While October historically marks the final seasonal push in real estate activity, this year's market showed continued hesitation. Sales remained below 2023 levels and the ten-year average, despite the Bank of Canada's fourth rate cut of the year. What does this mean for you? Let's break it down:

Detached Homes:

Sales: 693 (down 4.3% from last October)
Benchmark Price: $1,916,400 (down 4.3% year-over-year)
Market Insight: The most stable segment. Buyers are active but selective, creating balanced negotiating conditions.

  Apartments / Condos:

Sales: 1,071 (down 23.1% from last October)
Benchmark Price: $718,900 (down 5.1% year-over-year)
Market Insight: Biggest decline means less competition and stronger negotiating power for qualified buyers.

Townhomes / Attached:

Sales: 477  (down 4.8% from last October)

Benchmark Price: $1,066,700 (down 3.8% year-over-year)

Market Insight: The "sweet spot" holding steady—space without the detached price tag keeps demand consistent.

 Overview
Across all property types, the market dynamics have fundamentally shifted in favor of buyers. The urgency that defined recent years—multiple offers, waived conditions, over-asking prices—has given way to a more measured environment. Today's buyers can conduct proper inspections, negotiate terms, and make decisions based on value rather than fear. Whether your goal is a condo, townhouse, or detached home, strategic timing now matters more than speed.

ABOUT ANNA LITVAK JOSEPH

Anna is a licensed REALTOR® based in Greater Vancouver and providing trading real estate services across Metro Vancouver, Greater Vancouver, Fraser Valley & Kelowna. Anna has an impressive track record and a wealth of experience in all the aspects of the real estate industry. As a full-time REALTOR®, Anna is dedicated to providing her clients with top-notch service, expert advice, and outstanding results in their real estate transactions. Anna emphasizes the importance of building valuable relationships and ensuring client satisfaction from the initial thoughts of making a move and through the home ownership journey. Her customer-centric approach is fundamental to her business philosophy.

With over 15 years of sales experience & entrepreneurship, Anna brings a high level of professionalism, customer service, and integrity to her real estate career. Anna’s outstanding performance in real estate is underscored by her impressive achievements. She qualified as a  Medallion Club Member in 2018, 2019, 2020, 2021, 2022, 2023 and 2024 placing her among the top 10% of real estate agents in Greater Vancouver. Anna has worked hard to gain numerous 5 star testimonials, and is being featured in several publications year over year, including Vancouver Excellence in Real Estate, Top agent Magazines, and more. Anna is also highly ranked in multiple cities across RATE-MY-AGENT.

Anna’s professionalism, expertise and knowledge is the reason why the majority of her business today consists of referral or repeat customers.  

About the team: The Anna Litvak Joseph Team at BC Prime Realty is a full-service real estate team that has grown over the years to a trusted brand that provides service to thousands of happy buyers and sellers.

Their dedication has been acknowledged with the prestigious Medallion Club award in 2020, 2021, 2022, 2023 and 2024, highlighting their excellence as one of the top 10% teams among real estate groups in Greater Vancouver.

The Anna Litvak Joseph Team values diversity and relationship, therefore they follow client- centric approach, making it stress-free journey throughout their real estate experience.

The Anna Litvak Joseph Team is truly passionate about their mission of deliver excellence in Real Estate by building long term relationships. Their professionalism, expertise and knowledge is the reason why the majority of their business consists of referral or repeat customers. 

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