Vancouver apartment slump drags Metro home sales down
Metro Vancouver’s residential market contracted in September, with apartment sector weakness pushing overall Multiple Listing Service (MLS) sales 8.4% below year-ago levels, according to Greater Vancouver Realtors (GVR) in British Columbia.
The region recorded 1,717 transactions last month — down from 1,875 in September 2025 — landing 25% below the 10-year seasonal average of 2,289. The aggregate figure, however, masks a market that has split along property-type lines.
“While sales were down about eight per cent overall in September, this figure hides the fact the weakness is contained to the sizeable apartment segment, which typically accounted for half of sales in any given month in recent years,” said Andrew Lis, GVR’s chief economist and vice-president of data analytics.
