Facebook
X
Pinterest
Copy Link
Hey Vancouver home hunters and sellers—fall might feel like the season to cozy up with a pumpkin spice latte, but the Metro Vancouver real estate market is serving up something even better for buyers: leverage. According to the latest report from Greater Vancouver REALTORS® (GVR), October’s numbers paint a clear picture of a cooling market with high inventory and slower sales. This isn’t just data; it’s a golden window for savvy moves.
The Numbers Tell the Story
Sales took a dip last month, totaling 2,255 residential properties on the MLS®—that’s a 14.3% drop from October 2024 and 14.5% below the 10-year seasonal average. Even with the Bank of Canada’s fourth rate cut of the year, buyers held back, keeping activity subdued.On the supply side, new listings edged down slightly by 0.3% year-over-year to 5,438, but active listings ballooned to 16,393—up 13.2% from last October and a whopping 35.9% above the long-term average.
The result? A sales-to-active listings ratio of just 14.2% overall (detached: 11.3%, attached: 17.6%, apartments: 15.5%). When this ratio hovers below 12% for a while, prices tend to soften—and we’re teetering right there.
Benchmark prices reflect the shift, easing across the board:
|
Property Type
|
October 2025 Sales
|
YoY Change
|
Benchmark Price
|
YoY Price Change
|
MoM Price Change
|
|---|---|---|---|---|---|
|
All Residential
|
2,255
|
-14.3%
|
$1,132,500
|
-3.4%
|
-0.8%
|
|
Detached
|
693
|
-4.3%
|
$1,916,400
|
-4.3%
|
-0.9%
|
|
Attached (Townhomes)
|
477
|
-4.8%
|
$1,066,700
|
-3.8%
|
-0.3%
|
|
Apartments
|
1,071
|
-23.1%
|
$718,900
|
-5.1%
|
-1.4%
|
As GVR Chief Economist Andrew Lis notes, “With no further rate cuts expected in 2025, conditions look as buyer-friendly as they’ve been all year.” Inventory peaked in June and has been trickling down, but it’s still the highest in years—putting downward pressure on prices.
Pro Tip: One Smart Move for Buyers and Sellers
For buyers: In this inventory-rich market, don’t just window-shop—negotiate like it’s Black Friday. Aim for concessions on closing costs or repairs; sellers are more open than usual to close deals before year-end.
For sellers: Price it right from the start to spark multiple offers. A well-staged home with a competitive ask can cut your time on market in half—think quick sale, less stress.
For sellers: Price it right from the start to spark multiple offers. A well-staged home with a competitive ask can cut your time on market in half—think quick sale, less stress.
TL;DR
- Sales down 14% YoY; inventory up 13%—buyers hold the power.
- Prices softening: Overall benchmark at $1.13M (-3.4% YoY).
- Ratio at 14% signals potential price dips ahead.
- No more rate cuts in 2025; act now for fall deals.
Ready to turn these market insights into your next big win? Drop me a line—let’s chat about your Vancouver real estate goals over coffee (virtual or real). What’s your move this season? Reply or DM to connect!
