VANCOUVER – Vancouver-area home sales were down two per cent in July compared with last year, as the city’s real estate board says it continues to believe the market is showing early signs of recovery.
Greater Vancouver Realtors says residential sales in the region totalled 2,286 last month, down from the 2,333 sales recorded in July 2024 and 13.9 per cent below the 10-year seasonal average.
The board’s director of economics and data analytics Andrew Lis says the figures confirm that the market has turned a corner after months of slow activity spurred by the Canada-U.S. trade war.
Year-over-year sales were down around 10 per cent in June, roughly half of the decline recorded in May.
There were 5,642 newly listed properties on the market in July, a 0.8 per cent increase from last year, as total active listings rose 19.8 per cent year-over-year to 17,168.
The composite benchmark price in July was $1,165,300, down 2.7 per cent from a year earlier and 0.7 per cent lower than June.
This report by The Canadian Press was first published Aug. 5, 2025.
