Metro Vancouver’s real estate market leaned firmly in buyers’ favour this October, with slower sales and higher inventory shaping the fall season.
Home sales across the region reached 2,255 in October 2025 — 14% lower than the same month last year and well below the 10-year seasonal average. Even with the Bank of Canada’s fourth rate cut of the year, buyers remained cautious.
New listings came in at 5,438, roughly the same as last year but 16% above the typical 10-year average. Overall, active listings climbed to 16,393, up 13% year-over-year and nearly 36% above long-term norms — giving buyers more choice than they’ve had in years.
The sales-to-active listings ratio for all property types sat at 14.2% in October, indicating balanced-to-soft conditions. Detached homes posted an even lower ratio at 11.3%, while townhomes and condos saw slightly higher ratios at 17.6% and 15.5%, respectively. Historically, sustained ratios below 12% often lead to downward price pressure.
Prices have softened across all segments as inventory remains elevated. The benchmark price for all residential properties is now $1,132,500, down 3.4% year-over-year and 0.8% from September.
Breakdown by property type:
Detached homes: 693 sales (-4%), benchmark $1,916,400 (-4.3% YoY)
Apartments: 1,071 sales (-23%), benchmark $718,900 (-5.1% YoY)
Townhomes: 477 sales (-4.8%), benchmark $1,066,700 (-3.8% YoY)
With high inventory and no additional rate cuts expected for 2025, conditions are the most favourable buyers have seen all year.
