🎙 Vancouver Real Estate Market Update – September 2025

📊 Quick Highlights:

• Sales: 1,959 homes sold in August → up 2.9% from last year, but still 19% below the 10-year average.

• Detached Homes: Sales up 13% → 575 sold. Benchmark price: $1.95M (-4.8% year-over-year).

• Townhouses: Sales up 10.5% → 409 sold. Benchmark price: $1.08M (-3.5%).

• Condos: Sales down 5.5% → 956 sold. Benchmark price: $734K (-4.4%).

• New Listings: 4,225 → slightly above seasonal average.

• Inventory: 16,242 homes → up 17.6% year-over-year, 37% above 10-year average.

• Sales-to-Active Listings Ratio: 12.4% overall → balanced market territory.

💡 What it means:

• For Buyers: More inventory, softer prices, and room to negotiate.

• For Sellers: Detached and townhouse markets showing signs of strength with higher-end buyers re-entering.

• Looking Ahead: All eyes on the Bank of Canada rate decision this fall—it could shift momentum.