Our real estate market update September 2025 takes a closer look at how the Metro Vancouver and North Vancouver housing markets are performing as we move into fall. Overall, September brought a mix of stability and opportunity, with inventory levels remaining high, prices easing slightly, and borrowing costs beginning to improve following the Bank of Canada’s (BoC) latest rate cut to 2.5%.
For buyers, this means more selection and negotiating power. For sellers, it’s a market where strategy, presentation, and accurate pricing make all the difference.
Continue reading our real estate market update September 2025 to learn more about current market trends and what they mean for buyers and sellers in North Vancouver – plus what to expect as we head toward the end of 2025.
Table of Contents:
September Market at a Glance
Market Stats
National & Local Factors
What It All Means for Buyers
What It All Means for Sellers
Updated Predictions for Fall 2025
Make Your Next Move
TL;DR – Real Estate Market Update September 2025 At a Glance
Don’t have time to read our full real estate market update September 2025? Here’s a quick look at the key takeaways.
- Inventory was high.
What it means for buyers in North Vancouver: More listings mean more choice, time to decide, and better negotiating power.
What it means for sellers: With greater competition, pricing and presentation are crucial for standing out and attracting qualified buyers. - New development continued to slow.
Importance for buyers: With fewer new projects underway (particularly condos), buyers will find more opportunities in the resale market. While inventory currently remains high, reduced future supply could help support property values over time.
Importance for sellers in North Vancouver: With less new construction, resale homes are gaining more attention. Condo owners may face more competition now, but well-presented, well-located listings continue to stand out. Over the long term, limited new development may result in less supply and stronger property values. - Prices eased, but only slightly.
What it means for buyers: Softening prices are opening the door for buyers – whether you’re looking to move into one of your preferred North Vancouver neighbourhoods or enter the market as a first-time homebuyer.
What it means for sellers: Realistic, market-based pricing is essential to attract serious buyers and stand out in today’s competitive environment. - September saw interest rate cuts.
Importance for buyers in North Vancouver: The Bank of Canada’s September 17 rate cut to 2.5% (from 2.75%) continued to help improve affordability and boost buyer confidence.
Importance for sellers: Lower rates may bring more buyers back into the market, as borrowing costs ease. - September 2025 demonstrated buyer-leaning conditions.
What it means for buyers: The real estate market update September 2025 showed favourable conditions for buyers, with more flexibility and room to negotiate.
What it means for sellers: Even in a buyer-friendly market, homes that are well-prepared and priced right can still sell quickly (ask us about some of our recent sales!), but strategy matters more than ever.
Looking Ahead to the Fall 2025 Real Estate Market
The fall 2025 market is offering breathing room for buyers, with more listings, time to decide, and room to negotiate. For sellers, success will depend on accurate pricing, a polished presentation, and a strategic plan.
Overall, stability is expected in the North Vancouver real estate market as we head into the end of 2025.
September 2025 Real Estate Market Stats – What the Numbers Say
Source: GVR
According to Greater Vancouver REALTORS®’s September 2025 report, September saw buyer-leaning conditions and an increase in sales year-over-year, partly due to another Bank of Canada rate cut and a slight easing in home prices.
Here are the real estate market stats for September:
- Residential Sales (Metro Vancouver): 1,875 homes sold – up 1.2% year-over-year (YoY).
- New Listings: 6,527 newly listed properties (across all residential property types) – up 6.2% compared to September 2024.
- Total Active Listings: 17,079 active listings – up 14.4% YoY.
- Sales-to-Active Listings Ratio: 11.3% across all property types, signalling potential downward pressure on home prices.
- MLS® HPI Benchmark Prices (September 2025):
- All Residential Property Types: $1,142,100 (down 3.2% compared to September 2024 and 0.7% compared to August 2025).
- Detached Homes: $1,933,10 (down 4.4% from September 2024 and 0.9% from August 2025).
- Apartments: $728,800 (down 4.4% compared to September 2024 and 0.8% compared to August 2025).
- Townhomes: $1,069,800 (down 2.7% from September 2024 and 0.9% from August 2025).
SEPTEMBER TAKEAWAY: The real estate market update September 2025 statistics indicate a buyer-leaning environment, with more options and increased negotiating power for homebuyers. For sellers in North Vancouver, these statistics highlight the importance of entering the market with a well-prepared strategy, including strategic pricing, a polished presentation, and strong marketing.
What happened in the real estate market over the summer? Explore our Summer update here: Real Estate Market Summer 2025.
National & Local Factors Affecting the Real Estate Market
What factors are driving today’s real estate environment? Here are the national and local factors that helped shape the September 2025 market.
Interest Rate Cut
The Bank of Canada’s September rate cut to 2.5% is beginning to ease borrowing costs, particularly for buyers securing variable-rate mortgages or locking in rate holds. While this provides some relief, the BoC acknowledged that rate cuts will not address other current economic challenges.
What It Means for North Vancouver Home Buyers and Sellers: Affordability is improving slightly, but buyers remain selective, focusing on well-priced, move-in-ready homes.
Increased Inventory
Inventory continued to climb across Metro Vancouver in September, with resale listings up year-over-year. In North Vancouver, we observed a similar trend, which offered buyers more time and leverage to negotiate—a stark contrast from years past.
What It Means for Home Buyers and Sellers in North Vancouver: Increased inventory means buyers have more options and flexibility. At the same time, sellers must focus on coming to market with strategic pricing and a well-prepared home.
Slowed Development
Across Canada, condo construction has slowed, with builders shifting their focus towards ground-level homes and rental projects. In North Vancouver, developers remain active. However, land constraints and zoning changes have resulted in a decrease in the number of new high-rise condos being built.
What It Means for North Vancouver Home Buyers and Sellers: For buyers, this shift means more emphasis on resale opportunities rather than pre-construction options. For condo owners, this could mean increased competition among resale listings in the short term. However, it also presents an opportunity: with fewer brand-new units on the horizon, well-positioned properties can still stand out in the market.
Economic Uncertainty
Unemployment sits at 7.1%, the highest in nearly a decade, outside of the pandemic, and tariff pressures continue to weigh on Canada’s economic growth. These broader economic conditions have added a layer of caution and uncertainty to the real estate landscape. Thus, while the Bank of Canada’s recent rate cuts have helped restore some confidence, many buyers are still proceeding carefully, focusing on affordability, stability, and long-term value before committing to a purchase.
What It Means for Home Buyers and Sellers in North Vancouver: Even amid economic uncertainty, lower borrowing costs and steady demand in North Vancouver are keeping the market active for well-prepared buyers and sellers. For buyers, this environment offers opportunity – with more choice, more time to decide, and better negotiating power. For sellers, success hinges on positioning and presentation. Homes that are accurately priced, move-in ready, and professionally marketed continue to attract serious buyers.
What the Real Estate Market Update September 2025 Means for Home Buyers in North Vancouver
With inventory sitting about 36% above the 10-year average and home prices easing roughly 3% year-over-year, buyers in North Vancouver have more selection, less competition, and stronger negotiating power than they’ve seen in years.
Financing conditions are also slowly improving, with the Bank of Canada’s September rate cut to 2.5% and expectations for additional easing into 2026. This improved affordability is especially beneficial for first-time homebuyers looking to enter the market.
While economic uncertainty continues to shape a more cautious sentiment, well-prepared buyers are taking advantage of this more balanced market to find long-term value – particularly in move-in-ready homes with strong fundamentals.
Our Recommendations for North Vancouver Buyers This Fall
- Leverage selection. Use high inventory to your advantage by carefully comparing listings and leveraging your negotiating power, especially in the condo/townhome segments.
- Prioritize quality. Focus on properties with good bones, thoughtful updates, or desirable locations that will hold value over time.
- Act with purpose. The best properties are still moving quickly – so be sure to have your financing and strategy in place so you can move decisively when the time comes.
- Work with a top local realtor. An experienced real estate professional can help you navigate North Vancouver’s competitive real estate market – so you can secure your ideal home at the best price.
Bottom Line: For North Vancouver home buyers, high inventory, easing prices, and improved affordability are aligning to create a rare window of opportunity this fall.
Ready to make a move? Schedule a quick buyer strategy session with Jenny + Suzanne to explore where the best opportunities are emerging in North Vancouver this season.
What the September Real Estate Market Update Means for Sellers
Sellers in North Vancouver are facing a more competitive and selective market this fall. As a result, strategy and presentation are everything. Homes that are overpriced or not well presented tend to sit on the market longer, while listings that are well-priced, staged, and marketed strategically continue to achieve strong results.
The Bank of Canada’s September rate cut to 2.5% is offering some relief by improving affordability and gradually reviving buyer demand. As a result, sellers may see listing times begin to shorten this fall. That said, buyers remain cautious and have plenty of options, meaning a standout selling strategy is essential.
What You’ll Need to Do to Sell Your Home This Fall, Based on Real Estate Market Update September 2025 Data
- Price for today’s market. With more competition and selective buyers, accurate pricing is your most powerful advantage.
- Prioritize presentation. A clean, staged, and well-marketed home will stand out and sell faster. So be sure to properly prepare your home before listing it.
- Expect longer timelines. Average days on market are stretching toward a month or more, so patience is key.
- Work with an experienced realtor in North Vancouver. A seasoned real estate expert will help you strategize, price correctly, and market effectively to stand out in a buyer-leaning market.
Want to know how to find the best realtor in your area? Check out our guide on how to choose a real estate agent.
Bottom Line: North Vancouver sellers who pair realistic pricing with standout presentation and strong strategy are still achieving excellent results – even in a market that currently favours buyers.
Thinking of selling this fall? Schedule a strategy call with Jenny + Suzanne to discuss a personalized plan for pricing, marketing, and timing your sale.
What’s Next for Real Estate in North Vancouver? Updated Predictions for Fall 2025
The real estate market update September 2025 highlights elevated inventory levels and softening prices, particularly in the condo market. However, with lower borrowing costs announced and further easing expected, confidence is gradually returning to the market.
Based on what we’ve seen in the North Vancouver real estate market so far this fall, we expect conditions to remain balanced and steady through the rest of 2025, with opportunities for both buyers and sellers.
Here’s our outlook for fall 2025:
- More market stability ahead. With rate hikes behind us and further easing expected, the market should remain steady throughout the fall and into year-end.
- Fewer new builds. Slower housing starts mean less future supply, which could help support prices once current inventory levels normalize.
- More opportunities for buyers. High inventory, lower interest rates, and motivated sellers will make fall 2025 an excellent time to find value in the market.
- A strong strategy will be key for sellers. Well-priced, move-in-ready homes continue to sell quickly, even in a buyer-leaning market. Therefore, a strong strategy will be the key to selling your home in fall 2025.
Bottom Line: The fall 2025 market in North Vancouver will offer both buyers and sellers prime opportunities, provided they have the right strategy in place.
Ready to Make A Move?
Whether you’re looking to buy or sell in today’s shifting housing market, success comes down to strategy, timing, and preparation. We’re here to help.
As two of North Vancouver’s top realtors, we’ll guide you through every step of the buying or selling process – from strategy and negotiation to pricing and presentation.
Contact Jenny + Suzanne today and let’s discuss your next move!