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Vancouver Real Estate Statistics for June 2025 from Greater Vancouver Realtors


 

Home sale trend stabilizing in June

VANCOUVER, BC – July 3, 2025 – After a turbulent first half of the year, home sales registered on the MLS® across Metro Vancouver* are showing emerging signs of a recovery, down ten per cent year-over-year – halving the decline seen last month.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,181 in June 2025, a 9.8 per cent decrease from the 2,418 sales recorded in June 2024. This was 25.8 per cent below the 10-year seasonal average (2,940).

“On a trended basis, signs are emerging that sales activity is rounding the corner after a challenging first half to the year, with the year-over-year decline in sales in June halving the decline we saw in May,” said Andrew Lis, GVR’s director of economics and data analytics. “If this momentum continues, it may not be long before sales are up year-over-year, which would mark a shift toward a market with more demand than the unusually low demand we’ve seen so far this year.”

There were 6,315 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2025. This represents a 10.3 per cent increase compared to the 5,723 properties listed in June 2024. This was 12.7 per cent above the 10-year seasonal average (5,604).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 17,561, a 23.8 per cent increase compared to June 2024 (14,182). This is 43.7 per cent above the 10-year seasonal average (12,223).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for June 2025 is 12.8 per cent. By property type, the ratio is 9.9 per cent for detached homes, 16.9 per cent for attached, and 13.9 per cent for apartments.

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“As home sales regain their footing, inventory levels aren’t building as quickly as we’ve seen lately,” Lis said. “Most market segments remain in balanced market conditions, which has

generally kept prices trending sideways since the start of the year. With over 17,000 listings on the market right now, and with mortgage rates down around two per cent since last summer, buyers are enjoying some of the most favorable conditions seen in years.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,173,100. This represents a 2.8 per cent decrease over June 2024 and a 0.3 per cent decrease compared to May 2025.

Sales of detached homes in June 2025 reached 657, a 5.3 per cent decrease from the 694 detached sales recorded in June 2024. The benchmark price for a detached home is $1,994,500. This represents a 3.2 per cent decrease from June 2024 and a 0.1 per cent decrease compared to May 2025.

Sales of apartment homes reached 1,040 in June 2025, a 16.5 per cent decrease compared to the 1,245 sales in June 2024. The benchmark price of an apartment home is $748,400. This represents a 3.2 per cent decrease from June 2024 and a 1.2 per cent decrease compared to May 2025.

Attached home sales in June 2025 totalled 473, a 3.7 per cent increase compared to the 456 sales in June 2024. The benchmark price of a townhouse is $1,103,900. This represents a three per cent decrease from June 2024 and a 0.3 per cent decrease compared to May 2025.

Editor’s Note:

*Areas covered by Greater Vancouver REALTORS® include: Bowen Island, Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.



May 2024 Markey Update from Greater Vancouver Realtors


News Release

FOR IMMEDIATE RELEASE:

Buyers remain hesitant as inventory builds

VANCOUVER, BC – June 3, 2025 – May saw inventory levels across Metro Vancouver* reach another ten-year high, while home sales registered on the MLS® remained muted.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,228 in May 2025, an 18.5 per cent decrease from the 2,733 sales recorded in May 2024. This was 30.5 per cent below the 10-year seasonal average (3,206).

“While there are emerging signs that sales activity might be turning a corner, sales in May were below the ten-year seasonal average, which suggests that some buyers are still sitting on the sidelines or are being especially selective,” said Andrew Lis, GVR’s director of economics and data analytics. “On a year-to-date basis, sales in 2025 rank among the slowest to start the year in the past decade, closely mirroring the trends seen in 2019 and 2020. It’s worth noting that sales rebounded significantly in the latter half of 2020, but whether sales in 2025 might follow a similar pattern remains the million-dollar question.

Read more here



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Tracking Decline in Canadian Home Sales Since 2022, from Zoocasa


From Zoocasa:  https://www.zoocasa.com/blog/slowing-home-sales-canada-2025/

 

"After years of runaway price growth, Canada’s housing market is undergoing a significant reset, and sales volume is leading the charge. From the country’s largest metro areas to smaller, secondary cities, the pace of buying and selling has dramatically reshaped the pricing landscape, revealing a tale of two very different markets. Zoocasa used data from the Canadian Real Estate Association to analyze home sales and price changes across Canada over the past three years.  Read more here



April 2024 Vancouver Real Estate Market Report


From Greater Vancouver Realtors:

 

The spring market brings an abundance of opportunity for buyers

VANCOUVER, BC – May 2, 2025 – The slowdown in home sales registered on the Multiple

Listing Service® (MLS®) in Metro Vancouver* that began early this year continued in April,

with sales down nearly 24 per cent year-over-year.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled

2,163 in April 2025, a 23.6 per cent decrease from the 2,831 sales recorded in April 2024. This

was 28.2 per cent below the 10-year seasonal average (3,014).

“From a historical perspective, the slower sales we’re now seeing stand out as unusual,

particularly against a backdrop of significantly improved borrowing conditions, which

typically helps to boost sales,” said Andrew Lis, GVR’s director of economics and data

analytics. “What’s also unusual is starting the year with Canada’s largest trading partner

threatening to tilt our economy into recession via trade policy, while at the same time having

Canadians head to the polls to elect a new federal government. These issues have been hard

to ignore, and the April home sales figures suggest some buyers have continued to patiently

wait out the storm.”

READ MORE HERE



March 2025 Stats from Greater Vancouver Realtors


A market made for buyers is missing buyers

Home sales registered on the MLS® in the Metro Vancouver* for the month of March were the lowest going back to 2019 for the same month, while active listings continue their upward trend.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,091 in March 2025, a 13.4 percent decrease from the 2,415 sales recorded in March 2024. This was 36.8 percent below the 10-year seasonal average (3,308).

"If we can set aside the political and economic uncertainty tied to the new U.S. administration for a moment, buyers in Metro Vancouver haven’t seen market conditions this favourable in years. Prices have eased from recent highs, mortgage rates are among the lowest we’ve seen in years, and there are more active listings on the MLS® than we’ve seen in almost a decade. Sellers appear ready to engage — but so far, buyers have not shown up in the numbers we typically see at this time of year."
Andrew Lis, GVR director of economics and data analytics

There were 6,455 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in March 2025. This represents a 29 percent increase compared to the 5,002 properties listed in March 2024. This was 15.8 percent above the 10-year seasonal average (5,572).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 14,546, a 37.9 percent increase compared to March 2024 (10,552). This is 44.9 per cent above the 10-year seasonal average (10,038).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for March 2025 is 14.9 per cent. By property type, the ratio is 10.3 percent for detached homes, 21.5 per cent for attached, and 16.2 per cent for apartments.

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 percent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

Sales-to-active listings ratio - March 2025
Detached
10.3%
Attached
21.5%
Apartment
16.2%
Total 14.9%

“The current market bears resemblance to early 2023 where price trends were generally flat, and sales started the year off slowly before gaining momentum in the spring and summer months,” Lis said. 

“While market conditions overall remain balanced, it’s worth noting that the attached segment continues teetering on the threshold of a sellers’ market as a result of a chronic undersupply, with only about 2,200 active listings available for prospective buyers throughout the entire region.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,190,900. This represents a 0.6 per cent decrease over March 2024 and a 0.5 percent increase compared to February 2025.

Sales of detached homes in March 2025 reached 527, a 24.1 percent decrease from the 694 detached sales recorded in March 2024. The benchmark price for a detached home is $2,034,400. This represents a 0.8 percent increase from March 2024 and a 0.4 percent increase compared to February 2025.

Sales of apartment homes reached 1,084 in March 2025, a 10.2 percent decrease compared to the 1,207 sales in March 2024. The benchmark price of an apartment home is $767,300. This represents a 0.9 percent decrease from March 2024 and a 1 percent increase compared to February 2025.

Attached home sales in March 2025 totalled 472, a 4.6 percent decrease compared to the 495 sales in March 2024. The benchmark price of a townhouse is $1,113,100. This represents a 0.8 percent decrease from March 2024 and a 0.2 percent increase compared to February 2025.

 

 

* Areas covered by Greater Vancouver REALTORS® include: Bowen Island, Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.

 


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