Your Vancouver Real Estate Market Update
A Realtor's Perspective With Krystian Thomas
In January we spoke of trade and speculated about the effects on Vancouver real estate. High mortgage rates were still discouraging buyers and we hoped for rate cuts. The intervening months have brought a balancing of the market, with sales generally improving month over month and our worst trade war fears have yet to materialize. After a slow start to the year, buyers have returned and seller's are eager to sell, leading to a market rich in inventory and pricing competitively being key to successful sales.
My business has largely mirrored the market, with some exceptions in the Equity Co-op market. When pricing, I research the comps and advise my clients to price effectively. Working consistently in the West End, many of my listings have water views that benefit from this sunny weather for showings. I have been scheduling multiple showings a week and offering open houses every weekend. I have also had some hard conversations with sellers who do not have flexibility on price, advising them to wait to list in the future when inventory is more favourable to sellers.
Vancouver Real Estate Market Status
- Sales: 1,875 homes sold (↑ 1.2% YoY), but still 20% below the 10-year average.
- New Listings: 6,527 homes (↑ 6.2% YoY), 20% above the seasonal average.
- Active Listings: 17,079 homes on the market (↑ 14.4% YoY), sitting 36% above long-term norms.
- Sales-to-Active Listings Ratio: 11.3% Overall (Detached: 8.5%, Attached: 12.7%, Apartments: 13.3%)
- *Experts describe Sales-to-Active Listings Rations that fall in the 12-20% as an indication of market balance, with under 12% lowering prices and over 20% causing price increases.
Vancouver Home Prices
Sellers are responding to market pressures and pricing accordingly, with a 3.2% price decrease from September 2024 and 0.7% decrease from August 2025.
- Composite Benchmark: $1,142,100 (↓ 3.2% YoY | ↓ 0.7% MoM)
- Detached Homes: $1,933,100 (↓ 4.4% YoY | ↓ 0.9% MoM)
- Apartments: $728,800 (↓ 4.4% YoY | ↓ 0.8% MoM)
- Townhomes: $1,069,800 (↓ 2.7% YoY | ↓ 0.9% MoM)
Vancouver Real Estate Sales Activity
With persistently high inventory levels and new listings at 20% above the seasonal average in September, buyers have many choices and this has an effect on overall sales activity.
- Detached: 552 sales (↑ 7% YoY)
- Apartments: 954 sales (↑ 1.5% YoY)
- Townhomes: 356 sales (↓ 5.8% YoY)
