THE STILHAVN REPORT
A BRIEF UPDATE ON THE LATEST SALES, LISTINGS, AND MEDIAN SALE PRICE ACTIVITY
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THE MARKET
As households settle into fall routines, October brings a renewed focus after the busyness of summer and the back-to-school season. The housing market reflects this more balanced and consistent rhythm of activity.
Following the Bank of Canada’s latest rate cut, conditions have improved slightly for buyers, with easing prices and better borrowing terms helping sustain steady engagement across the market. Well-priced listings stand out across many segments, attracting consistent attention as the market moves through the fall season.
Home sales registered on the MLS® in Metro Vancouver* were 14 per cent lower than last October, as the trend of slower sales and growing inventory creates increasingly favourable conditions for those looking to buy in the fall market.
“October is typically the last month of the year where sales activity sees a seasonal uptick, but sales still fell short of last year’s figures and the ten-year seasonal average. Even the fourth cut this year to the Bank of Canada’s policy rate this October wasn’t enough to entice more buyers back into the market,” said Andrew Lis, Greater Vancouver REALTORS’ director of economics and data analytics.
OCTOBER MARKET HIGHLIGHTS
RESIDENTIAL SALES
The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,255 in October 2025, a 14.3 per cent decrease from the 2,632 sales recorded in October 2024. This was 14.5 per cent below the 10-year seasonal average (2,638).
INVENTORY + HOME PRICE DATA ANALYSIS
There were 5,438 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in October 2025. This represents a 0.3 per cent decrease compared to the 5,452 properties listed in October 2024. This was 16.3 per cent above the 10-year seasonal average (4,676).
The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 16,393, a 13.2 per cent increase compared to October 2024 (14,477). This total is 35.9 per cent above the 10-year seasonal average (12,063).
Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.
METRO VANCOUVER HOME SALES BY PROPERTY TYPE
Across all detached, attached and apartment property types, the sales-to-active listings ratio for October 2025 is 14.2 per cent. By property type, the ratio is 11.3 per cent for detached homes, 17.6 per cent for attached, and 15.5 per cent for apartments.
Detached Homes
Sales of detached homes in October 2025 reached 693, a 4.3 per cent decrease from the 724 detached sales recorded in October 2024. The benchmark price for a detached home is $1,916,400. This represents a 4.3 per cent decrease from October 2024 and a 0.9 per cent decrease compared to September 2025.
Apartment Homes
Sales of apartment homes reached 1,071 in October 2025, a 23.1 per cent decrease compared to the 1,393 sales in October 2024. The benchmark price of an apartment home is $718,900. This represents a 5.1 per cent decrease from October 2024 and a 1.4 per cent decrease compared to September 2025.
Attached Homes
Attached home sales in October 2025 totalled 477, a 4.8 per cent decrease compared to the 501 sales in October 2024. The benchmark price of a townhouse is $1,066,700. This represents a 3.8 per cent decrease from October 2024 and a 0.3 per cent decrease compared to September 2025.
1 Areas covered by Greater Vancouver REALTORS® include: Bowen Island, Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.
2 On February 12, 2024, The Real Estate Board of Greater Vancouver changed its organizational name to the Greater Vancouver REALTORS®.
3 The national MLS® Home Price Index (MLS® HPI) operations group underwent an annual review of the model in May in-line with statistical best practices. The attributes and neighbourhoods within the model were updated based on sales data to more accurately reflect current market conditions. To ensure the MLS® HPI coverage is consistent and comparable, historical aggregate and composite data has been recalculated.
METRO VANCOUVER
METRO VANCOUVER
Metro Vancouver
$2,000,000
METRO VANCOUVER
Condo Report –
METRO VANCOUVER
METRO VANCOUVER
Metro Vancouver
$2,000,000
RICHMOND
RICHMOND
RICHMOND
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$0 $500,000
LADNER
LADNER
Condo
$3,000,000
$2,000,000
Ladner
October 2025
LADNER
$923,700 $1,010,900$1,022,900$1,009,500
TSAWWASSEN
TSAWWASSEN
Condo
$2,000,000
Tsawwassen
TSAWWASSEN
01-200601-200801-201001-201201-201401-201601-201801-202001-202201-2024
VANCOUVER WEST
VANCOUVER WEST
VANCOUVER WEST
Vancouver - West
VANCOUVER WEST
Vancouver - West
$2,000,000
VANCOUVER WEST
Vancouver - West
VANCOUVER WEST
Vancouver - West
$0 $1,000,000 $2,000,000 $3,000,000 $4,000,000
$556,600$614,700$609,400$647,900$665,000$733,000$703,000$735,400$769,400
01-200601-200801-201001-201201-201401-201601-201801-202001-202201-2024
VANCOUVER EAST
VANCOUVER EAST
VANCOUVER EAST
Vancouver - East
VANCOUVER EAST
Vancouver - East
Condo Report – October 2025
$2,000,000
Vancouver - East
$2,000,000
VANCOUVER EAST
Vancouver - East
$0 $500,000 $1,000,000 $1,500,000 $2,000,000
$243,000$278,300$281,200$291,900$301,800$312,800$319,300
Average Price Per Square Foot
$1,705,800$1,714,400 $1,871,700$1,891,900 $1,749,100
$1,038,900$1,014,100 $1,116,200$1,156,400 $1,053,900
BURNABY NORTH
Burnaby North
BURNABY NORTH
$3,000,000
BURNABY NORTH
Burnab y North
BURNABY NORTH
$2,000,000
$2,000,000
BURNABY NORTH
BURNABY NORTH
Burnab y North
$2,500,000
$2,000,000
$1,500,000
$317,100$353,300$355,100$358,500$381,900$402,400$389,200$398,800$417,100$437,300
$2,075,100$2,130,700 $1,981,900
$677,800$730,600$766,500$745,000$707,900
BURNABY SOUTH
Burnaby South
BURNABY SOUTH
Burnab y South
BURNABY SOUTH
$3,000,000
BURNABY SOUTH
BURNABY SOUTH
Burnab y South
BURNABY SOUTH
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$0 $500,000
Average Price Per Square Foot
NORTH VANCOUVER
NORTH VANCOUVER
NORTH VANCOUVER
North Vancouver
NORTH VANCOUVER
North Vancouver
Condo
$3,000,000
REALTOR® Report
NORTH VANCOUVER
Report
NORTH VANCOUVER
North Vancouver
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$0 $500,000
$457,600$495,900$500,000$514,700$520,300$556,600$538,200$551,700$588,000
Price Per Square Foot
$1,186,900$1,242,900$1,338,700$1,364,500$1,287,200
WEST VANCOUVER
WEST VANCOUVER
WEST VANCOUVER
WEST VANCOUVER
West Vancouver
Condo
$3,000,000
REALTOR® Report
WEST VANCOUVER
West Vancouver
Report
WEST VANCOUVER
West Vancouver
$0 $1,000,000 $2,000,000 $3,000,000 $4,000,000
$3,216,900$3,304,200$3,305,600$3,225,900 $3,084,300
$1,185,300$1,206,300$1,108,700$1,163,500$1,166,200$1,203,700$1,299,200$1,241,500 $1,092,000
$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
01-200601-200801-201001-201201-201401-201601-201801-202001-202201-2024
SUNSHINE COAST
SUNSHINE COAST
$3,000,000
$3,000,000
$3,000,000
Sunshine Coast
SUNSHINE COAST
$1,200,000
$1,000,000
$600,000 $800,000
$400,000
$879,200$900,900$870,100
$766,900$782,100$752,700 $0 $200,000
$265,200$296,000$308,200$274,100$263,600$249,000$258,400$265,400$297,200$333,600
SQUAMISH
SQUAMISH
$3,000,000
$2,000,000
$0 $500,000 $1,000,000 $1,500,000 $2,000,000
$1,049,500$1,066,100$1,049,000
$637,100$617,000$587,000 $329,500$367,800$389,100$348,400$328,600$311,800$327,600$333,300$372,800$431,500
01-200601-200801-201001-201201-201401-201601-201801-202001-202201-2024
WHISTLER
Condo Report – October 2025
$2,500,000 $3,000,000
$0 $500,000 $1,000,000 $1,500,000 $2,000,000
VANCOUVER | 36 East 5th Avenue, Vancouver, B.C., V5T 1G8
NORTH SHORE | 104-2770 Valley Centre Avenue, North Vancouver, B.C., V7J 0C8
NORTH SHORE | 104-3151 Woodbine Drive, North Vancouver, B.C., V7R 2S4
SQUAMISH | 1388 Main Street, Squamish, B.C., V8B 0A4
WHISTLER | 120-4090 Whistler Way, Whistler, B.C., V8E 1J3
OKANAGAN | 100-3200 Richter Street, Kelowna, B.C., V1W 5K9
VANCOUVER | NORTH SHORE | SQUAMISH | WHISTLER | SUNSHINE