Signs of a Summer Turnaround ?
As we roll through the summer months, Metro Vancouver’s housing market is beginning to show stronger signs of recovery. Following an early shift in June, July 2025 data confirms that buyers and sellers alike are gaining confidence despite lingering economic uncertainties and steady interest rates.
Home Sales Show Continued Improvement
According to Greater Vancouver REALTORS® (GVR), 2,286 homes were sold in July, down just 2% from July 2024. While still 13.9% below the 10-year seasonal average, this figure reinforces the trend of increasing activity that first began in June.
“The June data showed early signs of sales activity turning a corner, and these latest figures confirm the trend,” says Andrew Lis, Director of Economics and Data Analytics at GVR.
Though the Bank of Canada held rates steady in July, this decision may be helping stabilize buyer sentiment by reducing uncertainty around borrowing costs.
Inventory Levels Holding Steady – Good News for Buyers (For Now)
A total of 5,642 homes were newly listed in July 2025, up 0.8% from the previous year. Active listings now total 17,168 properties, nearly 20% more than July 2024 and 40.2% above the 10-year average. This level of supply is keeping home prices stable, giving buyers more selection and bargaining power, for now.
“Although sales activity is recovering, current inventory levels are high enough to keep prices relatively flat,” notes Lis. “But if the pace of sales picks up, the balance could tip in favour of sellers.”
Benchmark Prices: A Slight Dip Across All Property Types
Across Metro Vancouver, the benchmark price for all residential properties in July was $1,165,300, a 2.7% decrease from July 2024 and a 0.7% drop from June 2025.
Breakdown by property type:
Detached homes:
Sales: 660 (down 4.1% YoY)
Benchmark price: $1,974,400 (↓ 3.6% YoY, ↓ 1% MoM)
Apartments:
Sales: 1,158 (↓ 2.9% YoY)
Benchmark price: $743,700 (↓ 3.2% YoY, ↓ 0.6% MoM)
Townhomes:
Sales: 459 (↑ 5% YoY – the only property type with growth)
Benchmark price: $1,099,200 (↓ 2.3% YoY, ↓ 0.4% MoM)
What This Means for Buyers and Sellers
For Buyers: You still have strong leverage with a wide selection of inventory and stable pricing. However, these conditions may not last if sales momentum builds in the fall.
For Sellers: Price growth is muted, but properties are still moving. Homes priced correctly and marketed well are finding buyers.
Final Thoughts
The Vancouver real estate market is showing cautious optimism. While prices have dipped slightly, the growing sales activity and healthy inventory levels suggest we’re entering a more balanced phase. Whether you're considering buying or selling, now is a smart time to review your options before the fall market heats up.
📲 Have questions about how this market affects your plans? Let’s chat!
778-792-4226
