Estimated reading time: 3 minutes
Metro Vancouver’s real estate market showed signs of seasonal cooling this October, with inventory up across the board and prices trending slightly downward from the previous year. Whether you’re buying your first condo, thinking about selling your detached home, or considering a townhome investment, here’s a clear, friendly breakdown of what’s happening.
See Full Stats
Detached Homes
- Total Sales: 698
- Active Listings: 6,305
- Benchmark Price: $1,916,400
- Average Days on Market: 46
- Year-over-Year Price Change: -4.3%
Detached homes continue to see softening demand, especially in higher price ranges. Average time on the market has increased, giving buyers more negotiation room.
Townhomes
- Total Sales: 381
- Active Listings: 1,974
- Benchmark Price: $1,066,700
- Average Days on Market: 35
- Year-over-Year Price Change: -3.8%
Townhomes remain popular, particularly among young families and downsizers, but rising listings are giving buyers more choice.
Condos
- Total Sales: 1,078
- Active Listings: 6,823
- Benchmark Price: $718,900
- Average Days on Market: 38
- Year-over-Year Price Change: -5.1%
Condo sales saw the sharpest drop in October, though inventory levels are fairly stable. Pricing is more attractive now for first-time buyers.
Sales-to-Active Listings Ratio
| Property Type | Sales-to-Active Ratio | Market Type |
|---|---|---|
| Detached | 11.1% | Buyer’s Market |
| Condo | 15.8% | Balanced Market |
| Townhome | 19.3% | Balanced Market |
Detached homes remain firmly in buyer’s market territory, while condos and townhomes are hovering in balanced market range.
Trends at a Glance
Month-over-Month (September to October 2025):
- Detached prices: -0.9%
- Condo prices: -1.4%
- Townhome prices: -0.3%
Year-over-Year (October 2024 to 2025):
- Detached: -4.3%
- Condo: -5.1%
- Townhome: -3.8%
Rising interest rates and a growing number of listings are easing upward price pressure across all property types.
Neighbourhood Highlights
Let’s zoom in on a few areas seeing notable activity:
- Squamish (Detached): +8.6% YoY price growth, a standout for upsizers or remote workers seeking value.
- North Vancouver (Detached): Slight gain of +0.7%, showing steady demand in this family-friendly market.
- Port Coquitlam (Townhomes): +1.8% YoY, with solid value appeal.
- Pitt Meadows (Townhomes): +0.4%, more affordable than neighboring cities.
Conversely, Burnaby East (Detached) and West Vancouver (Condos) saw steeper YoY declines of -9.3% and -12.0%, respectively.
Long-Term Price Trends
A look at the benchmark price chart on page 5 of the report shows the big picture:
- Prices peaked in early 2022, with a steady decline through late 2024.
- As of October 2025, prices remain well above pre-pandemic levels despite recent softening.
- Detached homes remain the highest-priced segment, followed by townhomes and condos.
What Should You Do Right Now?
- Detached homes offer real room to negotiate. With more listings and longer days on market, it’s a great time to shop.
- Pre-approval is key. Mortgage rates and stress test thresholds are still impacting affordability.
- Price strategically. Overpricing will likely result in extended time on market, especially in detached and condo segments.
- Staging and condition matter more than ever when buyers have options.
- Look for value in townhomes and condos. Soft prices and balanced market conditions could yield solid long-term appreciation.
- Squamish and Coquitlam stand out as areas with growth potential and livability appeal.
Ready to Take the Next Step?
Whether you’re buying your first home, upgrading, or investing in the future, we’re here to help you make confident decisions. Book a no-pressure consultation or request a free home evaluation today.
Contact details
Sayed Najibi
Personal Real Estate Corporation
Phone: 604-649-6520
Website: www.sngroup.ca