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Vancouver Housing Market Update (June 2025): Signs of Recovery as Rates Fall

Published on June 10, 2025 by Rob Bhullar in Market Updates
Vancouver Housing Market Update (June 2025): Signs of Recovery as Rates Fall

Market Recovery in Progress

Vancouver's housing market is experiencing a recovery driven by falling interest rates, improved affordability, and renewed buyer confidence. Sales activity is up significantly while maintaining balanced inventory levels.

Key Market Statistics (June 2025)

$1.40M
Average Home Price
↓ 2.0% vs peak (2024)
3,600
Sales This Month
↑ 26.0% vs last year
5,000
Active Listings
↑ 4.0% vs last month

Market Trends by Property Type

Detached Homes

$1.97M
Average Price
↓ 6.5% vs peak
+29%
Sales Volume
vs last year
2.9 months
Inventory Supply
Balanced market
20 days
Avg. Days on Market
↓ 8 days

Condominiums

$750K
Average Price
↓ 5.0% vs peak
+23%
Sales Volume
vs last year
2.2 months
Inventory Supply
Seller's market
17 days
Avg. Days on Market
↓ 5 days

Townhomes

$1.23M
Average Price
↓ 6.0% vs peak
+32%
Sales Volume
vs last year
2.6 months
Inventory Supply
Balanced market
18 days
Avg. Days on Market
↓ 7 days

What's Driving the Recovery?

Recovery Drivers

  • • Interest rates down 1.75% from peak
  • • Improved mortgage affordability
  • • Pent-up buyer demand being released
  • • Enhanced first-time buyer programs
  • • Economic stability and job growth
  • • Immigration targets supporting demand

Market Fundamentals

  • • Population growth continues
  • • Limited land supply constraints
  • • Strong employment market
  • • Infrastructure investments
  • • Tech sector expansion
  • • International investment returning

Regional Performance

Vancouver West

$2.67M
Avg. Detached Price
↓ 5.0% vs peak
$900K
Avg. Condo Price
↓ 5.5% vs peak
+25%
Sales Change
vs last year
3.0 mo
Inventory
Balanced

Vancouver East

$1.77M
Avg. Detached Price
↓ 7.5% vs peak
$690K
Avg. Condo Price
↓ 4.5% vs peak
+30%
Sales Change
vs last year
2.4 mo
Inventory
Seller's market

Richmond & Burnaby

$1.60M
Avg. Detached Price
↓ 6.5% vs peak
$650K
Avg. Condo Price
↓ 5.0% vs peak
+27%
Sales Change
vs last year
2.7 mo
Inventory
Balanced

Market Outlook

Positive Indicators

  • • Rate Environment: Further cuts expected in 2025
  • • Buyer Confidence: Pre-approval applications up 40%
  • • New Supply: Construction starts increasing
  • • Economic Growth: BC economy outperforming Canada
  • • Employment: Job market remains strong

Challenges to Watch

  • • Affordability: Still challenging for many buyers
  • • Supply Constraints: Limited inventory in some segments
  • • Policy Changes: Potential new government measures
  • • Global Factors: Economic uncertainty abroad

What This Means for You

For Buyers

  • • Improved Affordability: Lower rates mean higher buying power
  • • More Options: Inventory levels are healthy
  • • Less Competition: Multiple offers less common
  • • Better Financing: Enhanced government programs available
  • • Timing Opportunity: Prices still below peak levels

For Sellers

  • • Renewed Demand: More qualified buyers in the market
  • • Faster Sales: Days on market decreasing
  • • Price Stability: Values stabilizing after correction
  • • Strategic Timing: Spring market showing strength
  • • Professional Marketing: Showcase your property effectively

Ready to Make Your Move in Vancouver?

Whether you're buying or selling, now is the time to take advantage of the recovering Vancouver housing market. With rates falling and demand increasing, let's discuss your options and create a winning strategy.

Free Market Analysis View Current Listings

Disclaimer: Market conditions are subject to change. This analysis is based on data available as of June 2025 and is for informational purposes only. Consult with a qualified real estate professional for personalized advice.