Sales Are Recovering, But Buyers Still Have Options

The July 2025 real estate numbers are in — and they’re telling a story of gradual recovery in Metro Vancouver’s housing market. While overall sales were slightly down compared to July 2024, activity is picking up month over month, confirming the market is starting to turn a corner.

Here’s a breakdown of what’s happening — and what it means if you’re buying, selling, or waiting on the sidelines.

Quick Stats at a Glance

• Total Sales (All Property Types): 2,286 (▼ 2% YoY)

• Benchmark Home Price (All Residential): $1,165,300 (▼ 2.7% YoY | ▼ 0.7% MoM)

• New Listings: 5,642 (▲ 0.8% YoY)

• Total Active Listings: 17,168 (▲ 19.8% YoY)

• Sales-to-Active Listings Ratio: 13.8% – indicating a balanced market

Prices Are Trending Sideways

The overall benchmark price dropped 0.7% from June, showing a relatively flat trend. This reflects a balanced market, where inventory is high and buyers still have plenty of options. Here's a snapshot by property type:

Buyer Activity Strengthens Despite Rate Hold

According to GVR’s economist Andrew Lis, the Bank of Canada’s decision to hold interest rates steady in July is helping build buyer confidence. With borrowing costs appearing more stable, many potential buyers are re-entering the market.

However, Lis also cautions:

“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.”

Translation? Now’s a smart time to act if you’re a buyer.

What This Means for You

First-Time Home Buyers:
The market still offers relatively good selection and softening prices — a rare mix in Vancouver. With interest rates holding steady and inflation easing, this could be a good window to secure financing and start shopping.

Homeowners Looking to Sell:
Expect a more competitive landscape. With inventory up nearly 20%, buyers are selective. Focus on smart pricing and presentation to stand out.

Investors & Upsizers:
Balanced conditions and sideways prices give you negotiation room. If you’re thinking long-term, this may be a great time to explore opportunities.

🌟 Final Thoughts

July’s market is showing strength, but it’s still tilted in favour of buyers — for now. With fall around the corner and a potential uptick in demand, conditions could shift. Whether you're planning to buy, sell, or invest, it's important to stay informed and act strategically.

Have questions about your next move? Contact a trusted REALTOR® who understands your local market and can help guide you with up-to-date advice and expertise.

If you'd like to see how this market affects your plans, feel free to reach out!

Download the Full July 2025 Market Report