Metro Vancouver Market Update
Across Metro Vancouver, June sales improved compared with May, while active inventory declined across all three major property categories. Despite stronger monthly activity, benchmark prices remained lower than June 2025.
Detached Homes
Metro Vancouver recorded 747 detached-home sales, up from 662 in May. There were 6,322 active listings, and homes took an average of 39 days to sell.
The benchmark detached-home price was $1,842,900, down 7.1% year-over-year. The sales-to-active listings ratio was 11.8%, placing this segment near buyer’s-market territory.
What This Means
Detached-home buyers continue to benefit from selection and negotiating leverage. Sellers need accurate pricing, strong presentation and patience, because buyers are carefully comparing competing properties.
Condos
The condo market recorded 1,107 sales, with 6,913 active listings. The benchmark price was $695,200, down 7.1% from last year, while the average home took 39 days to sell.
The sales-to-active listings ratio reached 16%, reflecting balanced conditions.
What This Means
Condos remain one of the most accessible entry points into Metro Vancouver real estate. Sales improved in June, but buyers still have time to negotiate and complete proper due diligence.
Townhomes
Metro Vancouver recorded 389 townhome sales, compared with 354 in May. Active inventory declined to 2,137 listings, while the benchmark price settled at $1,046,200, down 5% year-over-year.
Townhomes posted the strongest sales-to-active listings ratio at 18.2%.
What This Means
Townhomes continue to attract families seeking more space without entering detached-home price ranges. Well-priced properties can generate strong interest, although buyers remain disciplined and value-conscious.
Coquitlam Market Update
Coquitlam experienced a significant increase in sales during June. Detached, condo and townhome sales all improved substantially compared with both May 2026 and June 2025.
Detached Homes
Coquitlam recorded 81 detached-home sales, up from only 47 in May and 68.8% higher than June 2025. Active inventory declined to 485 listings.
The benchmark price was $1,649,000, down 4.8% year-over-year, with homes taking an average of 32 days to sell. The sales-to-active ratio was 16.7%.
What This Means
Detached-home demand improved considerably in June. Buyers still have some negotiating room, but correctly priced homes are now receiving more attention than they did earlier in the spring.
Condos
The Coquitlam condo market recorded 112 sales, a 43.6% increase from last year and a strong improvement from 77 sales in May.
There were 627 active listings, while the benchmark price declined to $653,900, down 7.6% year-over-year. Average days on market reached 35 days, and the sales-to-active ratio was 17.9%.
What This Means
Coquitlam condos are seeing stronger transaction volume, but affordability and pricing remain central to buyer decisions. This continues to offer an attractive opportunity for first-time buyers who previously felt priced out.
Townhomes
Townhomes were Coquitlam’s strongest segment in June. Sales increased to 54, up from 30 in May and 35% higher than June 2025.
Active inventory declined significantly to 175 listings, while the benchmark price was $1,016,200, down 6.4% year-over-year. The sales-to-active ratio reached 30.9%, indicating seller’s-market conditions.
What This Means
Coquitlam townhomes have shifted into a more competitive market. Families are actively purchasing, and desirable properties may receive stronger activity when pricing and presentation are aligned with current buyer expectations.
Burke Mountain Spotlight
Burke Mountain continued to demonstrate strong family demand.
Detached homes recorded 19 sales with 64 active listings, producing a sales-to-active ratio of nearly 30%. The benchmark detached-home price was $1,982,900, slightly higher than last year by 0.4%.
Townhomes recorded 27 sales with only 56 active listings, producing a particularly strong ratio of approximately 48%. The benchmark townhome price was $1,067,900, down 10.6% year-over-year.
What This Means
Burke Mountain remains one of Coquitlam’s most active family markets. Townhome buyers should be prepared to act decisively, while detached-home sellers are benefiting from stronger demand and relatively stable values.
Port Moody Market Update
Port Moody presented a divided market in June. Detached-home sales weakened, while condos and townhomes maintained healthier activity levels.
Detached Homes
Port Moody recorded only nine detached-home sales, down 40% from June 2025. Active inventory increased to 141 listings, resulting in a sales-to-active ratio of just 6.4%.
The benchmark price was $1,947,300, down 7.3% year-over-year. Homes took an average of 27 days to sell.
What This Means
The detached segment currently provides buyers with considerable leverage. Sellers face substantial competition and must avoid relying on yesterday’s prices—because unfortunately, buyers have access to the internet.
Condos
Port Moody recorded 25 condo sales, a 25% increase from June 2025. Active listings declined to 153, while the benchmark price was $698,300, down 5.6% year-over-year.
The average condo took 32 days to sell, with a sales-to-active ratio of 16.3%.
What This Means
Port Moody condos are operating in balanced conditions. Buyers still have choices, but increased annual sales suggest that properly priced properties are attracting committed purchasers.
Townhomes
Townhome sales increased to 11, compared with seven in May. Active inventory declined to 60 listings, while the benchmark price rose month-over-month to $993,800.
Prices remain only 2% below last year, making townhomes Port Moody’s most price-resilient property category. The sales-to-active ratio reached 18.3%.
What This Means
Port Moody townhomes remain appealing to families seeking space, community and lifestyle access. Limited inventory is supporting values, particularly for well-maintained homes in desirable neighbourhoods.
Key Takeaways
1. Coquitlam Sales Accelerated
Sales increased strongly across every major property type, with townhomes entering seller’s-market conditions.
2. Port Moody Remains Highly Segmented
Detached homes favour buyers, while condos are balanced and townhomes are showing healthier demand.
3. Prices Remain Below Last Year
Most benchmark prices are still lower year-over-year, despite June’s improvement in transaction activity.
4. Pricing Determines the Outcome
The market is active, but it is not forgiving. Sellers who price based on current comparable sales are moving forward; those pricing based on emotional appreciation are collecting days on market.
Frequently Asked Questions
Is the Metro Vancouver market recovering?
June showed stronger sales activity, particularly in Coquitlam, but benchmark prices remain below last year. This suggests improving demand rather than a complete market recovery.
Which property type is currently strongest?
Townhomes are showing the strongest conditions, especially in Coquitlam and Burke Mountain, where limited inventory and family demand are creating greater competition.
Is it a good time to buy a condo?
For qualified buyers, current condo prices and inventory levels may provide attractive opportunities. Buyers have more negotiating power than during previous seller-dominated markets.
Is Port Moody currently a buyer’s market?
Port Moody detached homes are firmly favouring buyers. Condo and townhome conditions are more balanced, so the answer depends heavily on property type.
Should sellers wait for prices to recover?
Waiting may help some owners, but the right decision depends on their mortgage, next purchase and personal timeline. Selling in a softer market can still work well when the next property is also purchased at a reduced price.
Contact details
Sayed Najibi
Personal Real Estate Corporation
Phone: 604-649-6520
Website: www.sngroup.ca