GVR Market Update For October 2025 – Is Vancouver’s Housing “Slowdown” The New Normal?

The October 2025 market report released by the Greater Vancouver Realtors (GVR) once again revealed that sales remained sluggish and inventory remained at higher-than-normal levels, maintaining favorable conditions for buyers. The key metrics aren’t really going down that quickly – they are just sort of stuck at the same levels.

In his monthly commentary, Andrew Lis, GVR chief economist and vice-president data analytics said, “October is typically the last month of the year where sales activity sees a seasonal uptick, but sales still fell short of last year’s figures and the ten-year seasonal average. Even the fourth cut this year to the Bank of Canada’s policy rate this October wasn’t enough to entice more buyers back into the market.”

Home Sales
In October, residential homes sales in the region reached 2,255 units. This was a 14.3% decrease from the 2,632 sales recorded in October 2024, and 14.5% below the 10-year seasonal average of 2,638.

– The number of detached properties sold was 693, a 4.3% decrease compared to the 724 detached sales recorded in October 2024.

– The number of apartments sold was 1,071, a 23.1% decrease compared to the 1,393 units sold in October 2024.

– The number of attached properties sold was 477, a 4.8% decrease compared to the 501 sales in October 2024. 

This represented a 0.3% decrease compared to the 5,452 homes listed in October 2024 and 16.3% above the 10 year seasonal average of 4,676.

The total number of homes listed for sale in October on the MLS® system in Metro Vancouver was 16,393, a 13.2% increase when compared to the 14,477 listed in October 2024. This was also 35.9% above the 10-year seasonal average of 12,063.

Sales-To-Active-Listings Ratio
This is a good indication of the supply and demand forces in the market. Downward pressure on home prices can occur when the ratio dips below 12% for a sustained period, and home prices can experience upward pressure when the ratio is above 20% for sustained periods.

For all property types, the ratio in October 2025 was 14.2%. When broken down by property types, the ratio was:

• 11.3 % for detached homes.
• 17.6 % for townhomes.
• 15.5 % for condominiums 

Home Prices
In November, the MLS Home Price index composite benchmark price for all residential properties in Metro Vancouver was $1,132,500. This represented a 3.4% decrease over October 2024 and a 0.8% decrease when compared to September 2025.

Click here for a full report.

The real estate landscape in Vancouver is improving. If you are buying or selling a home, you need to get in touch with an experienced real estate company such as ours to navigate this dynamic market. Contact us by email or call us on 604 913 1000.