This September, the housing market across Greater Vancouver and the Fraser Valley is defined by one theme: choice. Inventory has climbed to some of the highest levels in a decade, giving buyers more leverage, while sellers adjust to compete in a more balanced environment.
Greater Vancouver: Easing Prices, Steady Sales
Greater Vancouver posted 16,242 active listings in August — nearly 18% higher than last year and almost 37% above the 10-year average. Sales reached 1,959, a 2.9% increase from August 2024, but still below long-term norms.
The benchmark price eased 1.3% month-over-month to $1,150,400, encouraging buyers to step back in. The Sales-to-Active Listings Ratio sits at 12.4% overall, balanced but tilted in buyers’ favor for detached homes at 9.3%.
Takeaway: Prices are softening, and confidence is slowly returning. If trends continue, today’s abundant inventory could tighten as more buyers act this fall.
Fraser Valley: High Supply, Buyer’s Advantage
The Fraser Valley recorded 931 sales in August, down 22% from July and 13% year-over-year. Active listings held at 10,445, 21% higher than last year, while new listings slipped 19% month-over-month.
Benchmark prices also declined: detached homes $1,436,800 (-1.0% MoM), townhomes $807,800 (-0.9% MoM), condos $514,100 (-1.0% MoM). With a sales-to-active ratio of 9%, the Valley is firmly in buyer’s market territory.
Takeaway: Buyers have more time, more choice, and more negotiating power. Sellers must price sharply and stay flexible to stand out.
What Buyers, Sellers, and Investors Should Know
Buyers: Confidence comes from preparation. Pre-approvals lock in leverage before rates shift. Look at listings that have sat 30–60+ days for motivated sellers.
Sellers: Hope pricing won’t work. Professional presentation, realistic pricing, and flexibility on terms are critical.
Investors: Rental demand remains strong near transit and schools. Assignments and pressured condo resales continue to offer below-market opportunities.
Policy & Economic Pulse
Rates: The Bank of Canada held its policy rate at 2.75% in August. Core inflation remains sticky at 3.2%, while headline inflation is cooling closer to 2%. Bond markets expect at least one cut before year-end.
Policy Measures: The GST rebate on new builds, the Housing Accelerator Fund, and modular housing initiatives are all aimed at boosting long-term supply.
Debt Pressures: Canadian households are carrying record consumer debt, creating caution even as relief may be on the horizon.
Spotlight: Lot 6, Birchwood Estates
At 14,520 sq. ft., Lot 6 at Birchwood Estates is a rare custom-build opportunity in Anmore. Priced at $3.52M, this home offers luxury, flexibility, and long-term value compared to older resales. With space for multi-generational living, rental suites, or custom finishes, Lot 6 is more than a home — it’s a legacy.
Final Thought
This is not a panic market — it’s a precision market. With inventory peaking and sellers adjusting, buyers and sellers both have unique ways to win this fall. The key is clarity: align your move with today’s conditions, not yesterday’s headlines.
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.