📉 October 2025 Market Update: Buyers Regain the Advantage in Metro Vancouver 🏡

The Greater Vancouver REALTORS® (GVR) has released its October 2025 market report, revealing that slower sales and higher inventory levels are shaping one of the most buyer-friendly markets of the year.

Despite another interest rate cut by the Bank of Canada this October — the fourth in 2025 — buyers remain cautious, and listings continue to rise, creating more opportunities for those looking to purchase this fall.

“October is typically the last month of the year where sales activity sees a seasonal uptick, but sales still fell short of last year’s figures and the ten-year seasonal average,” said Andrew Lis, GVR’s Chief Economist and Vice-President of Data Analytics. “Even the fourth cut this year to the Bank of Canada’s policy rate wasn’t enough to entice more buyers back into the market.”

📊 Market Highlights: October 2025

• 🏠 Total sales: 2,255 homes — down 14.3% from October 2024 and 14.5% below the 10-year seasonal average

• 📈 New listings: 5,438 — relatively stable, down just 0.3% year-over-year

• 🏘️ Active listings: 16,393 — up 13.2% compared to last year and 35.9% above the 10-year average

• 💼 Sales-to-active listings ratio: 14.2% overall

  • Detached homes: 11.3%

  • Townhomes: 17.6%

  • Condos: 15.5%

📉 A sales-to-active listings ratio below 12% typically indicates downward pressure on home prices, while ratios above 20% suggest price increases. With October’s ratio sitting at 14.2%, the market is leaning toward balanced — but clearly in buyers’ favour.

💰 Benchmark Prices

Home prices have eased across all property types as high inventory meets softer demand:

• Detached homes: $1,916,400 ↓ 4.3% year-over-year

• Townhomes: $1,066,700 ↓ 3.8% year-over-year

• Apartments: $718,900 ↓ 5.1% year-over-year

• Composite benchmark: $1,132,500 ↓ 3.4% year-over-year

Prices have also slipped modestly month-over-month, suggesting that the fall market is providing a window of opportunity for well-prepared buyers.

🌟 What This Means for Buyers

With inventory sitting at its highest level in years, buyers now have:

• More selection to find the right property

• Increased negotiating power

• Less competition from multiple offers

While sales have slowed, the long-term fundamentals of the Metro Vancouver market remain strong. For buyers who have been waiting for a more balanced market, this fall could be an ideal time to make a move.

“After peaking in June, inventory levels have edged lower, and prices have eased across all market segments as slower-than-usual sales activity meets the highest inventory levels seen in many years,” Lis added. “With no further reductions to the Bank of Canada’s policy rate expected in 2025, market conditions appear as favorable for buyers as they’ve been all year.”

🗝️ Thinking About Buying or Selling?

If you’re considering entering the market, this is the time to explore your options with confidence. Whether you’re planning to buy your first home, move up, or downsize, understanding the current trends can help you make the most informed decision possible.

📞 Tara Kennedy – REALTOR®
Serving the Tri-Cities and Greater Vancouver Area
📱 236-992-8989
📧 TaraKennedySells@gmail.com
🌐 www.TaraKennedy.ca

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