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.