Greater Vancouver Real Estate Market: June 2025 Trends and Statistics

June 2025 has brought a fresh wave of activity—and a few surprises—to the Greater Vancouver real estate market. If you’re curious about where things stand this summer, you’re not alone. Let’s take a closer look at the key trends, numbers, and what they might mean for buyers, sellers, and investors across the region.

Sales Are Up, But Inventory Stays Tight

After a sluggish start to the year, June saw a noticeable uptick in sales across Greater Vancouver. According to recent data, residential property sales increased by nearly 12% compared to May, signaling renewed buyer confidence. However, the number of homes available for sale remains limited, putting upward pressure on prices and making competition fierce—especially in sought-after neighborhoods like Kitsilano, Burnaby, and Richmond.

Price Growth Slows, But Remains Resilient

While home prices aren’t soaring as they did during the pandemic-fueled frenzy, they’re still holding strong. The benchmark price for all residential properties in Greater Vancouver now hovers around $1.25 million, a modest 2% increase year-over-year. Detached homes continue to command premium prices, but condos and townhomes are seeing steady demand from first-time buyers and downsizers alike.

Interest Rates and Affordability: The Ongoing Balancing Act

One of the biggest factors shaping the market is the Bank of Canada’s cautious approach to interest rates. While rates have stabilized, they remain higher than in previous years, impacting monthly payments and overall affordability. Many buyers are taking a wait-and-see approach, hoping for future rate cuts, while others are eager to lock in deals before any further changes.

What’s Hot: Neighborhoods and Property Types

Areas with access to transit, schools, and green spaces continue to attract the most attention. In particular, East Vancouver and parts of Surrey are seeing increased activity as buyers seek relative value without sacrificing lifestyle. Condominiums remain a popular choice for young professionals and investors, while family-sized townhomes are in short supply.

Looking Ahead: What to Watch

As we move deeper into 2025, all eyes are on inventory levels and interest rate announcements. If more homes come onto the market, we could see price growth moderate further. But for now, Greater Vancouver remains a competitive, dynamic market where preparation and local insight are key.

Whether you’re planning to buy, sell, or simply keep an eye on the market, staying informed is your best advantage. Questions about your next steps? Reach out anytime—I’m here to help you navigate Vancouver’s ever-changing real estate landscape!