VANCOUVER EAST JULY HOUSE MARKET
Attached please find the latest statistics from Greater Vancouver Realtors.
The News Release cautiously answers ‘yes’ to the question: will the signs of recovery seen in June continue into July? Last month Buyers, taking comfort in more certainty from the steady Bank of Canada rate, continue winnowing away at the healthy inventory that has built up. There is now a balancing trend in the Metro Vancouver market but continued accelerated buying could turn things more favourably for Sellers. Year to year newly listed properties are up 0.8 percent while last month’s total inventory is 19.8 percent higher than July 2024. This July recorded a two percent decrease in residential sales compared to last July while the composite value of all properties is 2.7 percent lower July to July.
The graph shows a 0.3 percent dip from June to July for the average price of Metro Vancouver detached properties. The benchmark price for houses in July 2025 is 3.6 percent below the previous July. Year to year the volume of detached home sales drops 4.1 percent.
July 2025 east side house prices are 3.9 percent below those of the previous July. Year over year Vancouver east detached sales tumble 29.2 percent. July to July east side inventory is at par.
From June to July east side house sales drop 33.7 percent. Month to month east side inventory is down 21.8 percent.