Greater Vancouver real estate went from some of the world’s most coveted to historically weak demand in just a few years. REBGV data shows prices fell in June, as demand fell to the second weakest level in the past 25 years. At the same time, the region’s notoriously scarce inventory is no more—there are now the most listings since the Bank of Canada (BoC) suggested it was a bubble.
Greater Vancouver Real Estate Prices Fell But Remain Lofty
Greater Vancouver real estate prices: composite benchmark.
Source: REBGV; CREA; Better Dwelling.
Greater Vancouver real estate prices slipped lower last month. The benchmark (typical) home price fell 0.3% (-$3,519) to $1.17 million in June, down 2.8% (-$32,800) lower than last year. All gains made earlier in 2025 have now been erased, and the move higher has failed for a third time since peaking back in 2022.
Greater Vancouver Real Estate Sales 26% Below 25-Year June Average
Greater Vancouver real estate demand remained uncharacteristically weak last month. Home sales fell to 2,180 homes in June, 9.8% lower than last year. The unusually slow month was 25.8% below the 10-year average for June, and the second-weakest sales in the past 25 years—only behind 2019.
Greater Vancouver Real Estate Inventory Hits Highest Level Since BoC Suggested It Was A Bubble
Greater Vancouver real estate: Active listings of homes for sale in June.
Source: REBGV; CREA; Better Dwelling.
Greater Vancouver can’t attract buyers but there was no shortage of sellers. There were 6,315 homes listed for sale in June, up 10.3% from last year. This is 12.7% higher than the 10-year average for the month.
More sellers against weaker demand helped drive total remaining inventory higher. Active listings climbed 23.8% to 17,560 homes in June, 43.7% higher than the 10-year average. It was the highest number of active listings since 2013.
What happened in 2013? Glad you asked—that was back when the Bank of Canada (BoC) deputy governor (now Governor) Tiff Macklem suggested a bubble, delivering a speech in Vancouver. The market remained weak until the industry tapped foreign buyers to revive demand. They say history doesn’t rhyme, it repeats—and if that holds true, Greater Vancouver’s real estate industry may be looking to tap foreign capital again.