September 2025 Vancouver Housing Update
🏙️ Market Overview
August saw a modest lift in activity across Vancouver and North Vancouver as easing prices encouraged more buyers to re-engage. We had a busier than average summer as the normal spring sales activity was spread into the summer. While sales remain below long-term averages, detached and townhouse segments showed renewed strength, suggesting higher-end buyers are gradually stepping back into the market 🏡. Conditions remain balanced-to-soft, but the gap between buyers and sellers continues to narrow.
📉 Market Conditions
The Bank of Canada 🏦 will make its next rate announcement on September 17th. Current economic data is mixed — inflation has eased slightly, but shelter costs remain elevated, making it difficult to predict whether the BoC will hold or cut. Many buyers and sellers are watching this closely, as the decision could influence confidence and timing heading into the fall market.
Across Vancouver and North Vancouver, inventory stayed elevated while sales-to-active listings ratios trended near or just below balanced conditions:
Metro Vancouver sales: 1,959 (⬆ 2.9% YoY, but 19% below 10-year average)
Sales-to-active listings ratio: 12.4% overall (Detached: 9.3%, Townhomes: 15.8%, Condos: 14%)
Inventory: ~16,242 listings (⬆ 17.6% YoY, well above average)
📊 Key Stats
🏙️ City of Vancouver
(combined East & West benchmarks from GVR data)
🏠 Detached: Vancouver East $1,785,000 (⬇ 4.5% YoY) | Vancouver West $3,264,900 (⬇ 5.6% YoY)
🏘️ Townhomes: Vancouver East $1,077,700 (⬇ 6.6% YoY) | Vancouver West $1,395,000 (⬇ 4.2% YoY)
🏢 Condos: Vancouver East $679,000 (⬇ 3.7% YoY) | Vancouver West $804,800 (⬇ 5.7% YoY)
🌲 North Vancouver
🏠 Detached: $2,174,600 (⬇ 4.2% YoY)
🏘️ Townhomes: $1,286,900 (⬇ 3.1% YoY)
🏢 Condos: $794,800 (⬇ 1.0% YoY)
Sales-to-active ratios: Detached ~9%, Townhomes ~16%, Condos ~14% — softer than July, reflecting balanced-to-buyer leaning conditions ⚖️.
🔮 Looking Forward
Fall 🍂 is shaping up to be busier than we’ve seen all year. With buyer and seller expectations aligning and price adjustments already made in many segments, demand is poised to build momentum heading into September and October. If sales continue to rise while new listings moderate, conditions could quickly tilt toward a more competitive market. Buyers still hold good leverage today, but that window may begin narrowing as fall unfolds.
If you’re thinking of making a move in 2025 feel free to reach out to me or Steve Saretsky.
78 homes sold last year and happy to help you too!
Feel free to reach out if you want to connect with me! 778-951-5853 LUKE@SARETSKYGROUP.COM
^ Book a call with me to discuss your options here ^
Luke Annunziello | Vancouver Realtor
About Luke
Luke is a real estate professional with a distinguished career as a realtor since 2019, specializing in the Greater Vancouver market. His expertise extends beyond traditional real estate services, as he possesses a comprehensive understanding of property renovations, accumulated over a period of seven years. Clients appreciate Luke for his friendly nature and ability to establish rapport, making complex transactions more accessible.
Luke is a part of the esteemed Saretsky group which is part of the top 1% of all realtors in Vancouver. This affiliation with the Saretsky group translates into a range of benefits for his clients. From market expertise and extensive networks to enhanced marketing capabilities and exclusive opportunities, Luke can provide a superior level of service and results for those seeking assistance in the competitive Vancouver real estate market.
When not doing real estate transactions you can find him playing hockey, snowboarding on the mountains or spending time with his wife and daughter. Whether navigating the dynamic Vancouver market or incorporating renovation insights into property dealings, Luke stands as a reliable and professional ally, ensuring a seamless and positive experience for his clientele.
Whether you're looking to buy or sell a property in North Vancouver or elsewhere in Vancouver, Luke is the agent you can trust to guide you through the process and achieve your goals.
