Buyers remain hesitant as inventory builds

Metro Vancouver's home inventory hit a ten-year high in May 2025, while sales dropped 18.5% from May 2024, totaling 2,228. New listings rose 3.9%, and active listings increased 25.7%. The sales-to-active listings ratio was 13.4%, indicating downward price pressure. Benchmark prices fell 2.9% year-over-year, with detached homes at $1.997M, apartments $757K, and townhouses $1.107M. The market favors buyers amid slow sales and high inventory.