September 2025 Market Insights – Watch GVR September 2025 overview of housing market activity in Metro Vancouver.
Another Bank of Canada rate cut and easing prices helped home sales registered on the MLS® in Metro Vancouver* edge higher relative to September last year.
The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,875 in September 2025, a 1.2 per cent increase from the 1,852 sales recorded in September 2024. This was 20.1 per cent below the 10-year seasonal average (2,348).
“With another cut to 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.” — Economics and Data Analytics
* Areas covered by the Real Estate Board of Greater Vancouver include: Bowen Island, Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.
Sales-to-active listings ratio for September 2025
Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 % for a sustained period, while home prices often experience upward pressure when it surpasses 20% over several months. You can see more details on Greater Vancouver Realtors®.
8.5% – Buyer’s Market
13.3% – Balanced Market
12.7% – Balanced Market
Check our Market Statistics page to see detailed September 2025 market insights for Greater Vancouver & Fraser Valley, broken out by city and housing type (detached homes, condos, townhouses) . The movements in prices, sales, number of days a listing is on the market, and sales to active ratio by city will give you a real understanding of how the market is shifting neighborhood by neighborhood. This is really important: Greater Vancouver is made up of a lot of local markets, which can move very differently! For example, the market might be HOT in Maple Ridge and slow in Vancouver, or HOT for condos and slow for detached homes… and it is shifting all the time! Sometimes the shifts are small, other times they are very significant. We track movements across the entire region – contact us for further insights!
If you are interested in Real Estate in general, and want to get updates, check out our:
- Real Estate Blogs: we update content with news, trends, useful tips for buyers and sellers on a regular basis.
- Browse Real Estate blogs by category: Investment, Market Trends, Real Estate 101, Videos, Just for Fun
- See previous month’s update
- Thinking of a home renovation? you might find business to help you here: Professionals & Contractors
If you plan on Buying a home:
- Work out how much your mortgage payments will be: Mortgage Calculator
- Calculate how much you will owe to ensure you have enough money to complete on your purchase: Property Transfer Tax Calculator
- How much you can really afford to spend on your new home: Affordability Calculator
- To see the Available Listings or Sold Prices in your favourite cities start your search on Search by City page
If you plan on Selling your home:
- Check first what our clients are looking for on Sell my house FAST page. Our clients are qualified and ready to write offers at the market price!
- Check the Listing Prices and the Sell Prices of similar properties in your neighbourhood on the Search by Map page.