{"id":58705,"date":"2025-10-03T19:30:07","date_gmt":"2025-10-03T19:30:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/58705\/"},"modified":"2025-10-03T19:30:07","modified_gmt":"2025-10-03T19:30:07","slug":"vancouver-home-sales-edge-up-as-buyers-gain-leverage-in-fall-market","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/58705\/","title":{"rendered":"Vancouver home sales edge up as buyers gain leverage in fall market"},"content":{"rendered":"<p>\u201cWith another cut to Bank of Canada\u2019s 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,\u201d\u00a0said Andrew Lis, GVR\u2019s director of economics and data analytics.<\/p>\n<p>\u201cEasing 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.\u201d<\/p>\n<p>Sales-to-active listings ratios remained well below the threshold that typically signals upward price pressure, sitting at 11.3% overall. Detached homes posted a ratio of 8.5%, attached homes 12.7%, and apartments 13.3%. GVR\u2019s historical analysis suggests that when this metric stays under 12% for a sustained period, downward pressure on prices is likely.<\/p>\n<p>Price declines <a href=\"https:\/\/www.gvrealtors.ca\/market-watch\/monthly-market-report\/september-2025.html\" rel=\"nofollow noopener\" target=\"_blank\">continued across all property types<\/a>. The composite benchmark price for a Metro Vancouver home fell 3.2% year-over-year to $1,142,100, and was down 0.7% from August. Detached home prices dropped 4.4% to $1,933,100, while apartments and townhomes saw similar annual declines of 4.4% and 2.7%, respectively.<\/p>\n<p>\u201cThe past few years have been quite challenging for the market, beginning with 2022\u2019s rapid increase in interest rates, major political and policy shifts in subsequent years, and recent trade tensions with the USA weighing on the market,\u201d Lis said.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cWith another cut to Bank of Canada\u2019s policy rate behind us, and markets pricing in at least one&hellip;\n","protected":false},"author":2,"featured_media":58706,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[138,38734,6338,220,111,139,69,41621],"class_list":{"0":"post-58705","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-home-sales","10":"tag-housing-market","11":"tag-markets","12":"tag-new-zealand","13":"tag-newzealand","14":"tag-nz","15":"tag-vancouver"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/58705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=58705"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/58705\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/58706"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=58705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=58705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=58705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}