Mid-Q2 sales reached 2,150, ↓~4% yearly and ~27% below the 10-yr seasonal avg., showing a cautious but orderly market for Metro Vancouver buyers and sellers.
Condos saw the clearest cooling: 1,009 transactions, ↓~7% yearly, with the apartment benchmark price ↓~8% to ~$698K, the largest category adjustment in the data.
Detached homes held firmer, with 660 sales ↑~1% yearly; attached sales were steadier at 463, ↓~1%, with townhouse benchmarks at ~$1.05M in Mid-Q2.
Inventory kept leverage with buyers: 16,917 active listings sat ~35% above seasonal norms, while new listings stayed slightly above long-run averages as well.
With demand tracking forecasts closely and inventory absorbing muted activity, an economist expected a calm, orderly summer market without major near-term catalysts ahead.