September 2025 Real Estate Market Insights

Step into the September 2025 edition of Presale Pulse, where hosts Suzana Goncalves and Brittany Reimer break down the latest market conditions across Greater Vancouver and the Fraser Valley. This month’s episode dives into presale performance, macroeconomic shifts, and the challenges shaping developer decisions.

At the time of filming, the Bank of Canada had held its policy rate steady since April, maintaining a cautious stance as inflationary pressures eased but global headwinds persisted. However, as of September 17th, 2025, the Bank announced a rate cut to 2.5%. While the move is expected to provide some relief to borrowers, consumer confidence remains fragile, and the cost of borrowing continues to weigh on overall housing demand.

Presale Market : Activity at a Standstill

August marked the slowest month for presale activity in five years, with zero new project launches across the Fraser Valley and only one 66-unit project anticipated for September. Developers are delaying projects as buyers adopt a “wait-and-see” stance, reflecting a growing mismatch between supply pipelines and current demand.

Resale Market : Buyers’ Market Conditions Deepen

Resale activity softened further, with sales volumes lagging long-term averages and inventory levels continuing to climb. Benchmark prices slipped slightly month-over-month, reinforcing buyer-friendly conditions. In both Greater Vancouver and the Fraser Valley, sales-to-listings ratios remain firmly tilted in favour of purchasers.

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September 2025 Real Estate Market Insights by MLA Canada