RSS

Metro Vancouver Real Estate Market Update – June 2025

After a rocky first half of 2025, the Metro Vancouver real estate market is showing early signs of stabilization — with sales activity leveling off, listing inventory reaching decade highs, and prices holding steady in many areas despite elevated supply. For buyers, sellers, and upsizers alike, this is a market that demands thoughtful strategy and local expertise.


Market Snapshot – June 2025

  • Sales: 2,181 homes sold in Metro Vancouver in June — down 9.8% year-over-year and 25.8% below the 10-year average.

  • New Listings: 6,315 new listings hit the market — up 10.3% year-over-year and 12.7% above the seasonal average.

  • Active Listings: Inventory rose to 17,561 properties, marking a 23.8% increase over last year and the highest June level in more than a decade.

  • Sales-to-Active Listings Ratio:

    • Detached: 9.9% (buyers’ market)

    • Townhouses: 16.9% (balanced)

    • Apartments: 13.9% (balanced)

  • Benchmark Price (Composite): $1,173,100 — down 2.8% year-over-year, and 0.3% from May.


Segment Breakdown

Detached Homes: Sluggish Conditions Persist

Detached home sales remain muted. With just 657 sales in June and over 10 months of inventory, detached homes are firmly in a buyer’s market. The benchmark price sits at $1,994,500, down 3.2% year-over-year. High inventory is giving buyers ample negotiating room, especially in upper price bands.

Condos: Oversupplied and Competitive

Condo listings surged to a record high in June. While 1,040 units sold, that’s a 16.5% year-over-year drop, with absorption rates softening in price points over $900K. Benchmark condo prices sit at $748,400, down 3.2% annually and 1.2% month-over-month.

Townhomes: Holding Ground

Townhouses are the only segment to see a year-over-year increase in sales (+3.7%), with benchmark prices at $1,103,900 (down 3% YoY). Despite rising inventory, absorption is stronger here than in detached or condo segments — particularly in family-oriented neighborhoods with quality schools and transit.


Neighbourhood Bright Spots: Where the Market Is Moving

Despite slower overall conditions, several Metro Vancouver submarkets are showing encouraging signs — whether through stable pricing, increased sales activity, or outperforming inventory absorption.

Here are some of the most notable bright spots from the June 2025 data:

🔵 Burnaby North – Condos

  • Benchmark condo price: $724,900

  • Month-over-month change: +1.8%

  • This submarket posted the highest monthly price increase for condos among core Burnaby areas — a sign of buyer demand returning to well-located, transit-accessible homes under the $800K range.

🟢 Coquitlam – Townhomes

  • Benchmark townhouse price: $1,096,600

  • Year-over-year change: +1.1%

  • Coquitlam remains one of the few regions where townhome values are higher today than they were a year ago, supported by demand from young families seeking space and school catchments.

🟠 Squamish – Detached Homes

  • Benchmark price: $1,674,400

  • Year-over-year gain: +8.2%

  • Squamish continues to buck the regional trend, with rising demand from both lifestyle-driven buyers and long-term investors. It’s the strongest-performing detached submarket in Metro Vancouver year-over-year.

🔵 New Westminster – Entry-Level Condos

  • Units in the $450K–$650K range saw some of the highest absorption rates, with sales-to-active ratios between 20–30% — a clear indicator that affordable homes in connected urban hubs remain in demand.

🟡 Pitt Meadows – Townhouses

  • Benchmark townhouse price: $839,200

  • Year-over-year change: +0.6%

  • Though small in volume, this is one of the few areas with price growth in the townhouse segment, driven by limited supply and family-oriented demand.


Local Strategy Matters More Than Ever

The regional averages only tell part of the story. Real estate is always hyper-local, and the data shows that not all areas are moving the same. That’s why your strategy — whether pricing, marketing, or timing — must reflect not just your city, but your segment, your product type, and your street.


Smart Moves: Why Now Is a Strategic Time to Upsize

One of the clearest patterns we’re seeing across the market is that entry-level homes — relative to each submarket — continue to attract steady buyer demand.

What qualifies as “entry-level” varies by city:

  • In New Westminster, that could mean a condo in the $500K–$650K range.

  • In Burnaby, active townhouse segments are closer to $850K–$1.15M.

  • In Maple Ridge or Pitt Meadows, entry-level detached homes can be found around $1.25M–$1.4M.

But across the board, it’s consistent: entry-level price bands are where the action is, while listings above the median — particularly over $2M for detached and $1M for condos — are seeing far slower absorption.

This creates a rare opportunity:

If you’re selling in a stronger-performing entry-level segment and upsizing into a slower, higher-value one, you’re leveraging a unique trade-up advantage.

This is one of the best environments we’ve seen in years for upsizers — those moving from condo to townhouse, or townhouse to detached — especially if the purchase is long-term.


Pricing Strategy is Everything

In this kind of market, your pricing strategy can make or break the outcome.

We’ve seen time and again that properties priced correctly from the start attract the right buyers early — while those listed based on aspirational value sit and stagnate.

As agents, we don’t oversell or inflate expectations. We strive to educate our sellers and ensure every pricing recommendation is grounded in:

  • Real-time data

  • Current neighborhood trends

  • Buyer behavior and inventory levels

Your pricing strategy isn’t just a number — it’s the foundation of your marketing, your negotiation position, and your ultimate success.


Final Thoughts: Balanced Doesn’t Mean Boring

The June market is best described as a grind — balanced in many areas, slow in others, but not without opportunity. While interest rates and inflation continue to impact sentiment, affordability is marginally improving, and seasoned buyers are beginning to step in.

Sellers with entry-level homes in good condition are still achieving excellent results. Buyers looking to upgrade have negotiating power that didn’t exist two years ago. And above all, smart strategy — informed by data and local experience — is what will separate successful outcomes from missed opportunities.


Have Questions or Considering a Move?

Whether you're exploring a possible sale, wondering if now is the time to upsize, or just want to understand where your property fits into the current market — we’re here to help.

📩 Reach out for a personalized market evaluation or strategic consult.
Let’s make the market work for you.

Read

Open House. Open House on Sunday, July 6, 2025 2:00PM - 4:00PM

Please visit our Open House at 304 1178 Hamilton Street in Vancouver. See details here

Open House on Sunday, July 6, 2025 2:00PM - 4:00PM

Welcome to The Hamilton — a Yaletown icon in Vancouver’s historic warehouse district. Built in 1913 for the Gray Brothers Investment Firm and converted in 1996, this heritage conversion features exposed brick, reclaimed wide-plank fir floors, and 2-ft-thick Douglas fir beams. Formerly two suites, this rare corner home offers nearly 1,700 sqft of character-rich space, surrounded by large windows and two oversized gas fireplaces anchoring each large living space. Kitchen upgrades feature Sub-zero appliance package, gas range, lots of granite counter space and ample kitchen storage. Included is 1 secure underground parking stall and 2 storage lockers. Beautiful rooftop patio. Steps to world-class dining, boutique shops, the Seawall, SkyTrain, and vibrant Yaletown nightlife.Truly one-of-a-kind

Read
Categories:   Burnaby South Townhouse | New Westminster Condo | New Westminster Condo Sold | New Westminster House | Vancouver East Realtor | Vancouver West Condo | Aldergrove Langley Real Estate | Aldergrove Langley, Langley Real Estate | BCFSA | Burnaby | Burnaby East | Burnaby East Condo | Burnaby East Condo Sold | Burnaby East House | Burnaby East House Sold | Burnaby East Open House | Burnaby East Realtor | Burnaby Lake, Burnaby South Real Estate | Burnaby North | Burnaby North Condo | Burnaby North Condo Sold | Burnaby North House | Burnaby North House Sold | Burnaby North Realtor | Burnaby North Townhouse | Burnaby North Townhouse Sold | Burnaby Real Estate | Burnaby Real Estate Forecast | Burnaby Real Estate Market | Burnaby Real Estate News | Burnaby Real Estate Prices | Burnaby South | Burnaby South Condo | Burnaby South Condo Sold | Burnaby South House | Burnaby South House Sold | Burnaby South Realtor | Burnaby South Townhouse | Burnaby South Townhouse Sold | Cambie, Vancouver West Real Estate | Central Coquitlam Real Estate | Central Coquitlam, Coquitlam Real Estate | Central Pt Coquitlam Real Estate | Central Pt Coquitlam, Port Coquitlam Real Estate | Champlain Heights, Vancouver East Real Estate | Cloverdale House | Cloverdale House Sold | Cloverdale Realtor | Collingwood VE Real Estate | Connaught Heights, New Westminster Real Estate | Coquitlam 12 Duplex | Coquitlam 12 Duplex Sold | Coquitlam Condo | Coquitlam Condo Sold | Coquitlam House | Coquitlam House Sold | Coquitlam Real Estate | Coquitlam Realtor | Coquitlam Townhouse | Coquitlam Townhouse Sold | Downtown NW, New Westminster Real Estate | Downtown SQ Condo | Downtown SQ Condo Sold | Downtown SQ Real Estate | Downtown SQ Realtor | Downtown VW, Vancouver West Real Estate | Eagle Ridge CQ, Coquitlam Real Estate | East Burnaby, Burnaby East Real Estate | East Vancouver | Fairview VW Real Estate | False Creek, Vancouver West Real Estate | Federal Election | Fraserview NW, New Westminster Real Estate | Gibsons Real Estate | GlenBrooke North Real Estate | GlenBrooke North, New Westminster Real Estate | Government | Government Road, Burnaby North Real Estate | Hastings, Vancouver East Real Estate | Home Buyer | Home Maintenance | Home Seller | Interest Rates | Kitsilano, Vancouver West Real Estate | Langley Condo | Langley Condo Sold | Langley Realtor | Langley Townhouse | Langley Townhouse Sold | Legal | Lower Mary Hill, Port Coquitlam Real Estate | Maillardville, Coquitlam Real Estate | Market Update | Metrotown Real Estate | Moody Park, New Westminster Real Estate | Mortgage | Mount Pleasant VE, Vancouver East Real Estate | New Horizons, Coquitlam Real Estate | New West | New West Realtor | New West Townhouse | New West Townhouse Sold | New Westminster | New Westminster Condo | New Westminster Condo Sold | New Westminster House | New Westminster House Sold | New Westminster Real Estate | New Westminster Realtor | New Westminster Townhouse | New Westminster Townhouse Sold | North Shore Pt Moody Real Estate | North Surrey House | North Surrey House Sold | North Surrey Realtor | North Vancouver | North Vancouver House | North Vancouver House Sold | North Vancouver Real Estate | North Vancouver Realtor | Parkcrest, Burnaby North Real Estate | Port Coquitlam Condo | Port Coquitlam Condo Sold | Port Coquitlam House | Port Coquitlam House Sold | Port Coquitlam Real Estate | Port Coquitlam Realtor | Port Moody Centre, Port Moody Real Estate | Port Moody Condo | Port Moody Condo Sold | Port Moody Home Sold | Port Moody House | Port Moody House Sold | Port Moody Real Estate | Port Moody Realtor | Port Moody Townhouse | Port Moody Townhouse Sold | Quay, New Westminster Real Estate | Queens Park, New Westminster Real Estate | Queensborough, New Westminster Real Estate | Real Estate Agents in Burnaby | Real Estate Market in Burnaby BC | Regulation | Richmond | Richmond Condo | Richmond Condo Sold | Richmond Real Estate | Richmond Realtor | Sapperton, New Westminster Real Estate | Shaughnessy, Vancouver West Real Estate | South Cambie, Vancouver West Real Estate | South Surrey White Rock Realtor | South Surrey White Rock Townhouse | South Surrey White Rock Townhouse Sold | Squamish Condo | Squamish Condo Sold | Squamish Realtor | Sullivan Station, Surrey Real Estate | Sunnyside Park Surrey, South Surrey White Rock Real Estate | Sunshine Coast | Sunshine Coast House | Sunshine Coast House Sold | Sunshine Coast Realtor | Surrey | Surrey House | Surrey House Sold | Surrey Real Estate | Surrey Realtor | Surrey Townhouse | Surrey Townhouse Sold | Tax | The Heights NW, New Westminster Real Estate | Tri-Cities | Uptown NW, New Westminster Real Estate | Vancouver | Vancouver East Condo | Vancouver East Condo Sold | Vancouver East House | Vancouver East House Sold | Vancouver East Realtor | Vancouver East Townhouse | Vancouver East Townhouse Sold | Vancouver Heights, Burnaby North Real Estate | Vancouver Real Estate | Vancouver West Condo | Vancouver West Condo Sold | Vancouver West House | Vancouver West House Sold | Vancouver West Realtor | Vancouver West Townhouse | Vancouver West Townhouse Sold | Walnut Grove, Langley Real Estate | West End NW, New Westminster Real Estate | West End VW, Vancouver West Real Estate | West Vancouver | Willingdon Heights, Burnaby North Real Estate | Yaletown, Vancouver West Real Estate