The Vancouver real estate market is shifting in June 2025, showing signs of softening as inventory rises and home prices in Vancouver begin to decline. For buyers, this presents an opportunity to enter the market with more options and negotiating power. For sellers, competitive pricing and preparation are now more critical than ever.
📊 Vancouver Housing Prices – June 2025
According to Zolo, the average home price in Vancouver is now $1,313,784, marking a 5.8% monthly decrease and a 13.7% drop compared to June 2024. This signals a clear cooling in the Metro Vancouver housing market.
- Detached Homes: Average price is $1,997,400, down 3.2% YoY
- Townhouses: Benchmark price at $1,106,800, down 3.4% YoY
- Condos: Average price sits at $757,300, down 2.4% YoY
(Source)
These figures reflect how Vancouver housing prices are adjusting amid rising supply and buyer hesitation due to interest rate pressures.
🏠 Vancouver Home Sales Decline
In May 2025, home sales in Vancouver totaled 2,228, according to the Real Estate Board of Greater Vancouver. That’s 18.5% lower than May 2024 and 30.5% below the 10-year seasonal average.
- Detached home sales dropped 22.7% YoY
- Townhouse sales fell by 10.3%
- Condo sales declined by 18.8%
(Source)
With more listings and fewer sales, the sales-to-active listings ratio is now at 13.4%, indicating a balanced housing market that slightly favors buyers.
🏘️ Vancouver Housing Inventory Hits 10-Year High
A major driver behind falling prices is rising inventory. There are now over 17,000 active listings in Metro Vancouver—a 25.7% increase from the same time last year. According to Zolo, homes are sitting on the market for a median of 25 days, and sellers are receiving around 97% of their asking price.
📉 Vancouver Real Estate and Interest Rates
The Bank of Canada held its key policy interest rate at 2.75% in June, citing inflation concerns and economic uncertainty. While rate stability might help hesitant buyers regain confidence, affordability remains tight.
(CMHC source)
🏗️ Government Policy & Vancouver Housing Supply
To improve affordability and housing availability, the provincial government under David Eby has:
- Eliminated single-detached zoning in urban areas
- Increased density allowances near transit hubs
- Promoted faster permit approvals and multi-family builds
(Source)
These policy changes in Vancouver housing are designed to ease pressure on the real estate market in BC and meet demand.
🔮 Vancouver Housing Market Forecast – 2025 and Beyond
With record-high inventory, falling prices, and declining sales, the Vancouver real estate forecast for 2025 leans toward a buyer’s market. That said, pricing and demand will continue to be shaped by interest rates, immigration trends, and policy effectiveness.
For those considering a purchase, this could be an opportune moment to enter the Vancouver housing market at a lower cost than in recent years.
Canada Housing Market 
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