Home sales registered on the MLS® in Metro Vancouver* were 14% lower than last October, as the trend of slower sales and building inventory creates favourable conditions for those looking to buy in the fall market. 

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,255 in October 2025, a 14.3% decrease from the 2,632 sales recorded in October 2024. This was 14.5% below the 10-year seasonal average (2,638). 

"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. Even the fourth cut this year to the Bank of Canada’s policy rate this October wasn't enough to entice more buyers back into the market." - Andrew Lis, GVR director of economics and data analytics

There were 5,438 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in October 2025. This represents a 0.3% decrease compared to the 5,452 properties listed in October 2024. This was 16.3% above the 10-year seasonal average (4,676). 

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 16,393, a 13.2% increase compared to October 2024 (14,477). This total is 35.9% above the 10-year seasonal average (12,063). 

Across all detached, attached and apartment property types, the sales-to-active listings ratio for October 2025 is 14.2%. By property type:

• Detached homes: 11.3%

• Attached homes (townhomes): 17.6%

• Apartments: 15.5%

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12% for a sustained period, while home prices often experience upward pressure when it surpasses 20% over several months.  

“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 said. “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.”

Home Prices and Sales Snapshot – October 2025

• Composite Benchmark Price (All Residential): $1,132,500

  • ↓ 3.4% from October 2024

  • ↓ 0.8% from September 2025

• Detached Homes:

  • Sales: 693 (↓ 4.3% Year over Year)

  • Benchmark Price: $1,916,400 (↓ 4.3% Year over Year | ↓ 0.9% Month over Month)

• Apartments:

  • Sales: 1,071 (↓ 23.1% Year over Year)

  • Benchmark Price: $718,900 (↓ 5.1% Year over Year | ↓ 1.4% Month over Month)

• Attached Homes (Townhomes):

  • Sales: 477 (↓ 4.8% Year over Year)

  • Benchmark Price: $1,066,700 (↓ 3.8% Year over Year | ↓ 0.3% Month over Month)

Click here for the GVR October 2025 MLS Housing Market Report