Metro Vancouver Real Estate Market Insights: Stats Centre Reports - August 2025

Jersey Li
Aug 9
5 min read

Updated: Aug 9

Metro Vancouver Real Estate Market Insights: Your Comprehensive Real Estate Update with Jersey Li ☀️

Stats Centre Reports - August 2025

It's always sunny with me ☀️ This is your REALTOR®, Jersey Li 😄!

Prices keep dropping. Bargain Season is here!

📌 Prices down, transactions up – But don’t call it a comeback yet

Your Metro Vancouver Real Estate Market Insights from August 2025 are here!

The July 2025 market data tells a very specific story — and it’s not one of recovery just yet.

📉 Prices are still trending downward across all property types.
📈 Transactions have picked up slightly, but for a reason we predicted: sellers are finally adjusting their expectations.
❌ This isn’t a market turnaround; it’s a pricing reality check.

For months, I’ve been advising sellers to accept the decline and price ahead of the curve will be the ones closing deals. We’re seeing exactly that — homes selling now are those listed competitively, often with motivated sellers who understand that clinging to yesterday’s numbers is a fast way to lose in today’s market.

For buyers, this means there’s more selection, more negotiating leverage, and a better chance to secure a fair deal. For sellers, competition is fiercer than it has been in years, and the difference between a property that sells in weeks versus one that lingers on the market comes down to pricing strategy and presentation.

🔮 Jersey’s Market Prediction

Looking ahead, the pattern we’re seeing — lower prices with higher sales activity — is likely to continue into late summer and early fall. As more sellers accept the new reality, transaction numbers should hold or even increase. But that doesn’t mean prices will start rising again anytime soon.

Detached homes are showing the weakest absorption rate with a sales-to-active listings ratio of just 10.2%, putting them squarely in buyer’s market territory. This means buyers have plenty of choice and sellers need to be aggressive on price to compete. Townhomes and condos are holding in balanced conditions, but even in these segments, we’re seeing subtle signs of softening.

The true market bottom isn’t here yet. But we’re moving in that direction. Expect incremental price declines and a more competitive environment for sellers as inventory remains high and buyers take their time.

Jersey’s Advice for Sellers

🏷️ If you’re selling in this market, the key is to be proactive

If you’re selling in this market, the key is to be proactive:

💰 Drop your price before your neighbours do — by the time you react to their reduction, you’re already behind.
🛠️ Presentation matters more than ever; invest in staging, professional photos, and minor repairs to make your home stand out.
⏳ If you have no urgency to sell and a strong tenant in place paying reliable rent, holding your property might be a better move than competing in today’s market.

Here’s the truth: Overpricing is a silent killer. Not only will your home sit, but buyers will start to wonder why it hasn’t sold — leading to lower offers when they do come in. Pricing aggressively from the start often results in faster sales and better net returns than chasing the market down over months.

Jersey’s Advice for Buyers

🧠 Buyers, this is a moment where the market is working in your favour — but that doesn’t mean it’s time to rush in blindly.

🛒 Use the inventory levels to your advantage; look at multiple properties and compare values carefully.

⏳ The lowest point is still ahead, so patience can be an asset — but don’t wait so long that you miss out on a home that’s perfect for you.
🏠 If you’re buying for personal living purposes, you can find great opportunities now, especially from sellers who are motivated and ready to deal.
📊 Avoid speculative flips or presales for the time being, as the investment side of the market is still vulnerable.

In this market, negotiation is everything. Many sellers have already accepted that they need to compromise on price to get a deal done. Use that leverage to secure not just a better price, but also favourable terms — like flexible possession dates, included appliances, or even repair credits.

Sales Stats

📊 July 2025 Market Stats

Metro Vancouver saw 2,286 home sales in July, just 2% lower than July 2024, but still 13.9% below the 10-year seasonal average. The composite benchmark price for all property types is now $1,165,300 — down 2.7% year-over-year and 0.7% compared to June.

Detached homes sold for a benchmark price of $1,974,400, a 3.6% annual drop and a 1% monthly decrease, with 660 sales recorded. Apartments posted 1,158 sales, down 2.9% from last year, with a benchmark price of $743,700 — 3.2% lower year-over-year. Townhomes saw 459 sales, a 5% increase compared to July 2024, but their benchmark price slipped to $1,099,200, down 2.3% annually.

Inventory remains elevated with 17,168 active listings, a 19.8% increase from last year, keeping the market in balanced but buyer-leaning territory. The sales-to-active listings ratio sits at 13.8% overall, with detached homes in the buyer’s market range and attached homes and condos hovering in balance.

The takeaway? Supply is plentiful, demand is improving slightly, but not enough to create upward price pressure

👉 Click here to obtain the full market breakdown.

Rental Market Trends

🏙️ July 2025

The rental market remains strong but is showing signs of moderation due to increased inventory. Many sellers, unable to achieve their desired sale price, are opting to rent their properties instead — especially in hot rental zones like Vancouver, Burnaby, and Coquitlam.

Here’s the current average for 1-bedroom rentals:

Vancouver: ~$2,540/month
Burnaby: ~$2,520/month
Coquitlam/New Westminster: ~$2,300–$2,400/month

For landlords, this means more competition for tenants, making professional marketing and realistic pricing crucial to avoid long vacancies. For renters, this is an opportunity to negotiate lease terms, request improvements, or secure incentives such as free parking or partial utilities.

📈 For the full rental breakdown, click here.

Final Takeaways

🔑 July’s market is moving

The July market shows movement, but not momentum. Prices are still sliding, and it’s the realistic sellers — the ones who accept the current market — who are closing deals. Buyers have the upper hand, but success will come to those who are active, informed, and decisive.

If you’re selling, act before the market forces your hand. If you’re buying, keep your eyes open for motivated sellers and properties that tick all your boxes — and don’t be afraid to negotiate hard.