The fall market has officially tipped in favour of buyers across Metro Vancouver.
After months of shifting momentum, inventory climbed to over 17,000 homes in September — up more than 14% compared to last year, marking one of the most active Septembers in two decades.
📈 More Homes, Softer Demand
Home sales remained steady, rising just over 1% year-over-year, but activity still sits about 20% below the ten-year seasonal average. This combination of rising listings and moderate demand points to a softer, more balanced housing market heading into the final quarter of 2025.
💸 Prices Continue to Ease
Prices continued their gentle decline through early fall.
The MLS® Home Price Index (HPI) benchmark across all property types now sits at $1,142,100, down roughly 3% from September 2024.Breaking it down:
- Detached homes: $1.93 million (down 4.4%)
- Townhomes: $1.07 million (down 2.7%)
- Condos: $729,000 (down 4.4%)
While these price adjustments may feel small, they’re creating more breathing room for buyers who spent much of the past few years competing in ultra-tight conditions.
🔍 Why Buyers Hold the Advantage
Despite the price softening and surge in listings, many potential buyers remain cautious — waiting for another Bank of Canada rate cut before making their move. That hesitation means serious, active buyers now have more leverage: more selection, longer negotiation windows, and a chance to secure better terms. For sellers, this makes pricing strategy and presentation absolutely critical. Properties that show well and are accurately priced for today’s conditions are still moving — while overpriced listings tend to sit.
🔮 Looking Ahead to Year-End
Market analysts expect that if another rate cut arrives before the end of 2025, we could see a wave of pent-up demand returning early next year.Until then, conditions clearly favour buyers, offering one of the most balanced markets Metro Vancouver has seen in recent years.
💬 Thinking About Your Next Move?
Whether you’re buying your first condo, upsizing, or considering a fall listing, it’s important to have a strategy tailored to your neighbourhood and price point.
📩 Let’s chat about your next move— I’ll help you make this market work in your favour.
