Vancouver Real Estate Market Update — October 2025

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October is typically the last active month before Vancouver’s winter slowdown — and this year brought a softer pace, more inventory, and a more balanced playing field for buyers and sellers. Here’s a clear breakdown of what happened and what it means for you.

1. The Big Picture

October delivered a quieter month for sales, but a noticeable increase in choice for buyers.

• 2,255 home sales
  → 14% lower than October 2024
  → 15% below the 10-year average

Buyers are taking their time, comparing options, and making more thoughtful decisions.

2. Listings & Supply: More Homes to Choose From

New listings held steady:

• 5,438 new listings
  → essentially unchanged year-over-year
  → 16% above the 10-year average

Total active listings continue to climb:

• 16,393 active listings
  → 13% higher than last year
  → 36% above the 10-year average

Bottom line: This is the most selection buyers have had in years.

3. Market Balance: Leaning Toward Buyers

The sales-to-active listings ratio sat at 14%, down from 19% last year.

• Below 12% = downward price pressure

• Above 20% = upward price pressure

Right now, we’re sitting in balanced territory with a slight tilt toward buyers.

By property type:

• Detached: ~11%

• Townhomes: ~18%

• Condos: ~15%

Townhomes continue to show the strongest demand.

4. Home Prices: Slight Dip Year-over-Year

Metro Vancouver’s overall benchmark price:

• $1,132,500
  → Down 3.4% year-over-year
  → Down 0.8% from September
  → Still 36% higher than 10 years ago

Price by segment:

• Detached: $1,916,400 (-4.3% YoY)

• Townhomes: $1,066,700 (-3.8% YoY)

• Condos: $718,900 (-5.1% YoY)

Despite short-term softening, long-term owners continue to see strong gains.

5. Interest Rates & Buyer Behaviour

We’ve seen four rate cuts in 2025, bringing the Bank of Canada rate to 2.25%, down from 3.75% a year ago.

Even with lower borrowing costs, buyers remain thoughtful and strategic — comparing inventory, watching pricing, and planning for long-term affordability.

6. What This Market Means for Buyers

This is one of the most balanced buyer environments in years:

• More inventory: +13% YoY, +36% vs 10-year average

• Better negotiating conditions

• Lower carrying costs thanks to falling rates

Buyers can take their time and make confident choices.

7. What This Market Means for Sellers

Success right now comes down to strategy:

• Price accurately: Buyers are selective, and overpricing stalls activity.

• Focus on presentation: Staged, well-photographed, move-in ready homes perform best.

• Stay flexible: If activity is slow after a couple of weekends, adjust early.

The demand is still out there — but buyers want value.

8. Segment Highlights

• Detached Homes: Strong opportunities in homes needing light updating.

• Townhomes: Continued demand from families and condo owners moving up.

• Condos: The most selection and some of the best relative value on the market — ideal for first-time buyers.

9. Quick Recap of Key Numbers

• Sales: 2,255 (-14% YoY, -15% vs 10-yr avg)

• New Listings: 5,438 (-0.3% YoY, +16% vs 10-yr avg)

• Active Listings: 16,393 (+13% YoY, +36% vs 10-yr avg)

• Sales-to-Active Ratio: 14% (vs 19% last year)

• Benchmark Price: $1,132,500 (-3.4% YoY; +36% vs 10 years ago)

• Interest Rate: 2.25% (vs 3.75% last year)

Final Thoughts

The Vancouver market this fall is balanced, slower, and more deliberate.
Buyers finally have breathing room, and sellers who price and prepare wisely are still achieving great outcomes.

If you’d like clarity on your neighbourhood or you're planning a move in 2026, I’d be happy to guide you through today’s conditions with confidence.

Thanks for reading — and as always, take care of your home, your wealth, and your dreams.