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

Jersey Li
Jul 17
4 min read

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

Stats Centre Reports - July 2025

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

Prices keep dropping. Bargain Season is here!

Metro Vancouver Real Estate Market Insights are here again! June brought more proof that Vancouver’s real estate market is adjusting — and fast. Prices continue to slide, down approximately 3% compared to last year, and activity, while slightly up from May, remains far below normal levels.

Some headlines are calling this a “rebound,” but let me be clear: the uptick in transactions is likely just a backlog of deals that were already in motion. Prices are still softening, and with more listings hitting the market every week, buyers are back in control.

This is not the time for hesitation. Whether you’re buying or selling, you need to move with strategy, not emotion. Let’s break it down.

Watch Full Video Here

Jersey’s Market Prediction

The numbers confirm what we’re seeing on the ground — a slow, steady decline in prices, with a growing gap between seller expectations and buyer reality.

If we include all the subject-pending offers that didn’t close by month-end, the real number of June sold prices in June would be even lower. And if we’re being honest, that tells us everything: many sellers are still hanging on to false hope, while buyers are waiting them out.

Expect this pattern to continue through Q3:

Ongoing price reductions
Continued buyer advantage

🎥 Watch my full video breakdown here 👇

Market Video – July 2025

Jersey’s Advice for Sellers

🏷️ Don’t Wait for a Rebound

Let’s be real: the peak is not coming back anytime soon.

If your home is sitting without activity, it’s not bad luck — it’s the price. Sellers who are willing to adjust and move quickly are still getting deals done. Those holding out are stuck watching the market decline beneath them.

💬 My advice to sellers:

Stop pricing based on 2022 or even 2023 comparables
Be first to reduce, not the last
Focus on presentation and positioning — staging, marketing, and expert negotiation matter more than ever

Hope is not a strategy. Pricing is.

Jersey’s Advice for Buyers

🤩 Buyers — this is your market

Inventory is high, mortgage rates are stable, and sellers are more flexible than they’ve been in years. The key? Don’t just wait for a deal — create one through sharp offers and smart timing.

💡 Here’s what to do:

Tour actively — see what’s sitting and what’s moving
Negotiate hard — especially on homes over 30 days on market
Work with a REALTOR® who knows how to read between the lines

We’re entering peak opportunity season — but the best deals won’t last forever.

Sales Stats

📊 June 2025 Market Stats

In June 2025, Metro Vancouver’s real estate market continued to show signs of stabilization. A total of 2,181 homes sold, marking a 9.8% decrease year-over-year and sitting 25.8% below the 10-year seasonal average.

The benchmark price for all property types dipped to $1,173,100, down 2.8% from June 2024 and 0.3% from May. Detached homes saw a slight 3.2% drop year-over-year, now priced at $1,994,500, while apartments decreased to $748,400 (⬇ 3.2%) and townhomes to $1,103,900 (⬇ 3.0%). Total active listings climbed to 17,561, a 23.8% increase from last year, and the sales-to-active listings ratio landed at 12.8% overall, keeping the market in balanced but buyer-leaning conditions.

👉 Click here to obtain the full market breakdown.

Rental Market Trends

🏙️ June 2025

While buyers hesitate, renters continue to fuel Metro Vancouver’s secondary market. However, rents have stabilized, and even slipped slightly in some areas due to a surge in investor-owned listings.

🔹 Vancouver average 1-bed: ~$2,530/month

🔹 Burnaby 1-bed: ~$2,540/month

🔹 New Westminster & Coquitlam: ~$2,300–2,400/month

📉 Landlords: The days of automatic bidding wars are over. Present your unit well, and price competitively to stay filled.

📈 Tenants: You may be able to negotiate longer leases at stable rates — take advantage.

🔍 Curious about how rents are shifting across Metro Vancouver? Check out the full rental report.

Final Takeaways

🔑 Read the Room, Adjust Accordingly

The market is not crashing — it’s correcting. And in every correction, there’s an opportunity for those who are paying attention and ready to act.

🔹 For Sellers

If you’re holding out for a return to 2022 prices, it’s time to re-evaluate your strategy. The longer you wait to adjust, the more likely you’ll be pricing in a declining market. Serious buyers are out there — but they’re only making moves on realistic listings that show value and motivation.

Key move:

Work with a REALTOR® who can position your property effectively and help you price ahead of the curve — not behind it.

🔹 For Buyers

This is your window — but it’s not open forever. With inventory at multi-year highs and rates holding steady, the leverage is yours. That doesn’t mean you should be reckless, but it does mean you can negotiate with strength.

Whether you’re looking for a first home, upsizing, or investing, smart, strategic moves today can pay off long term — especially if prices continue to flatten through Q3.

Key move:

Partner with someone who knows how to read the market, navigate multiple offers (yes, they still happen!), and spot undervalued listings before others do.

🔹 For Everyone

This isn’t the panic market some feared — but it’s also not the fast-paced seller’s market we’ve known. It’s transitional, opportunity-rich, and not for the unprepared.

It’s about understanding the data, trusting your instincts, and working with someone who lives and breathes this market.