October 2025 saw a continuation of slower sales and rising inventory in Metro Vancouver, creating favorable conditions for buyers—especially first-time and move-up buyers in North Vancouver. According to the Greater Vancouver REALTORS® (GVR), residential sales in the region totaled 2,255, a 14.3% decrease from 2,632 in October 2024 and 14.5% below the 10-year seasonal average of 2,638.While October usually marks a seasonal uptick in sales, this year’s figures fell short of both last year and the decade-long average. Andrew Lis, GVR’s chief economist, noted that even the fourth Bank of Canada rate cut in 2025 wasn’t enough to entice more buyers back into the market.
Listings and Inventory in North Vancouver
New listings remain robust, with 5,438 properties added across Metro Vancouver in October, including detached homes, townhouses, and apartments. This is a 0.3% decrease from 5,452 in October 2024 but 16.3% above the 10-year seasonal average of 4,676.Active listings in the region are now at 16,393 properties, a 13.2% increase from October 2024 (14,477) and 35.9% above the 10-year seasonal average of 12,063. For buyers in North Vancouver, this means more options in popular neighborhoods like Lynn Valley, Deep Cove, and Lower Lonsdale, as well as opportunities to explore less competitive areas.Sales-to-Listings Ratio Signals Buyer Advantage
The overall sales-to-active listings ratio for October was 14.2%, with 11.3% for detached homes, 17.6% for attached homes, and 15.5% for apartments. Historical data indicates that ratios below 12% often signal downward pressure on prices, giving buyers more negotiating power, while sustained ratios above 20% tend to push prices higher.Prices Ease Across All Segments
Price adjustments reflect the market’s slower pace. The MLS® Home Price Index composite benchmark for Metro Vancouver is $1,132,500, down 3.4% from October 2024 and 0.8% from September 2025.For North Vancouver buyers:- Detached homes: 693 sold, down 4.3% from October 2024 (724). Benchmark price: $1,916,400, a 4.3% decrease from last year and 0.9% lower than September.
- Apartments: 1,071 sold, down 23.1% from 1,393 last year. Benchmark price: $718,900, down 5.1% from October 2024 and 1.4% from September.
- Attached homes (townhouses): 477 sold, down 4.8% from 501 in 2024. Benchmark price: $1,066,700, a 3.8% decrease from last year and 0.3% lower than September.
