The Metro Vancouver housing market is starting to show signs of balance this fall. According to the Greater Vancouver REALTORS® (GVR) September 2025 report, home sales ticked up slightly while inventory levels reached record highs — giving buyers more power and choice than we’ve seen in a long time.
Sales and Listings: More Homes, More Choices
In September 2025, just under 1,900 homes were sold across Metro Vancouver — a 1% increase compared to September 2024. This small but steady boost in sales comes as home prices continue to ease and the Bank of Canada delivers another interest rate cut, helping to boost affordability and buyer confidence.
Meanwhile, sellers were active too. Over 6,500 new listings hit the MLS® last month, a 6% year-over-year increase, bringing total inventory to more than 17,000 homes. This marks one of the highest inventory levels in years, offering buyers more selection and negotiating power.
Metro Vancouver Home Prices – September 2025
The MLS® Home Price Index (HPI) benchmark price for all property types in Metro Vancouver sits at $1,142,000, a 3% decrease compared to last year.
Here’s how each segment performed:
Apartments: $729,000 (-4.4%)
Townhomes: $1,170,000 (-2.7%)
Detached Homes: $1,933,000 (-4.4%)
These numbers reflect a gradual market correction, as rising inventory and changing buyer sentiment continue to ease upward pressure on home prices.
What This Means for Buyers and Sellers
With record-high inventory and softer prices, buyers in Metro Vancouver are finally seeing more opportunities to find the right home — and negotiate on price. On the flip side, sellers need to stay competitive by pricing strategically and presenting their homes in top condition to stand out in this more balanced market.
Bottom Line
The Metro Vancouver real estate market in September 2025 is shifting gears. After years of tight supply and rising prices, a buyer’s market may be starting to emerge. Whether this trend continues through fall will depend on mortgage rates, economic conditions, and buyer confidence — but for now, it’s clear the market is opening up for buyers.
📺 Watch GVR’s September Market Update Video for the full breakdown of the latest trends and stats.
Whether you’re buying your first condo or selling your family home, the fall market could present the right window of opportunity.
Contact me if you want to chat about your real estate needs.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.