August brought the usual end-of-summer slowdown to Metro Vancouver, with buyers remaining selective and sales activity continuing to lag behind last year.

• 1,869 homes sold in August, down 4.6% from August 2025.

• Sales were 20.7% below the 10-year seasonal average, reinforcing that we remain in a slower market.

• 4,100 new listings came to market, down 3% from last August.

• The overall sales-to-active listings ratio was 12.3%, sitting right around the level where downward pressure on prices can begin if it continues.

By Property Type

• Detached: 557 sales, down 3.1% year-over-year. The benchmark price was $1,799,400, down 7.2% from last year and 1.3% from July.

• Apartments: 891 sales, down 6.8% year-over-year. The benchmark price was $686,200, down 6.6% from last year and 0.3% from July.

• Townhouses: 412 sales, up slightly by 0.7% year-over-year. The benchmark price was $1,028,800, down 4.4% from last year and 0.2% from July.

What Does This Mean?

August continued to favour buyers, with more choice, less urgency and generally more room to negotiate. Prices have continued to soften, particularly in the detached and apartment markets.

For sellers, pricing matters. Buyers are watching the market carefully and are less likely to pursue a property they feel is priced above current market value.

For buyers, the slower pace can create opportunities to take your time, negotiate and include conditions that may have been more difficult in a busier market.

As we head into the fall market, September will give us a better indication of whether activity picks up after the summer or whether the slower pace continues.