Metro Vancouver’s housing market in April 2025 offers a golden opportunity for buyers, with inventory soaring to 16,207 listings—the highest since 2014! Home sales dipped to 2,163, down 23.6% from last year, signaling cautious buyers amid trade uncertainties. Yet, prices remain stable, with the MLS® Home Price Index at $1,184,500, only 1.8% lower than April 2024. Lower borrowing costs and a buyer’s market (sales-to-active listings ratio at 13.8%) create ideal conditions for savvy investors and first-time buyers.

Detached homes saw a 29% sales drop, with benchmark prices at $2,021,800, while apartments fell 20.2% to $762,800. With more choices and stable prices, now’s the time to act. Don’t miss out on this rare market shift—connect with me to explore your options!

Ready to seize this buyer’s market or curious about your home’s value? Contact me today to discuss your real estate goals!

If you’ve been keeping an eye on Metro Vancouver’s housing market, February 2025 might just be the month that catches your attention. After a whirlwind January that saw a jaw-dropping 46% year-over-year surge in new listings, the market took a breath in February, settling into a more balanced groove. According to the latest data from Greater Vancouver REALTORS® (GVR), the region is buzzing with opportunity—for buyers, sellers, and savvy investors alike. Let’s dive into what’s happening and why now might be the perfect time to make your move.

A Market in Harmony
February 2025 saw 1,827 residential sales across Metro Vancouver’s Multiple Listing Service® (MLS®), down 11.7% from the 2,070 sales recorded a year ago. While that might sound like a dip, it’s worth noting that this figure sits 28.9% below the 10-year seasonal average of 2,571. Meanwhile, new listings climbed to 5,057—a solid 10.9% increase from the 4,560 properties listed in February 2024 and 11.6% above the decade’s norm. The result? A total inventory of 12,744 homes on the market, up an impressive 32.3% from last year and 36.4% above the 10-year average.
“After the rush of new listings in January, home sales and new listings in February were closer to historical averages, which has positioned the overall market in balanced conditions,” explains Andrew Lis, GVR’s director of economics and data analytics. Translation: the frenzy has calmed, and the market is hitting a sweet spot where neither buyers nor sellers hold all the cards.

What Does “Balanced” Really Mean?
In real estate speak, balance is gold. The sales-to-active listings ratio—a key indicator of market health—clocked in at 14.8% for February. Break it down by property type, and you’ll see 10.7% for detached homes, 18.5% for attached properties (like townhouses), and 16.8% for apartments. Historically, when this ratio dips below 12% for a while, prices tend to soften. When it climbs above 20% for months, prices heat up. Right now, Metro Vancouver is hovering in that “just right” zone, where price stability reigns supreme.
“Balanced market conditions typically bring a flatter price trajectory, and we’ve seen prices across all segments remain in a holding pattern for the past few months,” Lis notes. The MLS® Home Price Index composite benchmark for all residential properties sits at $1,169,100—a modest 1.1% dip from February 2024 and a tiny 0.3% drop from January 2025. Detached homes are steady at $2,006,100 (up 1.8% year-over-year), apartments at $747,500 (down 2.8%), and townhouses at $1,087,100 (down 1.2%). No wild swings here—just a market taking a breather.

A Perfect Storm of Opportunity
What’s making this moment particularly exciting? Two words: interest rates. With whispers of a potential Bank of Canada rate cut in mid-March, borrowing conditions could soon tilt in buyers’ favor. Pair that with the largest selection of homes since pre-pandemic days, and you’ve got a recipe for some serious house-hunting potential. “Homebuyers may find slightly improved borrowing conditions while enjoying the largest selection of homes on the market since pre-pandemic times,” Lis adds.
Spring is just around the corner, and historically, it’s the season when the market wakes up. Will buyers pounce on these favorable conditions? Will sellers hold firm or flood the market with more inventory? As Lis puts it, “It will be interesting to see whether buyers take advantage of some of the most favorable market conditions seen in years, and whether sellers change their willingness to bring their properties to market.” One thing’s for sure: all eyes are on Metro Vancouver as the next few months unfold.

A Little Tip for You
Thinking of jumping into the market—whether to buy, sell, or just test the waters? Here’s a pro tip: timing is everything, but preparation is king. Before you dive in, get your finances in order (pre-approval, anyone?) and do your homework on neighborhoods and property types that match your goals. In a balanced market like this, the best deals go to those who move fast and smart. Chat with a local realtor, crunch the numbers, and strike while the iron’s hot—spring could shake things up faster than you think!

Metro Vancouver’s real estate market is heating up, with sales soaring 28% from last November, following a similar rise in October. The Greater Vancouver REALTORS® reported 2,181 sales last month, despite being below the 10-year average. Properties listed increased by 10.6%, suggesting a balanced market that might not last. With a sales-to-listings ratio hinting at potential price increases, now could be the time to act.

Whether you’re buying or selling, understanding these trends can give you an edge. What do you think the market will do next?

Happy to chat!

#MetroVancouverRealEstate #MarketTrends #REALTOR

As the summer holidays wrap up, Vancouver’s real estate market is gearing up for a potential fall rebound after a quieter-than-usual August. Sales across the region dropped by 17.1% compared to last year, with only 1,904 transactions recorded. Buyers seem cautious, keeping the numbers 26% below the ten-year seasonal average, as they navigate higher borrowing costs despite recent rate cuts by the Bank of Canada.

Meanwhile, sellers have been steadily listing, and inventory has climbed by 37% compared to August 2023. This balanced market creates a waiting game for both buyers and sellers—will the September surge bring buyers back?

Stay tuned to see how the fall market shapes up!

#VancouverRealEstate #REALTOR #HousingMarketTrends