Sales Crash Amid Historic Inventory Spike
I’m here to unpack recent developments from Better Dwelling’s latest analysis, this is a pivotal moment for both buyers and sellers.
📉 Demand Has Tumbled to Decades Lows
June home sales in Greater Vancouver dropped to just 2,180 units, marking the second-weakest June in 25 years, trailing only 2019.
Down nearly 26% relative to the 10-year average for the month of June.
Big Picture: We have a full-blown buyers’ market—minimal competition and fewer bidding contests.
🏠 Prices Falling, But Remain High
The reference price decreased 0.3% MoM to $1.17 million and has fallen 2.8% YoY.
All the gains that were registered during the initial part of 2025 have been erased, this marks the third unsuccessful rally since the 2022 top.
🗝️ Inventory Hits Bubble‑Era Levels
June new listings were 6,315, +10.3% YoY, higher than the 10-year average for the month by 12.7%.
Active listings jumped to 17,560, a whopping 43.7% higher than the 10-year average and the peak since 2013—around the same time the Bank of Canada expressed concerns about a bubble.
What This Means: More choice = more negotiation power for buyers.
🔍 Historic Corollaries & Stock Advice
Back in 2013, a similar surge in listings triggered a bubble flashpoint until foreign investment returned. Better Dwelling warns this pattern may be repeating.
Takeaway: Lenders, property specialists, and policy planners must exercise caution, this rising supply could continue to reduce prices until fresh money inflows occur.
🖋️ Advice to Your Audience
✔️ For Buyers
Act now. Demand is low and offerings are plentiful, giving buyers negotiating power.
Lock in value. Go for market-informed transactions, not a flash crash, but astute pricing that locks up long-term benefits.
Localize. Suburban and used areas may have greater potential.
✔️ For Sellers
Price strategically. Older listing approaches won’t cut it, overpricing may result in long market days or stale listings.
Emphasize UVPs. Where you are listing, highlighting location, condition, and upgrade sells well in a competitive marketplace.
📈 The Future: What's Next?
Stabilization on the horizon? As interest rates fluctuate and foreigners possibly re-enter, normalization could result.
Come early-2026. If demand bounces back, or seeks a higher base, then it could become a new age of recuperation.
Let's connect to discuss how these changes unfold and see their ultimate impact on our market.
Imran Ali
The Ali Group
📧 [email protected]
📞 604-616-555
Source: https://betterdwelling.com/vancouver-real-estate-sales-fall-most-inventory-since-boc-suggested-a-bubble/
