Metro Vancouver Homes Face Longer Market Times, Buyers Misled

Properties in Metro Vancouver are experiencing extended time on the market, with a notable increase in the likelihood of relisting, according to new data from the Canadian real estate technology company HouseSigma Inc. As of June 30, 2025, homes in the region spent an average of 121 days on the market, a significant rise from 77 days at the same time last year. This trend raises concerns that buyers may not be fully informed about the state of the market.

The data reveals that approximately 30 percent of the listings active as of June 30 were relisted at least once, up from 26 percent during the same period in 2024. This relisting practice can obscure the true duration a property has been available, as the public-facing “count” resets with each relisting. HouseSigma noted that the average discrepancy between displayed and actual listing days was 47 days this year, compared to 29 days last year, which can mislead potential buyers regarding a property’s market history.

Aziz Ketari, the AI product lead at HouseSigma, emphasized the importance of accurate data. “What really surprised us is the extent of the discrepancy between what buyers see on listings versus the true number of days a property has been sitting in the market. This discrepancy between these two numbers is quite staggering,” he stated. He added that perceptions of a listing’s freshness could influence buyers’ assessment of its value and urgency in making offers.

Some specific areas within Metro Vancouver are experiencing more sluggish market conditions than others. For instance, properties in West Vancouver were listed for an average of 80 days, but the actual days on the market were 162 days—more than double the listed time. Other slower markets included White Rock, Richmond, and Vancouver. In contrast, Port Moody demonstrated more activity, with an average of 59 days listed and 93 days actual.

HouseSigma’s analysis also highlighted that single-family residences tend to spend more time on the market compared to other types of properties. More expensive homes particularly exhibit this trend, indicating that price may play a role in how long properties remain unsold.

The insights provided by HouseSigma are based on a comprehensive review of over 17,000 active listings in Metro Vancouver, covering properties created from October 2024 through May 2025. This analysis compared the actual property “days on market” (DOM), which factors in relistings, against the reported DOM visible to consumers. Listings over two years old were excluded to ensure data relevance, and outlier properties were removed to enhance accuracy.

The statistical significance of these findings was confirmed with a 95 percent confidence level, underscoring the reliability of the data. As buyers navigate the current market, understanding these nuances could be critical in making informed decisions.