October 2025 GVR Residential Market Report
In October 2025, residential home sales across Metro Vancouver dropped by about 14% compared to the same month last year, reflecting a market that’s slowing down as inventory rises and buyers gain more leverage. According to the Greater Vancouver REALTORS® (GVR), 2,255 homes changed hands last month—down 14.3% from 2,632 in October 2024 and 14.5% below the 10-year seasonal average.
Sales decline: Total residential sales hit 2,255 in October 2025, a notable drop from 2,632 a year earlier.
Below seasonal norms: Activity was 14.5% lower than the region’s 10-year average for October, suggesting the market is performing at a slower-than-usual pace.
Shift toward buyers: With sales easing and listings accumulating, market conditions have tilted in favour of buyers, who now hold more negotiating power.
By property type:
Detached homes: Sales reached 693 in October 2025, a 4.3% decrease from 724 the previous year. The benchmark price for detached homes is $1,916,400, which is down 4.3% year-over-year and 0.9% from September. Greater Vancouver REALTORS®+2Real Estate North Shore+2
Attached homes (townhouses): Sales totalled 477 in October, down 4.8% from 501 in October 2024. The benchmark price sits at $1,066,700, down 3.8% from a year earlier and 0.3% from September. Real Estate North Shore
Apartments (condos): Sales dropped to 1,071 units, a sharp 23.1% decrease from 1,393 last year. The benchmark price is $718,900, down 5.1% from October 2024 and 1.4% from September.
Link: https://members.gvrealtors.ca/news/GVR-Stats-Package-October-2025.pdf
*All credits to GVR
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.