GVR market Update For September 2025 – Buyer’s Market Prevails, But Rate Cut Brings Optimism

The September 2025 stats released by the Greater Vancouver Realtors (GVR) clearly confirmed that the fall market has favored buyers and the recent Bank of Canada rate cut and gradual easing of prices, has seen the month register higher sales than the same month in 2024.

“With another cut to the Bank of Canada’s policy rate behind us, and markets pricing in at least one more cut by the end of the year, Metro Vancouver homebuyers have reason to be optimistic about the fall market. Easing prices, near-record high inventory levels, and increasingly favorable borrowing costs are offering those looking to purchase a home this fall with plenty of opportunity.” – Andrew Lis, GVR director of economics and data analytics.

Home Sales

In September 2025, residential home sales in the region totaled 1,875, which was a 1.2% increase from the 1,852 sales recorded in September 2024.

Sales of detached homes reached 552, which represented a 7% increase from the 516 detached home sales in September 2024. 

Sales of apartment homes reached 954, represented a 1.5% increase compared to the 940 apartment home sales in September 2024.

Sales of attached homes reached 356, and this represented a 5.8% decrease compared to the 378 sales in September 2025.

Home Listings

The number of newly homes listed for sale on the MLS in Metro Vancouver was 6,527 for September 2025. This represented a 6.2% increase compared to the 6,144 homes listed in September 2024 and was 20.1% above the 10 year seasonal average of 5,434.

The total number of listings for September 2025 on the MLS was 17,079 – a 14.4% increase when compared to September 2024 when there were 14,932 properties listed. This was 36.1% above the 10-year seasonal average of 12,553.

Sales-To-Active-Listings Ratio

This is a good indication of the supply and demand forces in the market. Downward pressure on home prices can occur when the ratio is below 12% for a sustained period, and there is upward pressure when the ratio is above 20% for a number of months.

For all property types, the ratio for September was 11.3%. When broken down by property types, the ratio was:

• 8.5% for detached homes
• 12.7% for attached homes
• 13.3% for apartments

Home Prices

The MLS Home Price index composite benchmark price for all residential properties in Metro Vancouver for September was $1,142,100. This represented a 3.2% decrease over September 2024 and a 0.9% increase when compared to August 2025.

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Working with our real estate professionals will enable you to set realistic expectations that help you achieve your housing goals. If you are looking to buy or sell a home in this  market contact us by email or call us on 604 913 1000.