September 2025 Real Estate Market Update: What’s Happening Across the Tri-Cities and Greater Vancouver

The fall market across the Tri-Cities and Greater Vancouver continues to shift in favour of buyers as interest rates ease and inventory reaches near record highs. September data shows a stable but slower-paced market, with more balanced conditions in many communities and opportunities emerging for those ready to buy or move up.

Greater Vancouver Overview

The Greater Vancouver REALTORS® report 1,875 home sales in September—up slightly from 2024 but still below historical averages.

• Active listings: 17,079 (+14% YoY)

• Sales-to-active listings ratio: 11.3% (buyers’ market)

• Benchmark prices:

  • Detached: $1,933,100 (–4.4% YoY)

  • Townhomes: $1,069,800 (–2.7% YoY)

  • Condos: $728,800 (–4.4% YoY)

    GVR-Stats-Package-September-2025

Easing borrowing costs and growing selection are helping buyers re-enter the market, while sellers are adjusting expectations to align with new market realities.

Tri-Cities Market Snapshot

Coquitlam, Port Coquitlam, and Port Moody each saw moderate declines in benchmark pricing:

• Coquitlam: $1,042,100 (–4.2%)

• Port Coquitlam: $914,200 (–2.8%)

• Port Moody: $1,078,400 (–5.9%)

  GVR-Stats-Package-September-2025

Condos and townhomes near transit corridors remain the most active and resilient property types. Detached homes, meanwhile, continue to trade in balanced conditions as buyers weigh affordability and selection.

Fraser Valley Trends

The Fraser Valley mirrored these trends, with detached homes averaging a 7% sales ratio and attached homes around 10%.

• Surrey detached: Avg. sale $1.375M (–2% MoM)

• Townhomes/condos: Around $595K (–1% MoM)

• South Surrey detached: $1.625M (–6% MoM)

  FVR 2025 September

These conditions reflect growing inventory and modest price declines—factors that continue to make the region appealing to first-time and move-up buyers.

Burnaby & Vancouver Highlights

Burnaby detached homes averaged $2.04M (+2% MoM) with a 10% sales ratio, while attached properties held steady with a 16% ratio, reflecting a balanced market

GVR 2025 September

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In Vancouver, the market remains soft but stable:

• Downtown condos: Median $827,500 (–1% MoM)

• Westside detached: $2.918M (–6% MoM)

• Sales-to-list ratio: 97% average

  MVR 2025 September

Outlook for Fall 2025

The overall picture is one of balance and opportunity. Buyers have more leverage than in recent years, while sellers with realistic pricing continue to see consistent activity. With at least one more rate cut expected before year-end, confidence may gradually build into early 2026.

If you’re planning a move or would like to know how current trends impact your home’s value, reach out anytime.

Carlos Pineda | TOP TRI-CITIES + GREATER VANCOUVER REALTOR®
Stonehaus Realty
(604) 785-8454
carlos@carlospineda.ca