REBGV Market Update August 2025
GVR Market Update For August 2025 – With A Drop In Home Prices, More People Are Getting Into The Market
A key takeaway In the August 2025 market report released by the Greater Vancouver Realtors (GVR), was that sales were up 2.8% when compared to August 2024. However, things are still flat and we haven’t seen a sustained period of sales this low for decades.
According to Andrew Lis, GVR director of economics and data analytics, “The August sales figures add further confirmation that sales activity across Metro Vancouver appears to be recovering, albeit somewhat slowly, from the challenging first half of the year. Sales in the detached and attached segments are up over ten per cent from last August, which suggests buyers shopping in more expensive price points are re-entering the market in a meaningful way.”
He further added that, “Prices have eased around two per cent since the start of the year and are down about one percent month over month in August, signaling that sellers have been willing to lower price expectations.”
Home Sales
There were 1,959 residential property sales registered in August 2025 for the region, which was a 2.9% increase over the same period last year registered which 1,904 sales. This was 19.2% below the 10-year seasonal average of 2,424.
– The number of detached properties sold was 575, a 13% increase from the 509 homes sold in August 2024. The benchmark price for a detached home was $1,950,300, which was a 4.8% decrease when compared to August 2024.
– The number of apartments sold was 956, a 5.5% decrease from the 1,012 apartments sold in August 2024. The benchmark price for an apartment was $734,400, which was a 4.4% decrease when compared to August 2024.
– The number of attached properties sold was 409, a 10.5% increase from the 370 sales in August 2024. The benchmark price for an attached home was $1,079,600, which was a 3.5% decrease when compared to August 2024.
Home Listings
In August, there were 4,255 new listings of detached, attached and apartment properties added to the Multiple Listing Service (MLS) in Metro Vancouver.
This was a 2.8% increase compared to the 4,109 homes listed in August 2024, and 1.3% above the 10-year seasonal average of 4,172.
The total number of homes listed for sale on the MLS® system in Metro Vancouver was 16,242, a 17.6% increase compared to August 2024 (13,812). This was 36.9% above the seasonal average of 11,862.
Sales-To-Active-Listings Ratio
This ratio gives a better understanding of the relationship between supply and demand in the market. Downward pressure on home prices can occur when the ratio dips below 12% for a sustained period, and home prices can experience upward pressure when the ratio is above 20% for sustained periods.
For all property types, the ratio in August was 12.4%. When broken down by property types, the ratio was:
- 9.3% for detached homes.
- 15.8 % for townhomes.
- 14% for condominiums.
Home Prices
In August, the MLS Home Price index composite benchmark price for all residential properties in Metro Vancouver was $1,150,400. This was 3.8% lower than August 2024 and a 1.3% decrease compared to July 2025.
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The real estate landscape in Vancouver is changing dramatically. If you are buying or selling a home, you need to get in touch with an experienced real estate company such as ours to navigate this market. Contact us by email or call us on 604 913 1000.