Some Lower Mainland Cities Are Actually Seeing an Increase in Home Sales
Home sales in the Fraser Valley in April finally picked up after months of declines, but continued to dip slightly in Greater Vancouver.
Both Greater Vancouver Realtors (GVR) and the Fraser Valley Real Estate Board (FVREB) recently released reports on their respective jurisdictions' home sales in April 2026, showing different real-estate patterns. The Fraser Valley recorded its first year-over-year sales increase in over 12 months, while Metro Vancouver saw a modest dip — with a clear divergence emerging between detached homes gaining momentum and the condo and townhome segments softening.
Read More →The Fraser Valley is showing back-to-back monthly price gains for the first time in over a year. The composite benchmark rose for the second consecutive month to $899,200, and sales posted a year-over-year increase for the first time since early 2025 — up 7% from April of last year and 11% from March. While 9,816 active listings keep the market firmly in buyers' territory, the momentum shift is real. If you've been waiting for signs of stabilization before making a move, this may be the confirmation you were looking for.
Metro Vancouver's April market is really two markets in one. Detached home sales surged 14% year-over-year — the segment is gaining real momentum — while condo and townhome sales declined 10.7% and 2% respectively. The composite benchmark of $1,098,000 edged down just 0.6% from March, holding relatively flat. With inventory sitting 37.9% above the 10-year average and a sales-to-active ratio of 13.5%, overall conditions favour buyers. But the detached market is tightening — if that's your segment, the window of advantage may be narrowing.
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Mortgage Corner
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Current as of May 2026 • Prime Rate: 4.45%
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Kirk Slaght
Home Financing Advisor
Scotiabank
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For mortgage questions, I always point my clients to Kirk Slaght at Scotiabank — he knows his stuff and takes care of people. Whether you're a first-time buyer, moving up, refinancing, or renewing, reach out to Kirk directly and he'll find the right solution for your situation.
Whether you're thinking about buying or selling, these guides walk you through everything you need to know about the process in today's market.
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