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Greater Vancouver · Monthly Market Report

September 2025Real Estate Board of Greater Vancouver

By the numbers

Benchmark price

$1.14M

FVREB / REBGV composite HPI

Month over month

-0.7%

Year over year

-3.3%

Sales (month)

1,749

Active listings

14,819

Months of inventory

7.7

September 2025 closed with the Greater Vancouver composite HPI benchmark at $1.14M, 3.3% lower than the same month a year earlier. The HPI is CREA and the boards' quality-adjusted typical-home benchmark — it filters out the noise that comes from mix shifts (more high-end sales pulling the average up, more entry-level pulling it down).

Month-over-month the benchmark eased 0.7%. 1,749 sales were reported against 14,819 active listings on the books.

The sales-to-active ratio sat at 11.8%, putting Greater Vancouver in a buyers' market by board convention (≤12% buyers', 12–20% balanced, ≥20% sellers').

For neighbourhood-level detail across the Greater Vancouver territory, see the per-area pages — each one carries the latest benchmark for that specific neighbourhood. For a buying or selling consultation, reach Bronson directly at 778-867-2766.

Frequently Asked

What was the Greater Vancouver HPI benchmark price in September 2025?
September 2025's composite HPI benchmark for the Real Estate Board of Greater Vancouver territory was $1.14M. That's lower 3.3% year-over-year and down 0.7% month-over-month. The HPI is the industry-standard quality-adjusted price benchmark, computed by CREA and the boards.
Was September 2025 a buyers' market or sellers' market in Greater Vancouver?
The sales-to-active-listings ratio for September 2025 was 11.8%. By Greater Vancouver convention, a ratio of 12% or below is a buyers' market, 12–20% is balanced, and above 20% is a sellers' market.
What does the Greater Vancouver board cover?
The Real Estate Board of Greater Vancouver territory covers Vancouver, Burnaby, Richmond, North & West Vancouver, the Tri-Cities, and the rest of the REBGV territory. Bronson Job PREC, REALTOR® serves clients across this footprint as well as adjacent Fraser Valley communities through dual board membership.

Related

Sibling months

Quarterly context

State-of-market review — 2025 Q3 →

Other Greater Vancouver reports

Source: Real Estate Board of Greater Vancouver. Composite HPI benchmark across all property types (detached, townhouse, apartment). Aggregate measures — specific properties may transact above or below the benchmark. HPI is the CREA / board industry-standard quality-adjusted price index.