June 2025 Greater Vancouver Realtors Statistics – Home sale trend stabilizing in June
VANCOUVER, BC – July 3, 2025 – The number of Metro Vancouver homes sold in June 2025 was near the lowest levels seen in June in the last 25 years. The number of new listings rose again, pushing the total number of properties listed for sale on the MLS® to levels not seen since summer 2020.
The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,418 in June 2025, a 19.1 per cent decrease from the 2,989 sales recorded in June 2024. This was 23.6 per cent below the 10-year seasonal average (3,166).
“June followed the trend we’ve been watching where buyers appear to be waiting on the sidelines for a clearer signal on the direction of mortgage rates before jumping into the market,” said Andrew Lis, GVR’s director of economics and data analytics. “The surprise rate hold from the Bank of Canada last month wasn’t enough to spur a significant number of buyers back into the market, and with inflation trending in the right direction, the bond market is forecasting additional rate cuts in the latter half of the year. This could bring some pent-up demand back into the market in the fall—although that’s still something many are waiting to see reflected in the mortgage rates offered by banks and credit unions.”
There were 5,723 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2025. This represents a 9.7 per cent decrease compared to the 6,335 properties listed in June 2024. This was 3.3 per cent below the 10-year seasonal average (5,920).
The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 17,558, a 23.2 per cent increase compared to June 2024 (14,255). This is 37.1 per cent above the 10-year seasonal average (12,807).
Across all detached, attached and apartment property types, the sales-to-active listings ratio for June 2025 is 13.8 per cent. By property type, the ratio is 10.2 per cent for detached homes, 17.1 per cent for attached, and 16.5 per cent for apartments.
Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.
“With market trends now tilting back toward more balanced conditions, or even a buyers’ market in some segments, we expect to see slower price growth over the coming months, and even some modest month-over-month price declines in select areas—again, all of this depends on the trajectory of mortgage rates,” Lis said.
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,168,800. This represents a 3.3 per cent decrease over June 2024 and a 0.7 per cent decrease compared to May 2025.
Sales of detached homes in June 2025 reached 693, a 15.8 per cent decrease from the 823 detached sales recorded in June 2024. The benchmark price for a detached home is $1,975,800. This represents a 4.7 per cent decrease from June 2024 and a 1.1 per cent decrease compared to May 2025.
Sales of apartment homes reached 1,116 in June 2025, a 21.4 per cent decrease compared to the 1,420 sales in June 2024. The benchmark price of an apartment home is $753,300. This represents a 3.0 per cent decrease from June 2024 and a 0.5 per cent decrease compared to May 2025.
Attached home sales in June 2025 totalled 609, a 19.7 per cent decrease compared to the 758 sales in June 2024. The benchmark price of a townhouse is $1,098,400. This represents a 3.6 per cent decrease from June 2024 and a 0.8 per cent decrease compared to May 2025.
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