Key Market Metrics & Trends

Sales Activity & Inventory

In September 2025, 1,875 homes sold across Metro Vancouver — up 1.2% year-over-year, but still well below the 10-year seasonal average.
Active listings hit 17,079, marking a 14.4% increase from the same time last year — a strong signal that buyers have more options to choose from.For attached homes (townhomes and duplexes), new listings jumped 35%, sales dipped 8%, and inventory surged 51% compared to 2024. The takeaway? Supply is catching up to demand, easing pressure on buyers.

Prices

The composite benchmark price for all property types in Metro Vancouver sat around $1,142,100, down about 3.2% year-over-year.Here’s how it breaks down:

• Detached homes: $1,935,800 (↓ 4%)
• Townhomes/multiplexes: $1,069,800 (↓ 2.7%)
• Condos/apartments: $728,800 (↓ 4.4%)

Another data set shows an average price of $1.37 million (Zolo, mid-October) — reflecting small monthly gains but a modest yearly dip.

Market Conditions & Buyer/Seller Dynamics

The sales-to-new-listings ratio (SNLR) sits around 29%, a clear indicator of a buyer’s market.
Analysts describe September 2025 as a “return to balance” — calmer conditions, longer days on market, and less urgency among buyers.Interestingly, townhomes have remained relatively steady, even posting a slight 2.4% price gain in some neighbourhoods despite higher inventory levels.

Supply & New Construction

Developers are taking a breather. October 2025 saw only 7 pre-sale launches (roughly 713 units), about half the usual monthly volume.
This signals cautious sentiment amid tighter financing and moderated buyer demand.Meanwhile, the rental market continues to expand with a rising number of purpose-built rental projects, which could bring short-term pressure to vacancy rates and pricing.

Macro & Sentiment Factors

Across Canada, the fall housing market is described as “low-key” — cautious optimism but few major moves.
Both Metro Vancouver and Fraser Valley real estate boards continue to classify conditions as buyer-leaning.Forecasts from RBC and NerdWallet suggest that the broader Canadian market is likely to stabilize through late 2025, with moderate activity and fewer dramatic price swings than last year.

💡 What This Means for You

🏠 Buyers:
With more listings, softer prices, and lower competition, the fall season offers a strong window to negotiate and explore options that may have been out of reach a year ago.🏡 Sellers:
Expect more competition. Pricing, presentation, and timing are key — overpricing in this market can cause your listing to sit.🏗️ Developers:
Cautious launch strategies reflect a market in reset mode. Many are waiting for rate cuts or confidence boosts before initiating new builds.💼 Investors & Landlords:
Rental inventory growth means more choice for tenants but tighter margins for landlords. Be strategic about unit type, neighbourhood, and tenant retention.