VANCOUVER, BC – July 3, 2025
The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled
2,181 in June 2025, a 9.8 per cent decrease from the 2,418 sales recorded in June 2024. This
was 25.8 per cent below the 10-year seasonal average (2,940).
“On a trended basis, signs are emerging that sales activity is rounding the corner after a
challenging first half to the year, with the year-over-year decline in sales in June halving the
decline we saw in May,” said Andrew Lis, GVR’s director of economics and data analytics. “If
this momentum continues, it may not be long before sales are up year-over-year, which
would mark a shift toward a market with more demand than the unusually low demand
we’ve seen so far this year.”
There were 6,315 detached, attached and apartment properties newly listed for sale on the
Multiple Listing Service® (MLS®) in Metro Vancouver in June 2025. This represents a 10.3 per
cent increase compared to the 5,723 properties listed in June 2024. This was 12.7 per cent
above the 10-year seasonal average (5,604).
The total number of properties currently listed for sale on the MLS® system in Metro
Vancouver is 17,561, a 23.8 per cent increase compared to June 2024 (14,182). This is 43.7 per
cent above the 10-year seasonal average (12,223).
Across all detached, attached and apartment property types, the sales-to-active listings ratio
for June 2025 is 12.8 per cent. By property type, the ratio is 9.9 per cent for detached homes,
16.9 per cent for attached, and 13.9 per cent for apartments.
Analysis of the historical data suggests downward pressure on home prices occurs when the
ratio dips below 12 per cent for a sustained period, while home prices often experience
upward pressure when it surpasses 20 per cent over several months.
“As home sales regain their footing, inventory levels aren’t building as quickly as we’ve seen
lately,” Lis said. “Most market segments remain in balanced market conditions, which has
generally kept prices trending sideways since the start of the year. With over 17,000 listings on
the market right now, and with mortgage rates down around two per cent since last summer,
buyers are enjoying some of the most favourable conditions seen in years.”
The MLS® Home Price Index composite benchmark price for all residential properties in
Metro Vancouver is currently $1,173,100. This represents a 2.8 per cent decrease over June
2024 and a 0.3 per cent decrease compared to May 2025.
Sales of detached homes in June 2025 reached 657, a 5.3 per cent decrease from the 694
detached sales recorded in June 2024. The benchmark price for a detached home is
$1,994,500. This represents a 3.2 per cent decrease from June 2024 and a 0.1 per cent
decrease compared to May 2025.
Attached home sales in June 2025 totalled 473, a 3.7 per cent increase compared to the 456
sales in June 2024. The benchmark price of a townhouse is $1,103,900. This represents a three
per cent decrease from June 2024 and a 0.3 per cent decrease compared to May 2025.
After a turbulent first half of the year, home sales registered the MLS® across Metro Vancouver* are showing emerging signs of a recovery, down ten per cent year-over-year – halving the decline seen last month.
The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled
2,181 in June 2025, a 9.8 per cent decrease from the 2,418 sales recorded in June 2024. This
was 25.8 per cent below the 10-year seasonal average (2,940).
“On a trended basis, signs are emerging that sales activity is rounding the corner after a
challenging first half to the year, with the year-over-year decline in sales in June halving the
decline we saw in May,” said Andrew Lis, GVR’s director of economics and data analytics. “If
this momentum continues, it may not be long before sales are up year-over-year, which
would mark a shift toward a market with more demand than the unusually low demand
we’ve seen so far this year.”
There were 6,315 detached, attached and apartment properties newly listed for sale on the
Multiple Listing Service® (MLS®) in Metro Vancouver in June 2025. This represents a 10.3 per
cent increase compared to the 5,723 properties listed in June 2024. This was 12.7 per cent
above the 10-year seasonal average (5,604).
The total number of properties currently listed for sale on the MLS® system in Metro
Vancouver is 17,561, a 23.8 per cent increase compared to June 2024 (14,182). This is 43.7 per
cent above the 10-year seasonal average (12,223).
Across all detached, attached and apartment property types, the sales-to-active listings ratio
for June 2025 is 12.8 per cent. By property type, the ratio is 9.9 per cent for detached homes,
16.9 per cent for attached, and 13.9 per cent for apartments.
Analysis of the historical data suggests downward pressure on home prices occurs when the
ratio dips below 12 per cent for a sustained period, while home prices often experience
upward pressure when it surpasses 20 per cent over several months.
“As home sales regain their footing, inventory levels aren’t building as quickly as we’ve seen
lately,” Lis said. “Most market segments remain in balanced market conditions, which has
generally kept prices trending sideways since the start of the year. With over 17,000 listings on
the market right now, and with mortgage rates down around two per cent since last summer,
buyers are enjoying some of the most favourable conditions seen in years.”
The MLS® Home Price Index composite benchmark price for all residential properties in
Metro Vancouver is currently $1,173,100. This represents a 2.8 per cent decrease over June
2024 and a 0.3 per cent decrease compared to May 2025.
Sales of detached homes in June 2025 reached 657, a 5.3 per cent decrease from the 694
detached sales recorded in June 2024. The benchmark price for a detached home is
$1,994,500. This represents a 3.2 per cent decrease from June 2024 and a 0.1 per cent
decrease compared to May 2025.
Sales of apartment homes reached 1,040 in June 2025, a 16.5 per cent decrease compared to
the 1,245 sales in June 2024. The benchmark price of an apartment home is $748,400. This
represents a 3.2 per cent decrease from June 2024 and a 1.2 per cent decrease compared to
May 2025.
the 1,245 sales in June 2024. The benchmark price of an apartment home is $748,400. This
represents a 3.2 per cent decrease from June 2024 and a 1.2 per cent decrease compared to
May 2025.
Attached home sales in June 2025 totalled 473, a 3.7 per cent increase compared to the 456
sales in June 2024. The benchmark price of a townhouse is $1,103,900. This represents a three
per cent decrease from June 2024 and a 0.3 per cent decrease compared to May 2025.