Metro Vancouver Home Sales Rise 2.9%, Fraser Valley Falls 13% August

Metro Vancouver's housing market shows signs of slow recovery with home sales rising 2.9% year-over-year in August 2025, though sales remain about 20% below the 10-year average. The Greater Vancouver benchmark price dipped slightly to $1,150,400, reflecting a modest price easing as buyers and sellers align expectations amid steady new listings. In contrast, the Fraser Valley experienced a 13% decline in home sales, with benchmark prices falling to $936,200, though inventory remains stable and buyers are encouraged to make offers on longer-listed properties. Meanwhile, Calgary's housing market is shifting toward balance with an 8.9% drop in sales and a significant 48% increase in inventory, leading to downward pressure on prices, especially for apartments and row houses, whose prices fell 6% and nearly 5% respectively. Detached and semi-detached homes in Calgary saw smaller price adjustments, with detached home prices easing 1% and semi-detached prices rising slightly by 1%. Overall, these regional trends reflect varying degrees of market adjustment driven by inventory changes, buyer activity, and price corrections across western Canadian cities.