Thinking about real estate? Happy to chat!

Thinking about real estate? Let’s chat!

Metro Vancouver’s real estate market is showing signs of recovery in July 2025, with home sales down just 2% from last year, a significant improvement from earlier declines. The Greater Vancouver REALTORS® report 2,286 residential sales, 13.9% below the 10-year average, signaling cautious optimism. Inventory remains robust at 17,168 listings, up 19.8% from July 2024, giving buyers ample choice. The MLS® Home Price Index benchmark is $1,165,300, down 2.7% year-over-year, with detached homes at $1,974,400 (-3.6%), apartments at $743,700 (-3.2%), and townhouses at $1,099,200 (-2.3%). A balanced market prevails, but rising sales could shift dynamics.

Buyers, now’s your moment—ample inventory and stable prices create a prime opportunity. However, with sales momentum building, this buyer-friendly market may not last. Sellers, steady demand and balanced conditions offer a solid platform to list. Whether buying or selling, acting strategically now could secure your next move in Metro Vancouver’s evolving market. Contact me for personalized insights or to discuss your real estate goals! Don’t miss the boat—ride the wave of Metro Vancouver’s market recovery with expert guidance.

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Happy house hunting!

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!

April 3, 2025

Metro Vancouver’s real estate market is serving up prime conditions for buyers—but they’re nowhere to be found. March 2025 home sales hit a six-year low at 2,091, down 13.4% from last year’s 2,415 and a whopping 36.8% below the 10-year average. Meanwhile, active listings are climbing, reaching 14,546—a 37.9% jump from March 2024 and 44.9% above the decade’s norm.

“Buyers haven’t seen a market this favorable in years,” says Andrew Lis, Director of Economics and Data Analytics at Greater Vancouver REALTORS®. Lower prices, historically low mortgage rates, and nearly a decade-high inventory should be a magnet for activity. Yet, despite eager sellers, buyer turnout remains sluggish.

New listings also surged, with 6,455 properties hitting the MLS® in March—up 29% from last year. The sales-to-active listings ratio sits at 14.9%, signaling a balanced market. Detached homes (10.3%) lean toward buyers, while attached homes (21.5%) flirt with seller territory due to a tight 2,200-unit supply.

Price-wise, the MLS® Home Price Index benchmark for all residential properties is $1,190,900, down 0.6% from March 2024. Detached homes rose slightly to $2,034,400 (+0.8%), apartments dipped to $767,300 (-0.9%), and townhouses settled at $1,113,100 (-0.8%).

Echoing early 2023’s slow start, this market could heat up later in spring or summer. For now, it’s a waiting game.

Marketing Tip: Sellers, stand out in this crowded market by staging your home to highlight its best features—think decluttered spaces and fresh curb appeal. Buyers are picky when options abound!

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 ended 2024 with a bang, showing a 30% surge in home sales in December compared to the previous year. Despite annual sales slightly underperforming, the market’s momentum is clear with declining mortgage rates and increased listings. The MLS® Home Price Index benchmark sits at $1,171,500, indicating a stable yet slightly increasing price trend. With the market poised for potential growth, now might be the perfect time to invest.

Are you ready to capitalize on this emerging trend? LET’S CHAT!
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