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Market Update | October 2025 🍁 October is usually Market Update | October 2025 🍁

October is usually the last month of the year to see a seasonal boost in sales, but activity still fell short 14% from last year and is well below the ten-year average. Even the Bank of Canada’s fourth rate cut of 2025 wasn’t enough to draw more buyers back. 

Inventory, which peaked in June, has slightly eased, while prices have softened across all market segments - roughly 3% across all residential home categories. With no further rate cuts expected this year, conditions remain highly favourable for buyers.

For buyers, this fall presents more selection, more negotiation room, and less competition than earlier in the year. For sellers, pricing strategically and preparing for longer days on market is key as the year winds down.

📱 778.838.3697 • 604-765-9034
📧 meg@megryan.ca • cprevedoros@rennie.com
Searching for homes and tired of having to think a Searching for homes and tired of having to think about renovations or pay for someone else’s lacklustre reno? Look no further! 👀

For many years, Vancouver’s residential real estate market was dominated by developers launching new projects and selling out entire buildings years before construction even began. Those days are now behind us - and this shift presents a unique opportunity for today’s buyers.

Projects that began pre-selling up to five years ago are now completing, yet many still have unsold homes. As buyers move into their purchased units, the remaining homes sit vacant - costing developers money each month.

So what does this mean for buyers?

Many developers are now highly motivated to sell these remaining homes and are offering substantial incentives to do so. Buyers today have more negotiating power than they’ve had in years. Unlike traditional resale sellers, developers are often more flexible - they’re focused on moving inventory and recovering capital rather than holding out for emotional or sentimental value.

These homes are brand new, move-in ready, and covered by full new-home warranties - making them an attractive option for buyers looking for value, quality, and peace of mind.

In addition - there are many government programs that provide exemptions and rebates for some of the costs associated with buying any home (Property Transfer Tax) and new homes (GST) - details below!

Newly Built Property Transfer Tax (PTT) Exemption
- Full exemption up to $1,100,000
- Partial up to $1,150,000
- Must be principal residence
- Does not need to be a first time buyer

First Time Buyer GST Exemption
- No GST (5%) up to $1,000,000 (Savings up to $50,000)
- Partial GST rebate up to $1,500,000
- Must be principal residence

Eg. First Time Buyer on $1,000,000 property = $50,000 GST Rebate + $18,000 PPT = $68,000 Potential Savings 

If you are looking for access the largest collection of move-in ready brand now homes - reach out to us directly or check out the Rennie Move In Today Home Shop - link in bio! 🔗

📱 778.838.3697 • 604-765-9034
📧 meg@megryan.ca • cprevedoros@rennie.com
NEW PRICE | 204 310 Water Street, Vancouver📍 Welc NEW PRICE | 204 310 Water Street, Vancouver📍

Welcome this New York style home in the Taylor Building – a loft in one of Gastown’s most iconic heritage conversions. This home blends timeless character with modern convenience, featuring reclaimed hardwood floors, exposed brick, wood beams, and soaring ceilings. Oversized windows flood the open layout with natural light, while a separated bedroom adds functionality. Perfectly located at Water & Cambie, you’re steps from boutiques, restaurants, and minutes to Waterfront Station for seamless access to transit.

1 Bed | 1 Bath | 644 sqft. 

Offered at $549,000

📱 778.838.3697 • 604-765-9034
📧 meg@megryan.ca • cprevedoros@rennie.com
🏡 Why We Love Duplex Living - Great for young fam 🏡 Why We Love Duplex Living

- Great for young families or downsizers
- Enjoy a yard and multiple levels of space
- No strata fees like a condo
- Shared maintenance costs with your neighbour
- Many are new or still under warranty
- Still have that coveted Vancouver address
- A smart way to stay in the city without the detached home price tag ✨

Looking for more information? Reach out!

📱 778.838.3697 • 604-765-9034
📧 meg@megryan.ca • cprevedoros@rennie.com

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