data analytics.<\/p>\n
A total of 659 detached homes changed hands last month, up 14 per cent year-over-year. Meanwhile, there were 1,009 condo sales, down 10.7 per cent, and 433 attached home sales, which was two per cent lower than the same month last year.<\/p>\n
\u201cSales of detached homes have been gaining year-over-year, while sales in the multi-family segment have declined, and this pattern is consistent across most areas,\u201d said Lis in a news release.<\/p>\n
\u201cWhile it\u2019s not always the case, there have been periods where the detached segment has acted as a bellwether of market sentiment, and it\u2019s a question whether this time around this might be the case.\u201d<\/p>\n
Lis added it \u201cmay only be a matter of time\u201d until the rest of the market sees a similar turnaround, which could cut into inventory levels unless a surge of sellers come to market.<\/p>\n
In April, there were 6,684 new listings on the market, down 2.4 per cent year-over-year but 15.5 per cent above the 10-year average. Total inventory ticked up 0.2 per cent annually to 16,236, which was 37.9 per cent above the long-term average.<\/p>\n
Greater Vancouver Realtors said the composite benchmark price for all types of residential properties in Vancouver was $1,098,000, a 6.9 per cent decrease from April 2025 and 0.6 per cent lower than March 2026. <\/p>\n
This report by The Canadian Press was first published May 4, 2026.<\/p>\n
Sammy Hudes, The Canadian Press<\/p>\n","protected":false},"excerpt":{"rendered":"VANCOUVER \u2014 Vancouver-area home sales and prices moved lower in April compared with last year, as the city\u2019s…\n","protected":false},"author":2,"featured_media":34035,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[525,1720,1362,95],"class_list":{"0":"post-34034","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-vancouver","8":"tag-business","9":"tag-construction","10":"tag-real-estate","11":"tag-vancouver"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/34034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=34034"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/34034\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/34035"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=34034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=34034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=34034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}