July 2025 Market Update

Vancouver Real Estate Market Update – July 2025

Home Sales: 2,286 (-2% YoY)

New Listings: 5,642 (+0.8% YoY)

Total Listings: 17,168 (+19.8% YoY)

Benchmark Price: $1.165M (-2.7% YoY, -0.7% MoM)

Market Insights:

Sales-to-active listings ratio: 13.8% → Balanced market

Detached home price: $1.974M (-3.6% YoY)

Apartment price: $743K (-3.2% YoY)

Attached home price: $1.099M (-2.3% YoY)

2025 Outlook:

Sales activity showed signs of recovery in June, with July data confirming the upward trend. The Bank of Canada’s decision to hold rates steady may boost buyer confidence amid ongoing trade uncertainty. New listings remained stable, keeping MLS® inventory at around 17,000 homes—providing ample choice for buyers. As the market rebounds, this balanced supply is expected to keep prices steady in the short term.

If you’re navigating the Maple Ridge, Pitt Meadows, or Greater Vancouver real estate market, Team Telep is here to help. Contact us for a no-obligation consultation to discuss your real estate goals.