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📊 August 2025 Greater Vancouver Real Estate Market Update Hi everyone, it’s Roland Kym here with your August 2025 update on the Greater Vancouver housing market. This month’s numbers show a balanced but cautious market: • Sales: 1,959 homes sold (up 2.9% from last year, but 19% below the 10-year average). • Inventory: Active listings surged to 16,242 — that’s 37% higher than the 10-year August average, giving buyers more choice than usual. • Prices: Benchmark home price at $1,150,400, down 3.8% year-over-year and 1.3% from July. By property type: 🏡 Detached homes → 575 sales (+13% YoY), but still well below long-term norms. 🏘️ Townhomes → 409 sales (+10.5%), showing resilience near historic averages. 🏢 Condos → 956 sales (-5.5%), softer than their usual seasonal strength. 💡 Key factors shaping the market: • Immigration is running far below historic norms. • Unemployment has climbed to its highest level in nearly a decade (outside of COVID). • The Bank of Canada rate sits at 2.75% — well above the long-term average, keeping borrowing costs high. 🔮 What’s next? • Short-term: Expect a balanced market with mild downward pressure on prices. • Medium-term: A potential rate cut in late 2025 or 2026 could re-ignite demand. 👉 Whether you’re buying, selling, or investing, Vancouver’s market today looks very different compared to its 10-year averages. This is a moment of opportunity for buyers and a test of strategy for sellers. If you’d like to know how these trends compare to your neighbourhood — or want advice on navigating today’s market — reach out anytime. 📅 And mark your calendar: all eyes are on the Bank of Canada’s September 17th meeting, which could be the turning point for the rest of the year. — 👍 Don’t forget to like, subscribe, and share for more Vancouver real estate insights. 📲 Contact me directly if you’d like a personalized market update for your area. #VancouverRealEstate #MarketUpdate #RolandKym #VancouverHomes #VancouverHousingMarket #GreaterVancouver