Downtown Vancouver Condo Market Statistics

Mortgage Rates Drop and Sales Strong

Another Bank of Canada rate cut and easing prices helped home sales registered on the MLS in Metro Vancouver edge higher relative to September last year.  

The Greater Vancouver Realtors (The Real Estate Board) reports that residential sales in the region totalled 1,875 in September 2025, a 1.2% increase from the 1,852 sales recorded in September 2024. This was 20.1% below the 10-year seasonal average (2,348).  

“With another cut to Bank of Canada’s policy rate behind us, and markets pricing in at least one more cut by the end of the year, Metro Vancouver homebuyers have reason to be optimistic about the fall market,” said Andrew Lis, GVR’s director of economics and data analytics.  “Easing prices, near-record high inventory levels, and increasingly favourable borrowing costs are offering those looking to purchase a home this fall with plenty of opportunity.”   

Sales of apartment homes reached 954 in September 2025, a 1.5 per cent increase compared to the 940 sales in September 2024. The benchmark price of an apartment home is $728,800. This represents a 4.4 per cent decrease from September 2024 and a 0.8 per cent decrease compared to August 2025.  

Focusing on the Downtown Vancouver condo market in September 2025, despite it being a buyer’s market, our inventory decreased, sales increased, and median price holds stead.  

The under $900,000 market is selling at 14%, 75 out of 525 homes are selling, same as last month. 

The $900,000 to $1,000,000 market is selling at 13%, 11 out of 88 homes are selling, up 6% from last month. 

The $1,000,000 to $1,250,000 market is selling at 12%, 12 out of 119 homes are selling, up 2% from last month. 

The $1,250,000 to $2,000,000 market is selling at 8%, 17 out of 214 homes are selling, down 3% from last month. 

The $2,000,000 to $2,500,000 market is selling at 8%, 5 out of 66 homes are selling, down 4% from last month. 

The $2,500,000 to $3,000,000 market is selling at 7%, 3 out of 46 homes are selling, up 4% from last month. 

The $3,000,000 to $5,000,000 market is selling at 4%, 2 out of 55 homes are selling, down 5% from last month.

The $5,000,000 plus market is selling at 0%, 0 out of 46 homes are selling, down 5% from last month.

Total unit sales in Downtown Vancouver were down 2% from last month but up 19% from September 2024. 

Those who are priced correctly for this market are selling on average at a rate of 25 days which is 39% faster than last month.

The median price decreased 1% from last month, and the median price has increased 9% from September 2024. 

The average price per square foot increased from $992 in August to $1014 in September .

Our Downtown Vancouver inventory decreased by 1% from last month with 1140 active listings which is down 9% from September 2024.  

The sellers’ best bets are 1 bedroom condos in Yaletown. And the buyers’ best bets are units priced between $1.75 to $2 million in Coal Harbour. 

I hope you find this helpful, but should you have any questions please don’t hesitate to ask.

My best,

Ian

      Monthly Market Statistics Report