Greater Vancouver New(er) Home Resale Report: September 2025.

The third quarter has come and gone with little change in market dynamics; listings continue to rise while sales remain subdued. Since the peak in Spring 2022, each month’s data has been closely watched for signs of a turnaround, yet the story remains consistent as buyers hold the advantage and sellers adjust expectations to match a calmer pace of demand.

The combination of below average activity and a modest economic outlook has created a unique moment where opportunity quietly sits beneath the uncertainty. Many recognize that conditions are ideal for those ready to act, yet the lingering fear of a deeper correction, often echoed by housing “experts,” has left others hesitant to take the next step.

Not everyone will buy a home, and the path to renting for life is increasingly a reality and a personal choice. For some, it comes with no headaches, no big down payments, more money for travel and entertainment and the flexibility to move easily to new neighbourhoods. However, over time, the demands of life and family often make establishing permanent roots a priority.

In September 2025, the market continued to favour buyers. Sales increased over the month by 12% but were down 31% compared to the same period last year. Inventory remained stable month-over-month, with a modest 6% increase compared to September 2024. With listings appearing to plateau, sales will be worth watching as continued improvements in interest rates could bring more buyers off the sidelines.

With that being said, what feels right for you today could change quickly, which is why it’s more important than ever to think about your long-term goals when making housing decisions. For anyone planning to invest in real estate, today’s market offers one of the best opportunities we’ve seen in years; a time that many will look back on as the perfect moment to buy.

In the end, markets always move in cycles, and opportunity never truly disappears. It simply shifts from one side of the table to the other, waiting for those with the vision and confidence to act before everyone else sees it.

New(er) townhome sales dropped year-over-year.

A total of 23 newer entry-level townhome sales were reported in September 2025, a decrease of 51% compared to the same period last year.

The Fraser Valley markets accounted for nearly 40% of all transactions in September. With median sale prices ranging from $791,000 in South Surrey to $816,905 in Willoughby, Langley, affordability continues to drive demand south of the Fraser.

Across the region, townhomes remain firmly in a buyer’s market, making this an ideal time for young families to negotiate some of the best deals in years. In August 2025, median sale prices for newer entry-level townhomes ranged from $791,000 in South Surrey to $1.48 million in East Vancouver.

New(er) one-bedroom condo sales saw a bump, but remained below last year.

Newer one-bedroom condo sales saw a notable increase over the month, rising 53% to a total of 72 homes sold. Richmond and East Vancouver registered the largest gains, with sales nearly doubling in Richmond and tripling in East Vancouver.

Despite this growth, total sales are still down nearly 30% compared to the previous year, while inventory has remained relatively flat over the same period.

In September 2025, median sale prices for newer one-bedroom condos ranged from $398,750 in Willoughby, Langley to $735,000 in North Vancouver.

Sales of two-bedroom condos dropped.

There were 103 total newer two-bedroom sales reported in September 2025, a decrease of 16% compared to the same period last year. Prices are down by single- and double-digit percentages across the region, while inventory has also increased by 7%.

With a substantial amount of inventory across the tracked markets, now is a great time for buyers to negotiate some of the best prices in years.

In September, median sale prices for newer two-bedroom condos ranged from $500,000 in Surrey City Centre to $1.04 million in Downtown Vancouver.

Single-family homes were essentially stuck.

The newer entry-level single-family market continued to struggle in September, with just 13 homes reported sold across all tracked markets. No individual market recorded more than three sales.

With inventory continuing to grow both monthly and annually, the market remains firmly in favor of buyers looking to purchase a single-family home at some of the best prices in years.

It is the perfect time to take your time and fully research your property of choice, as ample time and inventory allow for thoughtful, informed decisions.

In September, the median sale price of single-family homes ranged from $1.46 million in Willoughby, Langley to $4.02 million in Westside Vancouver.

Reasons why you should consider newer-home resale data:

• Facilitates wise choices in new pre-sale purchases by providing valuable comparables, offering insights into product considerations for both personal use and investment.
• Great for those looking to purchase housing that is still in the early stages of its lifecycle – this means less repairs and maintenance during the first few years of ownership.
• More recent building and developer history – provides assurance and certainty when making one of the most important transactions of your life.
• Homes include some of the latest design and technology – great for resale value.
• Monthly sales statistics crucial for evaluating and planning new housing developments.
• These figures are routinely used by industry stakeholders such as real estate developers to understand the value of land and anticipated market values for newly completed homes.

Read the full Dexter Realty report by Manraj Dosanjh.