Greater Vancouver
Housing Market ReviewAverage Sold Price*
*Detached, attached and apartment homes. Average = average price of each type, weighted by its sales
Transactions*
*Detached, attached and apartment homes. Average = average price of each type, weighted by its sales
Market Conditions
August 2026
Greater Vancouver - Region Breakdown
August 2026
New Westminster had the lowest benchmark property price in the market, with a benchmark price of $722,300. On the other hand, West Vancouver was the area with the highest benchmark property price, reaching $2,269,000. Additionally, Whistler saw the largest month-over-month rise in benchmark price with a 1.2% increase, while Sunshine Coast had the lowest with a -3.4% decrease.
Area | Benchmark | Monthly Change | Yearly Change | Transactions |
|---|---|---|---|---|
| Bowen Island | $1,386,600 | -0.9% | -4.3% | 9 |
| Burnaby East | $985,700 | 0.1% | -10.2% | 234 |
| Burnaby North | $883,700 | -0.8% | -7.8% | 234 |
| Burnaby South | $974,800 | -1.5% | -6.9% | 234 |
| Coquitlam | $981,400 | -0.6% | -6.4% | 150 |
| Ladner | $1,061,400 | -2.3% | -5.6% | 68 |
| Maple Ridge | $890,800 | -0.7% | -7% | 127 |
| New Westminster | $722,300 | -0.6% | -9.6% | 77 |
| North Vancouver | $1,305,600 | -0.2% | -2.5% | 138 |
| Pitt Meadows | $849,100 | -1% | -4.3% | 127 |
| Port Coquitlam | $840,300 | -3.2% | -8.5% | 60 |
| Port Moody | $1,037,400 | -0.4% | -4.3% | 50 |
| Richmond | $1,025,100 | -0.1% | -7.3% | 221 |
| Squamish | $1,076,500 | -0.6% | -3.3% | 27 |
| Sunshine Coast | $783,000 | -3.4% | -5.6% | 44 |
| Tsawwassen | $1,102,200 | -0.7% | -4.1% | 68 |
| Vancouver East | $1,111,700 | -0.9% | -6.7% | 204 |
| Vancouver West | $1,222,000 | -0.3% | -4.4% | 349 |
| West Vancouver | $2,269,000 | -1.1% | -5.8% | 52 |
| Whistler | $1,317,400 | 1.2% | -4.3% | 41 |
Transactions: GVR counts sales for wider areas than it prices. Burnaby East, North and South each show all of Burnaby; Ladner and Tsawwassen show South Delta; Maple Ridge and Pitt Meadows are counted together.
Glossary
Benchmark price
GVR's estimate of what a typical home in an area would sell for, from the MLS® Home Price Index (HPI). It prices the same kind of home every month, so it is not pushed around by which homes happened to sell. It is not an average of sale prices and usually sits below it. GVR publishes no average for individual areas, so area pages lead with the benchmark.
Composite benchmark
The benchmark for all home types together (detached, townhouse and apartment). It is the headline price of every area page.
Average price
Total dollars paid divided by the number of sales. GVR prints it for the whole region only, one figure per home type. The all-types average shown for Greater Vancouver is calculated here: each type's average weighted by its number of sales, so that markets can be compared on the same figure.
Price index (HPI)
The benchmark expressed as an index, with January 2005 = 100. An index of 310 means typical prices are 3.1 times what they were then. GVR re-estimates the index from time to time, so the changes shown are the ones GVR prints.
Detached
A house that shares no wall with another home.
Townhouse / Attached
GVR counts sales as 'attached' (townhouses, row homes, duplexes) and publishes a townhouse benchmark for the same segment. Both are shown on one card.
Apartment
A condominium unit in a low-rise or high-rise building.
Sales by area
GVR counts sales and listings for 17 areas, fewer than the 20 it prices. Burnaby East, North and South show Burnaby's sales; Ladner and Tsawwassen show South Delta's; Maple Ridge and Pitt Meadows share theirs. Each page says so where it applies.
Sales to active listings
Sales in the month divided by homes for sale at month end. GVR's rule of thumb: under 12% for a sustained period puts downward pressure on prices, over 20% pushes them up.
Data obtained from the Greater Vancouver REALTORS® (GVR) monthly statistics package reports.
The information presented on HousingPortal.ca is intended for general illustrative purposes only. While the information is believed to be reliable, it cannot be guaranteed for accuracy, completeness, or currency. Neither HousingPortal.ca and its employees, nor any other party identified in this guide/report, assumes any liability for the information provided. The views and opinions expressed by the analysts at HousingPortal.ca are their own and should not be considered as investment advice. It is recommended that you seek the advice of a licensed real estate professional before making any decisions regarding real estate investments.