Properties in Metro Vancouver are spending more time on the market and are more likely to be relisted, although buyers are not necessarily getting the full picture, says Canadian real estate technology company HouseSigma Inc.
Properties for sale in the region as of June 30, 2025, spent an average of 121 days on the market, compared to 77 days at the same point last year, according to new data from the company provided to BIV.
The properties were also more likely to be relisted. This year, 30 per cent of listings active on June 30 were relisted at least once, compared to 26 per cent at the same point last year, said the company.
But buyers may not see the true extent of what’s happening on the ground, because when properties are relisted, the public-facing “count” starts again. HouseSigma said the average gap between displayed and actual listing days was 47 days as of June 30 this year, compared to 29 days at the same time last year.
“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,” said Aziz Ketari, the company’s AI product lead.
Ketari said buyer perceptions of how “new” a listing is can affect their understanding of its value, desirability, and how fast they need to act.
“If they don’t find the correct and accurate information about that property, it can be very misleading and it can lead to sometimes very catastrophic consequences for them,” he said.
Some markets in Metro Vancouver are more slow-moving than others, according to HouseSigma data released July 23. In West Vancouver, for example, the average time listed on market was 80 days, but in reality the actual number of days was 162—more than double.
White Rock, Richmond and Vancouver were the next most sluggish markets, while at the other end, Port Moody saw the most celerity with an average of 59 days listed and 93 actual.
Single-family residences are more likely than other unit types to spend longer on the market, as are more expensive properties, the company found.
HouseSigma, which has developed an AI tool to predict how long a given home will remain on the market, compared over 17,000 active listings in Metro Vancouver. Analyzed listings were created between October 2024 through May 2025. The company compared the actual property “days on market” (DOM), which accounts for relistings, with the reported DOM visible to consumers on property listings.
Listings over two years old were excluded from the data, and outliers were removed. “Shown results are statistically significant using a 95 per cent confidence level,” said the company’s July 23 release.
