Home sales in the Lower Mainland showed signs of improvement in June, remaining low but gaining traction as economic uncertainty eased and affordability improved, drawing in more buyers.

Multiple Listing Service (MLS) sales in the area, which spans Metro Vancouver and Abbotsford-Mission, reached 3,325 units. While this was 9.5 per cent lower than a year ago, it marked a narrower decline compared to the 19.5-per-cent drop seen in May. June’s sales were the fewest for that month since 2000, just shy of 2019 figures.

Sales flow showed mild momentum, with calculations pointing to a five per cent seasonally adjusted monthly gain, though still well below late 2024 and pre-pandemic levels. Data for Greater Vancouver indicates a more significant drop in apartment sales, down 16 per cent year over year, while other product types stabilized.

Many buyers held back earlier this year due to trade war uncertainty and risks to the job market. While the regional economy is less at risk, high-priced urban markets have experienced the sharpest sales reductions due to potential impacts on mortgage servicing. As uncertainty abated, buyer sentiment improved. Meanwhile, easing prices........

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