Fall market favours buyers
VANCOUVER, B.C. – October 2, 2025 – Another Bank of Canada rate cut and easing prices helped home sales registered on the MLS® in Metro Vancouver* edge higher relative to September last year.The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,875 in September 2025, a 1.2 per cent increase from the 1,852 sales recorded in September 2024. This was 20.1 per cent below the 10-year seasonal average (2,348).
“With another cut to Bank of Canada’s policy rate behind us, and markets pricing in at least one more cut by the end of the year, Metro Vancouver homebuyers have reason to be optimistic about the fall market,” said Andrew Lis, GVR’s director of economics and data analytics. “Easing prices, near-record high inventory levels, and increasingly favourable borrowing costs are offering those looking to purchase a home this fall with plenty of opportunity.”
📊 Market Overview
- Sales: 1,875 homes sold in September 2025 → up 1.2% YoY, but 20% below the 10-year average.
- Listings: 6,527 new listings → up 6.2% YoY and 20% above the 10-year average.
- Active inventory: 17,079 homes available → up 14.4% YoY, 36% above the 10-year average.
- Sales-to-active listings ratio: 11.3% overall (Detached 8.5%, Townhomes 12.7%, Condos 13.3%) → firmly a buyer’s market.
💰 Prices
- Overall benchmark price: $1,142,100 → down 3.2% YoY, 0.7% MoM.
- Detached homes: $1,933,100 → down 4.4% YoY, 0.9% MoM.
- Townhomes: $1,069,800 → down 2.7% YoY, 0.9% MoM.
- Apartments: $728,800 → down 4.4% YoY, 0.8% MoM.
🏠 For Buyers
- Favourable conditions: High inventory, falling prices, and lower borrowing costs after Bank of Canada rate cuts.
- Opportunity to negotiate: Many segments, especially detached, are under 12% sales-to-listings ratio → downward pressure on prices.
- Apartments most resilient: Slightly higher sales activity compared to detached and attached.
🏡 For Sellers
- Challenging market: Prices trending down across all property types. Sellers need to be strategic with pricing.
- Longer selling times likely with inventory at near-record highs.
- Competitive edge: Well-priced, updated, or unique properties will stand out and still attract demand.
- Detached homes hardest hit: Strongest year-over-year price declines compared to condos/townhomes.
✅ Bottom Line:
The market currently favours buyers with more selection and softer prices, while sellers face pressure to price aggressively to secure a sale.
WESTSIDE