The market saw a slight uptick in sales coupled with record-high inventory, suggesting an easing of pressure for buyers.
Just under 1,900 sales registered, a 1% increase over September 2024. This boost was attributed to easing prices and another Bank of Canada rate cut.
Over 6,500 homes were listed, a 6% increase from 2024, placing inventory near record highs. The month ended with over 17,000 listed homes, giving buyers more selection.
MLS® HPI Benchmark Prices:
The benchmark price for all housing types in Metro Vancouver hit $1,142,000, which is a 3% drop from the same time last year.
Benchmark Price 1 Year Change by Type:
- Apartments $729,000 (-4.4%)
- Townhomes $1,70,000 (-2.7%)
- Attached Homes $1,933,000 (-4.4%)
Bottom Line:
Looks like a buyer's market is trying to make an appearance.
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.