The Vancouver Life Real Estate Podcast AUGUST 2025 Vancouver Real Estate Market Update - Prices Drop Even Further
Canada’s Housing Market Is Hitting a Breaking Point — and the August 2025 numbers prove it.
Vancouver home prices have slipped to their lowest level in over two years. Toronto prices? Wiped back to 2020 levels — erasing nearly all the gains from the pandemic boom. Inventory is piling up, sales are stagnant, and in some cases, sellers are watching hundreds of thousands in value disappear.
Meanwhile, the rental market — long thought to be untouchable — is cracking. Landlords are offering months of free rent to lure tenants, vacancy rates are climbing, and incentive-adjusted rents are falling fast. Investors are quietly exiting, major developers are hitting pause, and Canada’s construction pipeline is suddenly at risk.
It’s not just housing feeling the pinch. Job vacancies have plunged to an 8-year low, the labour market is weakening at a worrying pace, and more Canadians are putting off retirement entirely — not by choice, but because the rising cost of living has left them with little or nothing to save. The “Bank of Mom & Dad” is under strain, debt is rising among older Canadians, and an entire generation is staring down the possibility of working well into their 70s.
In this episode, we break down:
- The August 2025 Vancouver housing stats — including the first-ever July sales increase over June in history.
- Why Toronto’s home prices are in full reversal mode.
- How the rental market is shifting — and why that could mean less housing built in the years ahead.
- The growing economic pressures that are reshaping how Canadians live, work, and retire.
- The rise in foreclosures and what it signals for the months ahead.
This isn’t just another market update — it’s a snapshot of a housing and economic system under pressure from all sides. Whether you’re a homeowner, renter, investor, or simply trying to understand where Canada’s economy is headed, this is an episode you can’t afford to miss.
Watch to the end, then let us know in the comments: Do you think this is the start of a slow decline — or a sharper correction waiting to happen?
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Dan Wurtele, PREC, REIA
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Ryan Dash PREC
778.898.0089
ryan@thevancouverlife.com