Aug 10, 2025
Vancouver Real Estate Update – August 2025
1. Sales are growing slowly and there are many homes for sale
The Greater Vancouver Realtors say there were 2,286 home sales in July 2025. That is a little less than last year and much lower than the average for the last ten years. At the same time, more people are listing their homes, so there are 17,168 homes for sale. This is about 40 per cent more than usual. Because there are so many homes and not as many buyers, people who are looking to buy have lots of choices.
In the Fraser Valley area, there were 1,190 sales in July. This is almost the same as the month before, but fewer than last year. There are also many homes for sale there, so it is a good time for buyers.
2. Lots of new condos are finished and prices are coming down
A report from Rory C Real Estate says more than 3,000 new apartments were completed in June 2025, almost twice as many as the year before. Many builders started these projects when interest rates were low. Now that rates are higher, there are more condos than buyers.
Another survey found that downtown condo prices fell from $1,264 per square foot in early 2024 to $1,206 per square foot in the first half of 2025. The benchmark price for all homes in Greater Vancouver is $1,165,300, and condo prices in the Fraser Valley are about $519,300. These numbers are all lower than last year.
3. High loan rates and economic worries shape buyers
Interest rates are high right now. Many people pay around 6 per cent on variable mortgages and about 4–5 per cent on fixed mortgages. Because of these costs and worries about trade and the economy, some buyers and sellers are waiting to see what happens. It means people need to be careful about how much they can afford.
4. Presale market offers deals for careful buyers
There are fewer new condo projects starting, and some investors are trying to sell units they bought before. Both the Greater Vancouver and Fraser Valley markets have sales‑to‑listings ratios below 15 per cent, which means buyers have the upper hand. Sellers are working harder to make their homes appealing by staging them, fixing them up and setting realistic prices.
For buyers interested in presale units, developers may offer flexible payment plans or discounts. It is smart to check the builder’s history and be sure you can handle your mortgage when the project is finished.
5. What to expect next
Because there are so many homes for sale and buying is slow, prices may stay flat or go down a bit more this year. If interest rates start to fall in 2026, more buyers might return and the market could get busier. Until then, people who buy now can find good prices and extra incentives.
Overall
The Vancouver condo and presale market is now friendly for buyers. If you do your homework and stay within your budget, you can find good opportunities. Sellers and builders need to focus on value and fair pricing to make a sale.
Sources: Greater Vancouver Realtors Statistics • Fraser Valley Real Estate Board Statistics • Rory C Real Emmigration-investor-retreat-among-factors-in-vancouver-condo-market/ • https://wowa.ca/vancouver-housing-market
