Vancouver-area home sales down 3.5% in May as condo market lags: real estate board

Vancouver-area home sales down 3.5% in May as condo market lags: real estate board

Weak condo sales dragged down real estate activity in the Vancouver area last month, as prices also moved lower compared with a year ago.

Condo slowdown leads Metro Vancouver sales decline in May

Apartment buyers took a step back in Metro Vancouver last month, helping drive a decline in overall home sales, despite stable activity with other housing types Greater Vancouver Realtors (GVR) reported 2,150 residential sales across the region in May, down 3.5 per cent from May 2025 and nearly 27 per cent below the 10-year seasonal average. Apartment sales fell about seven per cent year-over-year, offsetting the modest gains in other parts of t…