News: Vancouver Real Estate Market

A further interest rate cut from the Bank of Canada, combined with softer prices, pushed MLS® home sales in Metro Vancouver modestly above last September’s levels.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,875 in September 2025, a 1.2% increase from the 1,852 sales recorded in September 2024. This was 20.1% below the 10-year seasonal average (2,348). 

"With another cut to Bank of Canada’s policy rate behind us, and markets pricing in at least one more...

Easing prices brought more Metro Vancouver homebuyers off the sidelines in August, with home sales on the MLS® up nearly 3% from August last year. 

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,959 in August 2025, a 2.9% increase from the 1,904 sales recorded in August 2024. This was 19.2% below the 10-year seasonal average (2,424). 

“The August sales figures add further confirmation that sales activity across Metro Vancouver appears to...

VANCOUVER - August 5, 2025 - Home sales registered on the MLS® 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. 

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,286 in July 2025, a 2% decrease from the 2,333 sales recorded in July 2024. This was 13.9% below the 10-year seasonal average (2,656).  

“The June data showed early signs of sales activity...

Royal LePage expects sidelined buyers to re-engage this quarter ahead of expected rate cuts by the Bank of Canada.

National Summary

National aggregate home price increased 4.3% year over year in Q4 2023; decreased 1.7% quarter over quarter. Aggregate home price in greater regions of Toronto, Montreal and Vancouver posted gains of 5.1%, 4.1% and 2.7% year over year, respectively, in final quarter of 2023.

Among report’s major regions, Calgary recorded highest year over year price appreciation (10.7%);...

The residential home sales in the region reached 2,150 in February 2020, a 44.9% increase when compared to the 1,484 sales that were recorded in February 2019, and a 36.9% increase from the 1,571 homes sold in January 2020 as reported by The Real Estate Board of Greater Vancouver (REBGV).

Last month's sales were 15.6% below the 10-year February sales average.

"Home buyer demand again saw strong year-over-year increases in February while the total inventory of homes for sale struggled to keep pace,"...