GVR points to promising indicators in the detached sector despite overall cooler market
April home sales and prices in Vancouver declined from the same time last year – but Greater Vancouver Realtors (GVR) said it sees encouraging signs in the detached sector.
Sales of detached properties rose to 659 for the month, a 14% increase compared with April 2025. That contrasted sharply with softer results in the multi-family segment, where condo sales fell 10.7% year over year to 1,009 transactions and attached home sales slipped 2% to 433.
“Sales of detached homes have been gaining year-over-year, while sales in the multi-family segment have declined, and this pattern is consistent across most areas,” said Andrew Lis, the board’s chief economist and vice-president of data analytics.
“While it’s not always the case, there have been periods where the detached segment has acted as a bellwether of market sentiment, and it’s a question whether this time around this might be the case.”
Across all property types, there were 2,110 residential sales in April, down 2.5% from the same month last year and 22.9% below the 10-year seasonal average.
New supply came to 6,684 listings, 2.4% lower than a year earlier but 15.5% above the 10-year average for April. Total active inventory stood at 16,236 homes, essentially flat on an annual basis with a 0.2% increase, and 37.9% higher than the long-term average.
Prices moved lower. The composite benchmark price for all residential properties in Greater Vancouver was $1,098,000 in April, a 6.9% decrease from April 2025 and 0.6% below March 2026.
Lis indicated that if the lift in detached activity broadens to other segments without a stronger flow of new listings, those inventory levels could begin to narrow.
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