09/04/2025
“The August sales figures add further confirmation that sales activity across Metro Vancouver appears to be recovering, albeit somewhat slowly, from the challenging first half of the year,” said Andrew Lis, GVR’s director of economics and data analytics. “Sales in the detached and attached segments are up over ten per cent from last August, which suggests buyers shopping in more expensive price points are re-entering the market in a meaningful way.”
Here’s the scoop on the latest stats:
• Total Sales: 1,959 residential sales in August 2025, down from 2,286 in July (-14%).
• Inventory: 16,242 active listings, slightly lower than July’s 17,000+ but still well above seasonal averages.
• Benchmark Price: $1,150,400, a 1.3% decline from July’s $1,165,300.
“Prices have eased around two per cent since the start of the year and are down about one per cent month over month in August, signalling that sellers have been willing to lower price expectations,” Lis added. “As sellers’ and buyers’ expectations have become more aligned, transaction volume has picked up. Newly listed properties remain in line with their ten-year seasonal average however, which when paired with increasing sales activity, is likely to diminish the available inventory. This also means the window of plentiful opportunity for buyers may soon begin closing if these trends continue.” - Andrew Lis
