VANCOUVER WEST May APARTMENT MARKET
Attached please find the latest statistics from Greater Vancouver Realtors.
The News Release, after the activity recorded in May, is not exceedingly optimistic but there is the expectation of an orderly market through the summer, with values staying flat. Detached sales remain the bright spot of all sectors, yet not robust enough to cause upward pressure on prices. Meantime slow sales of apartments result in an overall average decline in value last month versus the previous May. This May saw a 3.5 percent decrease in residential sales compared to last May. Year to year newly listed properties are down 7.6 percent. Total inventory this May is one percent lower than May 2025. The composite value of all properties is 6.2 percent lower May to May.
The graph shows a three percent increase from April to May for the average condominium sale price in Metro Vancouver. This May compared to last May, the overall benchmark price of an apartment decreases 7.9 percent. Year to year the volume of condo sales declines 7.2 percent.
May 2026 versus the previous May, the benchmark price for west side condos is 6.8 percent lower. Vancouver west apartment sales dip 6.6 percent May to May. Year to year west side apartment inventory is down 11.2 percent.
From April to May, Vancouver west apartment sale rise 9.7 percent. Month to month west side condo inventory is 2 percent lower.