Metro Vancouver Market Update - Fall 2025

The Metro Vancouver real estate market is shifting again—and this time, it’s opening doors for both buyers and sellers. Mortgage rates are easing, inventory is climbing, and prices are finally showing signs of balance. Whether you’re planning a move or just keeping an eye on the market, here’s what’s happening now.

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Condo Market

The condo market is cooling, giving buyers more breathing room.

• Benchmark Price: $734,400 (↓ 4.4% year-over-year)
• Price per Sq.Ft. (Downtown Core): ~$1,206/ft² (↓ 4.6% YoY)
• Market Balance: Sales-to-active listings ratio around 14%, signalling a balanced market.

Neighbourhoods like Mount Pleasant and Fraser remain resilient thanks to family-friendly layouts and limited new supply, while Downtown/Yaletown see softer investor demand.

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Townhouse Market

Townhouses continue to shine as the family favourite.

• Benchmark Price: $1,079,600 (↓ 3.5% YoY)
• Sales: Up 10.5% YoY in August despite higher inventory.
• Market Lean: Slightly favouring sellers with a sales-to-active ratio of 15.8%.

Families seeking space and private outdoor areas are driving demand in Burnaby, Coquitlam, and East Vancouver.

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Detached Homes

Detached homes are finding new momentum as rates drop.

• Benchmark Price: $1.95M (↓ 4.8% YoY)
• Sales Activity: +13% YoY in August.
• Inventory: Roughly 10+ months of supply, creating negotiation opportunities.

East Van and the North Shore remain active, while luxury West Side properties are seeing longer days on market.

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What’s Driving the Shift?

• Interest Rates: The Bank of Canada cut rates to 2.50% in September, improving affordability.
• Immigration Trends: Growth is steady but moderating, slightly easing pressure on supply.
• Investor Pullback: Speculation taxes and high inventory continue to temper investor activity.

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Sources: Greater Vancouver REALTORS® (August 2025 MLS® data), CREA, BCREA, Bank of Canada.
Data current as of September 2025.