VANCOUVER WEST JULY APARTMENT 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 0.5 percent uptick from June to July for the average condominium sale price in Metro Vancouver. This July compared to last July, the overall benchmark price of an apartment repeats a 3.2 percent decline. Year to year condo sales volume dips 2.9 percent.
July 2025 versus the previous July, the benchmark price for west side condos is 3.4 percent lower. Vancouver west apartment sales recede two percent July to July. Year to year west side apartment inventory decreases 11.4 percent.
From June to July, Vancouver west apartment sales are up 4.3 percent. Month to month west side condo inventory declines 15.4 percent.