{"id":3841,"date":"2025-08-05T20:39:15","date_gmt":"2025-08-05T20:39:15","guid":{"rendered":"https:\/\/www.chrisbrownrealestate.ca\/blog\/?p=3841"},"modified":"2025-08-05T20:49:42","modified_gmt":"2025-08-05T20:49:42","slug":"greater-vancouver-market-update-july-2025","status":"publish","type":"post","link":"https:\/\/www.chrisbrownrealestate.ca\/blog\/greater-vancouver-market-update-july-2025\/","title":{"rendered":"Greater Vancouver Housing Market Update – July 2025"},"content":{"rendered":"
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Duplexes and Single Family Homes at Skyride – Squamish<\/p><\/div>\n

Sales recovery continues in July<\/h3>\n

VANCOUVER, B.C. \u2013 August 5, 2025 \u2013 Home sales registered on the MLS\u00ae across Metro Vancouver* in July extended the early signs of recovery that emerged in June, now down just two per cent from July of last year.<\/p>\n

The Greater Vancouver REALTORS\u00ae (GVR) reports that residential sales in the region totalled 2,286 in July 2025, a two per cent decrease from the 2,333 sales recorded in July 2024. This was 13.9 per cent below the 10-year seasonal average (2,656).<\/p>\n

\u201cThe June data showed early signs of sales activity in the region turning a corner, and these latest figures for July are confirming this emerging trend,\u201d said Andrew Lis, GVR\u2019s director of economics and data analytics. \u201cAlthough the Bank of Canada held the policy rate steady in July, this decision could help bolster sales activity by providing more certainty surrounding borrowing costs at a time where economic uncertainty lingers due to ongoing trade negotiations with the USA.<\/em><\/p>\n

There were 5,642 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service\u00ae (MLS\u00ae) in Metro Vancouver in July 2025. This represents a 0.8 per cent increase compared to the 5,597 properties listed in July 2024. This was 12.4 per cent above the 10-year seasonal average (5,018).<\/p>\n

The total number of properties currently listed for sale on the MLS\u00ae system in Metro Vancouver is 17,168, a 19.8 per cent increase compared to July 2024 (14,326). This is 40.2 per cent above the 10-year seasonal average (12,249).<\/p>\n

Across all detached, attached and apartment property types, the sales-to-active listings ratio for July 2025 is 13.8 per cent. By property type, the ratio is 10.2 per cent for detached homes, 16.7 per cent for attached, and 15.9 per cent for apartments.<\/p>\n

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.<\/p>\n

\u201cWith the rate of homes coming to market holding steady in July, the inventory of homes available for sale on the MLS\u00ae has stabilized at around 17,000. This level of inventory provides buyers plenty of selection to choose from,\u201d Lis said. \u201cAlthough sales activity is now recovering, this healthy level of inventory is sufficient to keep home prices trending sideways over the short term as supply and demand remain relatively balanced. However, if the recovery in sales activity accelerates, these favourable conditions for home buyers may begin slowly slipping away, as inventory levels decline, and home sellers gain more bargaining power.\u201d<\/em><\/p>\n

The MLS\u00ae Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,165,300. This represents a 2.7 per cent decrease over July 2024 and a 0.7 per cent decrease compared to June 2025.<\/p>\n

Sales of detached homes in July 2025 reached 660, a 4.1 per cent decrease from the 688 detached sales recorded in July 2024. The benchmark price for a detached home is $1,974,400. This represents a 3.6 per cent decrease from July 2024 and a 1 per cent decrease compared to June 2025.<\/p>\n

Sales of apartment homes reached 1,158 in July 2025, a 2.9 per cent decrease compared to the 1,192 sales in July 2024. The benchmark price of an apartment home is $743,700. This represents a 3.2 per cent decrease from July 2024 and a 0.6 per cent decrease compared to June 2025.<\/p>\n

Attached home sales in July 2025 totalled 459, a five per cent increase compared to the 437 sales in July 2024. The benchmark price of a townhouse is $1,099,200. This represents a 2.3 per cent decrease from July 2024 and a 0.4 per cent decrease compared to June 2025.<\/p>\n

Editor\u2019s Note:<\/p>\n

*Areas covered by Greater Vancouver REALTORS\u00ae include: Bowen Island, Burnaby, Coquitlam, Maple Ridge, New\u00a0Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.<\/p>\n

Greater Vancouver REALTORS\u00ae is an association representing more than 15,000 REALTORS\u00ae and their companies. The association provides a variety of member services, including the Multiple Listing Service\u00ae. For more information on real estate, statistics, and buying or selling a home, contact a local REALTOR\u00ae or visit www.gvrealtors.ca.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cThe June data showed early signs of sales activity in the region turning a corner, and these latest figures for July are confirming this emerging trend,\u201d said Andrew Lis, GVR\u2019s director of economics and data analytics. \u201cAlthough the Bank of Canada held the policy rate steady in July, this decision could help bolster sales activity by providing more certainty surrounding borrowing costs at a time where economic uncertainty lingers due to ongoing trade negotiations with the USA.<\/p>\n","protected":false},"author":2,"featured_media":3842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-3841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update"],"_links":{"self":[{"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/3841"}],"collection":[{"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/comments?post=3841"}],"version-history":[{"count":5,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/3841\/revisions"}],"predecessor-version":[{"id":3848,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/3841\/revisions\/3848"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/media\/3842"}],"wp:attachment":[{"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/media?parent=3841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/categories?post=3841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/tags?post=3841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}