June 2025 Real Estate Market Update for Greater Vancouver

Metro Vancouver Real Estate Market – June 2025

Signs of Stability as Buyers Gain Leverage

After a rocky start to the year, Metro Vancouver’s real estate market is finally showing signs of stabilizing. June 2025 data from the Greater Vancouver REALTORS® (GVR) points to a market that’s balancing out—with more listings, slower price declines, and a noticeable shift in buyer activity.

June 2025 at a Glance

• Home sales fell 9.8% year-over-year in June (2,181 vs. 2,418 in 2024), but that’s half the decline seen in May, showing signs of recovery.
• New listings rose 10.3% Year over year (YoY), and total active listings surged 23.8%, giving buyers more options.
• The sales-to-active listings ratio across all property types sits at 12.8%, a clear balanced market.
• Home prices are trending sideways, with only modest month-over-month decreases.

By Property Type

Property Type	Sales (YoY)	Benchmark Price	Price (YoY)	Price (MoM)	Market Condition
Detached Homes	↓ 5.3%	$1,994,500	↓ 3.2%	↓ 0.1%	Buyers’ market
Apartments	↓ 16.5%	$748,400	↓ 3.2%	↓ 1.2%	Balanced
Townhomes	↑ 3.7%	$1,103,900	↓ 3.0%	↓ 0.3%	Balanced to sellers’

 

 What’s Really Going On?

The Market Is Rebalancing

After months of sluggish activity, the pace of sales decline is finally slowing. While sales are still below the 10-year average, June’s numbers suggest we may be approaching a turning point in market sentiment.

Prices Holding Steady

Despite the high inventory, prices have not dropped dramatically. In fact, the benchmark price for all home types dipped only 0.3% from May. This is likely due to the balanced conditions and sellers adjusting expectations early in the year.

Buyers Have More Choice

With 17,561 homes on the market (a 43.7% jump above the 10-year seasonal average), buyers have significantly more options and negotiating power—especially for detached homes, which remain in buyers’ market territory.

Townhomes Remain Resilient

Townhouses saw a modest increase in sales and are sitting in the most active segment of the market. This could reflect a shift toward affordability and functionality for growing families priced out of detached homes.

What This Means for You

Buyers

• You are in a strong position right now: more inventory, lower mortgage rates, and balanced pricing.
• Detached homes are especially negotiable, but townhomes are moving faster—act decisively if you find a good fit.

Sellers

• Pricing right is critical. Overpriced homes are sitting, especially in the detached segment.
• Well-maintained and properly marketed homes are still selling—especially in the townhouse category.

Investors

• With mortgage rates nearly 2% lower than last summer and strong rental demand, conditions are favourable for long-term holds.
• We may see upward pressure on prices if sales momentum continues into fall.

The Metro Vancouver market is no longer in freefall—it’s stabilizing. With balanced conditions and softening mortgage rates, the second half of 2025 may offer new opportunities for buyers and sellers alike.

Data sourced from gvrealtors.ca