“Greater Vancouver's resale market saw sales climb year-over-year across every home type, while the Fraser Valley remains in buyer's market territory. On the rental side, a wave of summer completions is well underway across Metro Vancouver. Up in the Okanagan, presale launches have been quiet all year, but the market continues to evolve with the lifting of Kelowna's short-term rental restrictions and new rental completions, including 1333 Bertram, the region's only purpose-built concrete rental tower.” — Melissa Nestoruk, Product Development Specialist, MLA Canada
MARKET INSIGHTS - MARCH 2026
June brought modest growth in presale activity, though same-month absorption remained well below historical averages. Rental completions continued to accelerate heading into summer, with another strong month of deliveries forecast for July. While resale conditions are beginning to improve in Greater Vancouver, market performance continues to vary across regions and product types.
PRESALE SUMMARY
Five projects launched across Metro Vancouver in June, delivering a mix of product that helped increase overall supply. Despite stronger launch activity than previous months, buyer engagement remained measured, with absorption continuing to trail long-term seasonal averages. Looking ahead, presale activity is expected to slow through July as developers continue to pace new releases in response to cautious demand.
PURPOSE-BUILT RENTAL SUMMARY
Rental supply expanded significantly in June and is forecast to remain elevated through July, marking one of the strongest periods of new rental deliveries this year. As more projects complete across Metro Vancouver, leasing activity has strengthened with the summer season while rental rates have remained relatively stable. New projects such as 1333 Bertram in Kelowna also highlight the continued evolution of rental housing beyond Metro Vancouver, bringing differentiated product to markets with limited purpose-built supply.
RESALE SUMMARY
Greater Vancouver recorded its first broad-based year-over-year increase in sales across detached, townhome, and apartment product in several months, signalling improving market conditions. Meanwhile, the Fraser Valley continues to favour buyers, with sales remaining well below long-term averages despite stabilizing inventory. Across both regions, benchmark pricing remains relatively stable month-over-month but continues to sit below last year's levels, particularly in the apartment market.
Coming soon! Stay tuned for our fully comprehensive overview of the macroeconomics, presale, rental and resale market video report in the July edition of The Pulse.