July’s real estate stats across Canada, and right here in Metro Vancouver, are sending clear signals about where our market stands and where it's headed.
National Trends vs. Vancouver Reality
Canada’s housing picture remains mixed. Nationally, home prices held steady in July 2025, with detached and row-townhouse prices inching up about 1%, semi-detached homes slipping 1%, and condos taking a dramatic 7% year-over-year drop a 20-year record decline for that segment. Sales are strong, but prices continue to slip in Canada’s least affordable markets.
In Vancouver, the story is more nuanced but follows the same trajectory. The benchmark price across Metro Vancouver in July was $1,165,300, down 2.7% year-over-year and 0.7% from last month, while the average sale price settled at $1,242,155 a 3% annual decline and 2.5% drop monthly. These trends confirm a balanced market, with our SNLR (sales-to-new-listings ratio) sitting at 41%, right in the balanced territory (40%–60%).
What This Means for Market Players
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For Buyers:
• Declining prices may offer buying opportunities especially in condos, where downside pressure is strongest.
• Balanced conditions translate to more options and negotiating power, particularly in detached and attached segments.
• Watch for signs of seasonal shift early fall may bring renewed activity, and you want to be ready to act. -
For Sellers:
• Price expectations must be realistic, market comparisons require careful adjustment.
• Leverage strong timing: early fall could still yield solid results before inventory potentially grows.
• Stay competitive strategic pricing and staging remain vital.
Takeaway Insight
July's market shows cooling prices and balanced conditions, opening windows for informed buyers and cautious sellers alike. Whether you're navigating listings, negotiating offers, or planning your next move, stay grounded in data and let timing and strategy lead the way.
Imran Ali
The Ali Group
📧 [email protected]
📞 604-616-555
