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Metro Vancouver’s real estate market in July 2025 showed continued signs of recovery. Sales momentum that began in June carried through the month, while higher-than-average inventory levels kept prices relatively stable. Here’s what the latest numbers from Greater Vancouver reveal.
See Full Stats
1. Market at a Glance
- Total Sales: 2,286 homes sold (-2% YoY), 13.9% below the 10-year July average.
- New Listings: 5,642 (+0.8% YoY), 12.4% above the 10-year average.
- Active Listings: 17,168 (+19.8% YoY), 40.2% above the 10-year average.
- Sales-to-Active Ratio:
- Detached: 10.2% – Buyer’s Market
- Townhomes: 16.7% – Balanced
- Condos: 15.9% – Balanced
- Composite Benchmark Price: $1,165,300 (-2.7% YoY, -0.7% MoM)
2. Detached, Condo, and Townhome Trends
Detached Homes
- Sales: 660 (-4.1% YoY)
- Benchmark Price: $1,974,400 (-3.6% YoY, -1% MoM)
Apartments (Condos)
- Sales: 1,158 (-2.9% YoY)
- Benchmark Price: $743,700 (-3.2% YoY, -0.6% MoM)
Townhomes
- Sales: 459 (+5% YoY)
- Benchmark Price: $1,099,200 (-2.3% YoY, -0.4% MoM)
3. Area Highlights
Top-Priced Markets
- West Vancouver Detached: $3,195,500
- Vancouver West Condos: $820,200
Annual Price Gainers
- Squamish Detached: +11.2% YoY
- Whistler Condos: +0.8% YoY
Largest Annual Declines
- Tsawwassen Detached: -6.7% YoY
- Maple Ridge Condos: -4.2% YoY
4. Market Insights
According to GVR’s director of economics, the Bank of Canada’s decision to hold interest rates steady in July could help support sales in the coming months by reducing borrowing cost uncertainty.
High inventory levels, 40% above the 10-year average, mean buyers still have plenty of options. However, if the recovery in sales accelerates into the fall, sellers could regain bargaining power, potentially leading to upward price pressure.
Key Takeaways
- Market activity is improving, but prices remain under modest downward pressure.
- Detached homes are in a buyer’s market, while condos and townhomes are balanced.
- High inventory gives buyers more choice, but conditions may shift if sales keep rising.
FAQ : Metro Vancouver Real Estate – July 2025
Is Metro Vancouver a buyer’s or seller’s market?
Detached homes are in a buyer’s market, condos and townhomes are balanced.
Are home prices falling?
Yes, prices have declined across all property types year-over-year, though some areas like Squamish are seeing gains.
What’s driving the market?
Stable interest rates, improved buyer confidence, and high inventory levels.
Which areas are performing best?
Squamish and Whistler have shown the strongest year-over-year price gains.
Thinking of Buying or Selling This Summer?
Navigating the Metro Vancouver market takes data, strategy, and experience. Whether you’re upsizing, downsizing, or investing, we’ll help you take the right step at the right time. Start your Metro Vancouver property search to see what’s available right now, and when you’re ready book your virtual consultation to plan your next move with confidence.
Contact details
Sayed Najibi
Personal Real Estate Corporation
Phone: 604-649-6520
Website: www.sngroup.ca