As we review the latest Metro Vancouver real estate data, it’s clear that the market remains highly segmented by property type. In late Q3, overall home sales reached 1,700—about 8% lower than last year and roughly 25% below the ten-year seasonal average. What stands out most is the notable slowdown in apartment transactions: sales in this segment dropped nearly 19%, while detached and attached homes showed more resilience. New listings declined about 10% year-over-year to 5,900, though that figure still sits 6% above the decade norm. Active inventory climbed to 16,400, a level about 24% higher than the long-term average. The sales-to-active listings ratio hovered near 11%, just under the 12% level historically associated with sustained price pressure here in Vancouver. The benchmark price for Metro Vancouver settled near $1.08 million in late Q3, down 6% from a year ago and a touch lower month-over-month. Across all property segments, we’ve seen a cumulative decrease of about 3% since the start of the year.
With over 16 years advising families, newcomers, and global investors on Vancouver real estate, I know firsthand how these shifts can influence both short-term decisions and long-term strategies—especially for those navigating cross-border or investment-focused moves. As always, understanding the nuances behind these numbers is key to building lasting value in our dynamic market.
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