Q3 [July-Sept] 2025

Oct. 2, 2025

A Soft Start to Fall on the North Shore

The summer months brought a gradual cooling to the North Shore real estate market, setting the stage as we enter the fall season. In North Vancouver, third-quarter sales edged slightly lower compared to last year, while new listings climbed notably. West Vancouver saw a similar trend, with sales down year-over-year and an increase in listing inventory. Together, these shifts point to a market adjusting under the weight of softer demand and steady increased supply.

For buyers, conditions have become more favourable. The recent Bank of Canada rate cut has eased some of the financial pressure of higher borrowing costs, and an expanding pool of listings across both North and West Vancouver is creating more choice and room to negotiate. Detached homes, in particular, have seen pricing come off last year’s highs, opening opportunities in segments that were previously out of reach for many buyers. This has put pressure on the condo and townhouse markets, where activity has been slower as some buyers redirect their focus toward more current attainable single-family options.

As the market shifts into fall, the overall picture is one of balance leaning towards favouring buyers. Elevated supply and more attractive borrowing conditions are giving purchasers the upper hand, while sellers face a more competitive landscape. With activity typically easing through the final months of the year, strategic pricing and patience will be essential for those looking to make a move.

September 2025 Review

In North Vancouver, 158 sales were reported in September — a 10.5% increase from last year, yet 17.7% below the 10-year average. 

New listings were up 11.1% year-over-year, with a staggering 99.3% increase from August, as the number of new listings essentially doubled month-over-month. Total inventory rose 15.5%, ending the month with 1,041 homes for sale – 36.3% above the 10-year average.

For all property types, the September 2025 sales-to-active listing ratio was 15.2%.

By property type, the September ratios were: 11.8% for detached houses, 19.6% for townhomes, and 17.5% for apartments.

By price range, the September ratios were:

In West Vancouver, 51 sales were reported in September — a 13.3% increase from last year, and 13.5% below the 10-year average for September.

New listings increased 22.2% year-over-year, while total inventory was up 2.9%, ending the month with 756 homes for sale — 13.7% above the 10-year average.

For all property types, the September 2025 sales-to-active listing ratio was 6.7%.

By property type, the September ratios were: 6.0% for detached houses, 5.6 for townhomes, and 11.1% for apartments.

By price range, the September ratios were:

Sales. 

Explore all North Shore sales as soon as they’re reported, plus access our full database of sold real estate listings:

North Vancouver Sales >>    |    West Vancouver Sales >>

Planning a move?  We’d be happy to meet and discuss your home, plans, and the market. Reach us at 604.983.2518, through the form on this page, or visit us at our office 110 East 1st Street, North Vancouver.

Never miss our North Shore market reviews. Subscribe at the link below.

Subscribe

September 2025 Listing & Sales Stats 

North Vancouver 

West Vancouver