Metro Vancouver July 2025 Market Update

Metro Vancouver Housing Market: Signs of Recovery in July

Metro Vancouver’s housing market is showing signs of bouncing back. Home sales in July 2025 were just 2% lower than last year, pointing to continued recovery after a slow start to the year.

📉 Sales Snapshot

• 2,286 homes sold in July (vs. 2,333 in July 2024)

• Still 13.9% below the 10-year average, but momentum is building

• The Bank of Canada held interest rates steady, which may help boost buyer confidence moving forward

“We’re seeing early signs of a market turning the corner,” says Andrew Lis, GVR Director of Economics.

🏘️ More Homes for Sale = More Options

• 5,642 new listings hit the market (up 0.8% from last year)

• 17,168 total active listings—that’s a 19.8% increase year-over-year

• Inventory is 40% above the 10-year average, giving buyers plenty of choice

“This level of inventory gives buyers a lot more selection—and keeps prices steady for now,” says Lis.

📊 Market Conditions: Balanced

• Sales-to-active listings ratio: 13.8%

  • Detached: 10.2%

  • Townhomes: 16.7%

  • Condos: 15.9%

• This means it’s still a balanced market, not strongly favoring buyers or sellers

💰 Prices Hold Steady (With Slight Declines)

• Overall benchmark price: $1,165,300

  • Down 2.7% from last year

  • Down 0.7% from last month

By property type:

• Detached homes: $1,974,400 (↓ 3.6% YoY)

• Apartments: $743,700 (↓ 3.2% YoY)

• Townhomes: $1,099,200 (↓ 2.3% YoY)

✅ What This Means for You

Buyers:
✔️ More inventory = more selection
✔️ Stable prices = less pressure to rush
⚠️ But if demand picks up, conditions could shift

Sellers:
✔️ A balanced market means serious buyers are out there
⚠️ Pricing competitively is still key

Bottom Line:
The Metro Vancouver market is showing signs of life again, with inventory up, prices holding steady, and buyer activity slowly rebounding. It's not a hot market yet—but it’s heating up.