Vancouver home sales down 14 per cent in October from last year

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VANCOUVER - Vancouver-area home sales dropped 14.3 per cent in October compared with a year earlier while the benchmark price was down 3.4 per cent.

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VANCOUVER – Vancouver-area home sales dropped 14.3 per cent in October compared with a year earlier while the benchmark price was down 3.4 per cent.

Greater Vancouver Realtors says sales in the region totalled 2,255 homes, which was 14.5 per cent below the 10-year seasonal average.

New listings of 5,438 were down a slight 0.3 per cent from a year earlier but still 16.3 per cent above the 10-year average.

A real estate sign is pictured in Vancouver on Tuesday, June 12, 2018. THE CANADIAN PRESS Jonathan Hayward
A real estate sign is pictured in Vancouver on Tuesday, June 12, 2018. THE CANADIAN PRESS Jonathan Hayward

Total listings of 16,393 were up 13.2 per cent from last year, leaving the sales-to-active listings ratio at 14.2 per cent. Historically, prices have come under pressure when the ratio falls below 12 per cent.

The composite benchmark price for all residential properties was $1,132,500, down 0.8 per cent from September.

The benchmark price for detached homes was $1,916,400, down 4.3 per cent from a year earlier. The benchmark price for condos was $718,900, down 5.1 per cent from last year.

This report by The Canadian Press was first published Nov. 4, 2025.

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