HomeGreater Vancouver average home prices
The benchmark price for a detached home was $2,049,000 in July 2024 — a 2.10% year-over-year increase.
The average price for a detached home was $2,122,666 in July 2024.
The benchmark price for apartment homes was $768,200 — a 0.30% year-over-year decrease.
The average price for apartment homes was $818,315 in July 2024.
The benchmark price for attached homes was $1,124,700 — a 1.40% year-over-year increase.
The average price for attached home was $1,235,789 in July 2024.
Home prices by region in Greater Vancouver
West Vancouver has the highest home price with a benchmark price of $2,609,300 in July 2024. When looking at the year-over-year percentage changes in home prices, Whistler had the largest drop in home prices with a 7.70% year-over-year decrease. Port Moody had the highest year-over-year price increase with a 2.30% increase from July 2023.
| City | Benchmark Price | 1-Year Growth |
|---|---|---|
| Lower Mainland | $1,129,300 | -1.60% |
| Greater Vancouver | $1,197,700 | -0.80% |
| Bowen Island | $1,444,200 | -1.10% |
| Burnaby East | $1,156,800 | -1.00% |
| Burnaby North | $1,018,800 | -0.30% |
| Burnaby South | $1,141,500 | -1.50% |
| Coquitlam | $1,110,800 | -2.00% |
| Ladner | $1,151,300 | -2.40% |
| Maple Ridge | $989,700 | -1.00% |
| New Westminster | $821,300 | -2.20% |
| North Vancouver | $1,384,300 | -0.60 |
| Pitt Meadows | $938,800 | -0.30% |
| Port Coquitlam | $962,200 | -0.80% |
| Port Moody | $1,140,200 | +2.30% |
| Richmond | $1,166,500 | -1.40% |
| Squamish | $1,078,100 | -3.30% |
| Sunshine Coast | $835,100 | -2.80% |
| Tsawwassen | $1,245,100 | +2.00% |
| Vancouver East | $1,217,900 | -0.80% |
| Vancouver West | $1,339,900 | -0.30% |
| West Vancouver | $2,609,300 | -1.40% |
| Whistler | $1,359,900 | -7.70% |
Home sales in Greater Vancouver
Total homes sales in the Greater Vancouver area were 2,333 — a 5.00% year-over-year decrease from the 2,455 sales the prior year. While home sales have declined form the prior year, it is a good measure to compare home sales with the 10-year average. The 10-year seasonal average is 2,831 home sales. July 2024 home sales are 17.60% lower than the 10-year average home sales.
Greater Vancouver home listings
Home listings have seen a year-over-year increase of 39.10% with 14,326 homes currently listed. The 10-year seasonal average current listings is 11,788. Home listings in July 2024 are 21.50% higher than the 10-year average.
Sales to active listings
The ratio of sales-to-active listings across all property types is 16.90% for July 2024.
Housing starts in Vancouver
Overall housing starts in Canada increased 3.20% to 255,783 in July 2024. British Columbia has SAAR housing starts of 45,790 in July 2024. Vancouver SAAR housing starts for July 2024 are 30,113 which is an increase from the prior month of 20,555 housing starts in June 2024. Vancouver actual starts are down 18% in 2024 compared to the prior year.
Canada Housing Markets
See the housing markets in Canada broken down at a national, provincial and city level with the following reports
- Canada housing market report
- Calgary housing market report
- Edmonton housing market report
- Hamilton housing market report
- Markham housing market report
- Ontario housing market report
- Ottawa housing market report
- Toronto housing market report
- Vancouver housing market report
- Waterloo housing market report
source: CREB; GVR