Metro Vancouver sales rise 10%; Fraser Valley buyers keep the upper hand

Metro Vancouver’s housing market showed fresh signs of life in June, with home sales rising across every major property type, though an abundance of listings continued to keep prices in check.

Greater Vancouver Realtors (GVR) reported 2,390 residential sales in June, up 9.6 per cent from 2,181 a year earlier. Sales, however, remained 12.4 per cent below the 10-year seasonal average.

Andrew Lis, the board’s chief economist and vice-president of data analytics, said the increase across detached homes, townhouses and apartments could be an early sign that buyer demand is beginning to return after several years of uneven market activity.

Detached home sales rose 13.7 per cent year over year, while apartment sales increased 6.1 per cent and attached home sales climbed 11.4 per cent.

Supply remains well above average

New listings totalled 5,938 in June, down six per cent from a year earlier but still 5.9 per cent above the 10-year seasonal average.

The number of active listings stood at 17,017, down 3.1 per cent year over year but roughly 30 per cent above the long-term average, giving buyers plenty of choice.

A change in these conditions may be on the horizon, however, said Lis.

“It’s still too early to call, but if the current pattern of rising demand and slower new listings continues, we may see a sustained downtrend in inventory over the coming months,” he said.

The overall sales-to-active listings ratio reached 14.6 per cent, placing the market in balanced territory. By property type, the ratio was 12 per cent for detached homes, 17.8 per cent for attached homes and 15.5 per cent for apartments.

Lis said the supply of homes on the market has so far been enough to absorb the increase in demand, preventing prices from gaining momentum.

The composite benchmark price for all residential properties was $1,099,100 in June, down six per cent from a year earlier and essentially unchanged from May.

“Despite signs that demand is slowly returning to the market, prices haven’t moved much in recent months as the inventory of homes for sale has been big enough to absorb the increased demand,” Lis said.

Fraser Valley prices continue to soften

Home prices in the Fraser Valley continued to ease in June, pushing affordability further from the market’s 2022 peak, although buyer activity remained subdued.

The Fraser Valley Real Estate Board (FVREB) recorded 1,147 sales during the month, up two per cent from May but down four per cent compared with June 2025.

Benchmark home prices were virtually unchaged from May and were down seven per cent year over year to $884,800. The board said prices now sit 26 per cent below their 2022 peak.

“The Fraser Valley spring market has underperformed expectations despite improving affordability and more choice for buyers,” said board chair Ishaq Ismail.

“Opportunities are clearly there. The question is whether qualified buyers on the sidelines recognize the value available today. For those looking to enter the market or move up, current conditions present a compelling opportunity.”

Buyers remain in the driver’s seat

Seller activity held steady, with 3,303 new listings in June, virtually unchanged from May but nine per cent lower than a year earlier.

The Fraser Valley entered July with 10,377 active listings, maintaining a level of supply that continues to favour buyers.

The sales-to-active listings ratio was 11 per cent in June, below the 12 to 20 per cent range typically associated with a balanced market.

Single-family homes took an average of 37 days to sell in June, while townhouses averaged 33 days on the market and condominiums averaged 38 days.

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