Home sales down in Metro Vancouver, Fraser Valley: reports
Posted August 5, 2025 8:52 am.
Real estate sales numbers across Metro Vancouver and the Fraser Valley dipped slightly in July compared to a year ago, and remain well below the 10-year average.
The Fraser Valley Real Estate Board (FVREB) says cautious buyers and optimistic sellers still have different expectations, and realistically priced homes are the ones that are selling.
CLICK HERE TO LISTEN TO 1130 NEWSRADIO VANCOUVER LIVE!The Greater Vancouver Realtors (GVR) frame July’s numbers as more early signs of a recovery, now down only two percent from a year ago.
A GVR report Tuesday shows 2,286 homes sold in the region in July.
“This was 13.9 per cent below the 10-year seasonal average (2,656),” the report explained.
In the Fraser Valley, the FVREB says July sales were 23 per cent below the 10-year average.
“The housing market, like other sectors, continues to process the effects of the ongoing tariff threats,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board.
“Buyers and sellers are taking measures to offset the anticipated impacts, knowing that the economic effects of tariffs will likely take some time to be fully realized throughout the system.”
The GVR says that with a surplus of housing supply, sale prices have also dipped.
“The benchmark price for a detached home is $1,974,400 [in Metro Vancouver]. This represents a 3.6 per cent decrease from July 2024 and a 1 per cent decrease compared to June 2025.”
Andrew Lis, GVR’s director of economics and data analytics, says the “healthy inventory” is sufficient to keep prices “trending sideways,” but says that could change.
“If the recovery in sales activity accelerates, these favourable conditions for home buyers may begin slowly slipping away, as inventory levels decline, and home sellers gain more bargaining power.”
