“With concrete returning to the presale pipeline for the first time this year, buyer urgency has not yet caught up. We continue to see a clear divergence by product type, with detached and townhome holding firmer on the resale side while apartment product lags across both regions. For rental, a significant influx of new supply is expected in the coming months, with rental rates holding steady over the past two months heading into summer.” — Melissa Nestoruk, Product Development Specialist, MLA Canada
MARKET INSIGHTS - JUNE 2026
May marked the return of concrete to the presale pipeline for the first time this year, though buyer urgency has yet to follow. Two projects launched across Metro Vancouver, introducing new supply to the market, but same-month absorption remains well below seasonal norms. In the rental market, completions increased across a broad geographic spread, with a significant influx of additional supply forecast for June, including the first meaningful return of concrete product to the rental column in 2026.
PRESALE SUMMARY
Presale activity strengthened modestly in May with the introduction of concrete product alongside continued wood-frame and townhome supply. While this marks an important shift in the composition of new inventory, absorption remains cautious and below long-term averages. Demand continues to vary by product type, with lower-density formats showing relative resilience while apartment product faces softer uptake. Despite incremental supply growth, the broader presale environment continues to reflect selective engagement rather than a broad-based acceleration in buyer activity.
PURPOSE-BUILT RENTAL SUMMARY
Rental deliveries increased in May and are forecast to rise significantly in June, representing the highest single-month completion total of the year and the first meaningful return of concrete rental supply in 2026. Inventory is expanding across both suburban and urban submarkets, positioning the market for a competitive summer leasing season. Rental rates have remained steady over recent months, even as new supply builds, suggesting stable underlying demand despite the incoming wave of completions.
RESALE SUMMARY
Resale activity remained relatively stable month-over-month across both Greater Vancouver and the Fraser Valley, though sales volumes continue to track well below historical averages. Active inventory remains elevated but is beginning to show early signs of stabilization as the pace of new listings moderates year-over-year. Pricing remains soft across both regions, with apartment product continuing to lag behind detached and townhome segments. As summer approaches, the resale market appears balanced but subdued, with product-type divergence continuing to shape performance across the region.
Coming soon! Stay tuned for our fully comprehensive overview of the macroeconomics, presale, rental and resale market video report in the June edition of the Presale Pulse.