While Vancouver’s residential market saw a cooling trend this April, with total sales sliding 2.5% year-over-year, local industry experts are pointing to a potential ‘silver lining.’ Data from Greater Vancouver Realtors (GVR) reveals a surprising 14% surge in detached home sales compared to April 2025. This uptick stands in contrast to the multi-family sector, where condo and attached home sales dipped by 10.7% and 2%, respectively.
Andrew Lis, GVR’s chief economist, suggests the detached segment may be acting as a bellwether for broader market sentiment. Despite a composite benchmark price of $1,098,000—a 6.9% decrease from last year—inventory levels remain high. For GTA observers, this trend highlights a shifting preference that echoes the cyclical nature of urban real estate. As we monitor these fluctuations, it remains to be seen if this detached momentum will extend to other segments. For the full breakdown of these regional trends, read the original article at mpamag.com.
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