As we move through late Q3, Metro Vancouver’s real estate landscape is showing some interesting contrasts. Total home sales reached about 1,700, down roughly 8% from last year and sitting 25% below the 10-year seasonal average. The most notable change? Apartment sales slid nearly 19%, making them the softest segment, while detached and attached homes proved more resilient. This year, we’re seeing a real divergence in how property types are performing across Vancouver.

New listings came in at 5,900—down 10% year-over-year, but still about 6% higher than the 10-year average—while active inventory climbed to 16,400, which is almost a quarter above long-term norms. The sales-to-active listings ratio held near 11%, just below the 12% threshold that, historically, signals sustained price pressure in Vancouver. Meanwhile, the benchmark price hovered around $1.08M, marking a 6% year-over-year decrease and a modest dip month-over-month. Since the beginning of the year, all segments have edged down about 3%.

For those looking to buy or sell, understanding these shifts is essential. With over 30 years helping clients in Greater Vancouver and the Fraser Valley, I believe that keeping informed is the best way to make confident decisions—whether you’re charting your next move or simply staying up to date with your community’s market dynamics.