State of BC Real Estate — April – June 2025
Published 2026-05-16 · By Bronson Job PREC, REALTOR® · Royal LePage Ben Gauer & Associates
Spring is normally the busiest stretch of the real-estate year. In 2025 it was quiet. Through April, May and June, sales ran well below the seasonal average and benchmark prices drifted lower. By the end of June the Greater Vancouver composite benchmark was $1,173,100, down 2.8% from a year earlier; the Fraser Valley sat at $951,500, with detached prices down about 4.6%. Buyers had an unusually calm spring market to work with.
Market notes
Greater Vancouver
The composite benchmark was $1,173,100 in June 2025, down 2.8% year over year. June sales of 2,181 were about 9.8% below the same month a year earlier, and roughly 26% below the 10-year seasonal average. The board described most segments as balanced.
Fraser Valley
The Fraser Valley benchmark was $951,500 in June 2025, with detached prices down about 4.6% from a year earlier. The board recorded 1,195 sales — down 9.3% year over year, and roughly a third below the seasonal norm — and called it a buyer’s market.
Prices by home type
Greater Vancouver benchmarks in June were $1,994,500 for detached, $1,103,900 for townhouses, and $748,400 for apartments. The Fraser Valley read $1,458,600, $824,400, and $526,500.
Where these numbers come from
Every figure in this review is drawn from the monthly statistics releases published by Greater Vancouver REALTORS and the Fraser Valley Real Estate Board. Benchmark prices are MLS® Home Price Index values.
Implications by audience
For buyers
A soft spring is a gift to a buyer — the season with the most listings, but without the bidding pressure spring usually brings.
For sellers
Selling into a quiet spring meant competing against a deep pool of listings. Realistic pricing and strong presentation mattered more than usual.
For owners watching
A spring that did not deliver the usual seasonal lift was an early signal that 2025 would be a slow year — which is how the rest of the year played out.
What followed
The quiet held. Through the third quarter, sales steadied close to flat against 2024 while prices kept easing — the Greater Vancouver benchmark slipping toward $1,142,100 by September.
Related
- BC Real Estate Codex — every fact cited above with full provenance
- Cross-fact Codex changelog
- Vancouver Special Index — Lower Mainland affordability
- Monthly board market reports (FVREB, GVR)
- All quarterly reports
Verified sources (2)· re-verified 2026-05-19Click to expand
Every claim on this page is sourced to a primary government, regulator, or industry-association URL. We re-verify quarterly; the verification dates below show when each source was last confirmed against the live government page.
- BC Governmentretrieved 2026-05-19Property Transfer Taxhttps://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax
- BC Governmentretrieved 2026-05-08Property Transfer Tax Act, RSBC 1996, c. 378https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/96378_01
bc.ptt.brackets · v1View in Codex →Verified sources (1)· re-verified 2026-05-08Click to expand
Every claim on this page is sourced to a primary government, regulator, or industry-association URL. We re-verify quarterly; the verification dates below show when each source was last confirmed against the live government page.
- OSFIretrieved 2026-05-08Guideline B-20: Residential Mortgage Underwriting Practices and Procedureshttps://www.osfi-bsif.gc.ca/en/guidance/guidance-library/final-revised-guideline-b-20-residential-mortgage-underwriting-practices-procedures
osfi.b20.stress_test · v1View in Codex →Cite this report: Bronson Job (2026). State of BC Real Estate — 2025 Q2. https://www.bronsonjob.com/reports/state-of-bc-real-estate-2025-q2.
