Spring market brings abundance of opportunity for buyers 

The slowdown in home sales registered on the Multiple Listing Service® (MLS®) in Metro Vancouver that began early this year continued in April, with sales down nearly 24 per cent year-over-year. 

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,163 in April 2025, a 23.6 per cent decrease from the 2,831 sales recorded in April 2024. This was 28.2 per cent below the 10-year seasonal average (3,014). 

“From a historical perspective, the slower sales we’re now seeing stand out as unusual, particularly against a backdrop of significantly improved borrowing conditions, which typically helps to boost sales,” said Andrew Lis, GVR’s director of economics and data analytics. “What’s also unusual is starting the year with Canada’s largest trading partner threatening to tilt our economy into recession via trade policy, while at the same time having Canadians head to the polls to elect a new federal government. These issues have been hard to ignore, and the April home sales figures suggest some buyers have continued to patiently wait out the storm.” 

There were 6,850 detached, attached and apartment properties newly listed for sale on the MLS® in Metro Vancouver in April 2025. This represents a 3.4 per cent decrease compared to the 7,092 properties listed in April 2024 and was 19.5 per cent above the 10-year seasonal average (5,731) for the month. 

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 16,207, a 29.7 per cent increase compared to April 2024 (12,491). This is 47.6 per cent above the 10-year seasonal average (10,979). 

Across all detached, attached and apartment property types, the sales-to-active listings ratio for April 2025 is 13.8 per cent. By property type, the ratio is 9.9 per cent for detached homes, 17.5 per cent for attached, and 15.7 per cent for apartments. 

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months. 

“While the headlines have been filled with worrying news lately, there are positives in the current market worth highlighting, especially for buyers,” Lis said. “Inventory levels have just crested 16,000 for the first time since 2019, prices have stayed fairly stable for the past few months, and borrowing costs are the lowest they’ve been in years. These factors benefit buyers, and with balanced conditions across the market overall, there’s plenty of opportunity for anyone looking to make a purchase.” 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,184,500. This represents a 1.8 per cent decrease over April 2024 and a 0.5 per cent decrease compared to March 2025.

Sales of detached homes in April 2025 reached 578, a 29 per cent decrease from the 814 detached sales recorded in April 2024. The benchmark price for a detached home is $2,021,800. This represents a 0.7 per cent decrease from April 2024 and a 0.6 per cent decrease compared to March 2025. 

Sales of apartment homes reached 1,130 in April 2025, a 20.2 per cent decrease compared to the 1,416 sales in April 2024. The benchmark price of an apartment home is $762,800. This represents a two per cent decrease from April 2024 and a 0.6 per cent decrease compared to March 2025. 

Attached home sales in April 2025 totalled 442, a 23.8 per cent decrease compared to the 580 sales in April 2024. The benchmark price of a townhouse is $1,102,300. This represents a 2.9 per cent decrease from April 2024 and a one per cent decrease compared to March 2025.

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Editor’s Note: *Areas covered by Greater Vancouver REALTORS® include: Bowen Island, Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler. Greater Vancouver REALTORS® is an association representing more than 15,000 REALTORS® and their companies. The association provides a variety of member services, including the Multiple Listing Service®. For more information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit www.gvrealtors.ca.

Awesome Outdoor Space

2 Bed, 2 Bath, 1,054sqft

Open: April 27th from 2-4pm

Priced at $789,888

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Calling outdoor lovers & pet owners. Looking for your own outdoor oasis? Look no further! Located in Mayfair Place, Polygon's Georgian-inspired residences in the desirable Alexandra Gardens neighborhood. This 2 bed/2 bath/1,054sqft home offers an open layout with great bedroom separation & a private, fenced 100+sqft patio with direct access. Features: welcoming foyer, 9' ceilings, wood-style laminate, open living/dining, kitchen w/SS appls, granite counters & eating nook, AC in all rooms & more. The king-sized primary has a walk-in closet & ensuite w/soaker & shower. The 2nd bedroom is well-sized. Enjoy resort-style amenities: pool, hot tub, gym, games rm & more. Bonus: parking & locker. Centrally located near shopping, dining, recreation, schools & SkyTrain. Act now! Open house: April 27th from 2 to 4pm.

Vancouver, BC – April 14, 2025. The British Columbia Real Estate Association (BCREA) reports that 5,917 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in March 2025, down 9.6 per cent from March 2024.

The average MLS® residential price in BC in March 2025 was down 4.8 per cent at $963,323 compared to $1,011,965 in March 2024. The total sales dollar volume was $5.7 billion, a 13.9 per cent decrease from the same time the previous year. BC MLS® unit sales were 35 per cent lower than the ten-year March average.

“Buyers continued to shift back to the sidelines in March,” said BCREA Chief Economist Brendon Ogmundson. “The economic uncertainty surrounding potential tariffs on Canadian goods has some potential buyers hesitant, particularly in the province’s larger markets.”

Year-to-date, BC residential sales dollar volume is down 8.1 per cent to $14.5 billion, compared with the same period in 2024. Residential unit sales are down 5.2 per cent year-over-year at 15,160 units, while the average MLS® residential price is also down 3.1 per cent to $959,400.

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Provided by: BCREA

Endless Southeast Views

2 Bed + Den, 2 Bath, 1,099sqft

Priced at $1,089,800

Open: Saturday, April 12th from 2-4pm.

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Bright and spacious. Endless southeast views. This luxurious 2bed+den (easily 3rd rm)/2bath/1099sqft home w/9' ceilings, wrap-around covered balcony & an abundance of natural light will not disappoint. Features: engineered floors, Euro-inspired kitchen w/SS apps, hidden fridge, gas cooktop, marble counters & island w/bar. Enjoy the open layout w/spacious living & dining areas. The primary has walk-in closet & spa-like 5pc ensuite. The well-sized 2nd bed has a large closet & the den is a perfect home-office or potential 3rd rm. Benefits: 2 parking, locker & 40Ksqft of exclusive amenities; pool, gyms, games rm, theater rm, golf simulator & more! Located in the heart of Suter Brook: shops, dining, rec., Rocky Point, short walk to Skytrain & everything else. Act Now! Open house Saturday, April 12th from 2-4pm.

VANCOUVER, BC – April 2, 2025 – Home sales registered on the MLS® in Metro Vancouver* for the month of March were the lowest going back to 2019 for the same month, while active listings continue to their upward trend.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,091 in March 2025, a 13.4 per cent decrease from the 2,415 sales recorded in March 2024. This was 36.8 per cent below the 10-year seasonal average (3,308).

“If we can set aside the political and economic uncertainty tied to the new U.S. administration for a moment, buyers in Metro Vancouver haven’t seen market conditions this favourable in years,” said Andrew Lis, GVR’s director of economics and data analytics. “Prices have eased from recent highs, mortgage rates are among the lowest we’ve seen in years, and there are more active listings on the MLS® than we’ve seen in almost a decade. Sellers appear ready to engage — but so far, buyers have not shown up in the numbers we typically see at this time of year.”

There were 6,455 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in March 2025. This represents a 29 per cent increase compared to the 5,002 properties listed in March 2024. This was 15.8 per cent above the 10-year seasonal average (5,572).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 14,546, a 37.9 per cent increase compared to March 2024 (10,552). This is 44.9 per cent above the 10-year seasonal average (10,038).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for March 2025 is 14.9 per cent. By property type, the ratio is 10.3 per cent for detached homes, 21.5 per cent for attached, and 16.2 per cent for apartments.

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“The current market bares resemblance to early 2023 where price trends were generally flat, and sales started the year off slowly before gaining momentum in the spring and summer months,” Lis said. “While market conditions overall remain balanced, it’s worth noting that the attached segment continues teetering on the threshold of a sellers’ market as a result of a chronic undersupply, with only about 2,200 active listings available for prospective buyers throughout the entire region.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,190,900. This represents a 0.6 per cent decrease over March 2024 and a 0.5 per cent increase compared to February 2025.

Sales of detached homes in March 2025 reached 527, a 24.1 per cent decrease from the 694 detached sales recorded in March 2024. The benchmark price for a detached home is $2,034,400. This represents a 0.8 per cent increase from March 2024 and a 0.4 per cent increase compared to February 2025.

Sales of apartment homes reached 1,084 in March 2025, a 10.2 per cent decrease compared to the 1,207 sales in March 2024. The benchmark price of an apartment home is $767,300. This represents a 0.9 per cent decrease from March 2024 and a 1 per cent increase compared to February 2025.

Attached home sales in March 2025 totalled 472, a 4.6 per cent decrease compared to the 495 sales in March 2024. The benchmark price of a townhouse is $1,113,100. This represents a 0.8 per cent decrease from March 2024 and a 0.2 per cent increase compared to February 2025.

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Provided by: Greater Vancouver REALTORS®

Editor’s Note:

*Areas covered by Greater Vancouver REALTORS® include: Bowen Island, Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.

Greater Vancouver REALTORS® is an association representing more than 15,000 REALTORS® and their companies. The association provides a variety of member services, including the Multiple Listing Service®. For more information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit www.gvrealtors.ca.

Gorgeous, Endless Views

2 Bed + Den, 2 Bath, 1,201sqft

Priced at $1,174,800

Open: Sun, April 6th from 2-4pm

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Stunning views from every room! 180-degree outlook of mountains, water and city lights. This luxurious 2bed+den (easily 3rd rm)/2bath/1,201sqft home w/9’ ceilings, covered balcony & an abundance of natural light will not disappoint. Features: engineered floors, Euro-inspired kitchen w/SS apps, hidden fridge, gas cooktop, marble counters & island w/bar. Enjoy the open layout w/large living & dining areas. The primary has walk-in closet & spa-like 5pc ensuite. The well-sized 2nd bed has a large closet & the den is outfitted w/built-ins; perfect office or 3rd rm. Benefits: parking w/EV, 2 lockers & 40K+of amenities; pool, gyms, games rm, theater rm & more! In the heart of Suter Brook: shops, dining, rec., Rocky Point, short walk to Skytrain & everything else. Act Now! Open house Sunday, April 6th from 2-4pm.

Gorgeous, Endless Views

2 Bed + Den, 2 Bath, 1,201sqft

Open: Sun, April 6th from 2-4pm

Priced at $1,174,800

Click here for more...

Stunning views from every room! 180-degree outlook of mountains, water and city lights. This luxurious 2bed+den (easily 3rd rm)/2bath/1,201sqft home w/9’ ceilings, covered balcony & an abundance of natural light will not disappoint. Features: engineered floors, Euro-inspired kitchen w/SS apps, hidden fridge, gas cooktop, marble counters & island w/bar. Enjoy the open layout w/large living & dining areas. The primary has walk-in closet & spa-like 5pc ensuite. The well-sized 2nd bed has a large closet & the den is outfitted w/built-ins; perfect office or 3rd rm. Benefits: parking w/EV, 2 lockers & 40K+of amenities; pool, gyms, games rm, theater rm & more! In the heart of Suter Brook: shops, dining, rec., Rocky Point, short walk to Skytrain & everything else. Act Now! Open house Sunday, April 6th from 2-4pm.

Endless Southeast Views

2 Bed + Den, 2 Bath, 1,099sqft

Priced at $1,089,800

Open: Saturday, March 15th from 2-4pm

Click here for more...

Bright and spacious. Endless southeast views. This luxurious 2bed+den (easily 3rd rm)/2bath/1099sqft home w/9' ceilings, wrap-around covered balcony & an abundance of natural light will not disappoint. Features: engineered floors, Euro-inspired kitchen w/SS apps, hidden fridge, gas cooktop, marble counters & island w/bar. Enjoy the open layout w/spacious living & dining areas. The primary has walk-in closet & spa-like 5pc ensuite. The well-sized 2nd bed has a large closet & the den is a perfect home-office or potential 3rd rm. Benefits: 2 parking, locker & 40Ksqft of exclusive amenities; pool, gyms, games rm, theater rm, golf simulator & more! Located in the heart of Suter Brook: shops, dining, rec., Rocky Point, short walk to Skytrain & everything else. Act Now! Open house Saturday March 15th from 2-4pm.

Vancouver, BC – March 11, 2025. The British Columbia Real Estate Association (BCREA) reports that 4,947 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in February 2025, down 9.7 per cent from February 2024. The average MLS® residential price in BC in February 2025 was down 2.4 per cent at $964,349 compared to $987,811 in February 2024.

The total sales dollar volume was $4.8 billion, an 11.8 per cent decrease from the same time the previous year. BC MLS® unit sales were 28 per cent lower than the ten-year February average.

“After several months of growing momentum, market activity was hampered in February by the uncertainty surrounding tariffs,” said BCREA Chief Economist Brendon Ogmundson. “Apprehension from prospective buyers will continue amidst this unfortunate trade war but may be somewhat tempered by lower interest rates on the horizon.

Year-to-date, BC residential sales dollar volume is down 4.5 per cent to $8.8 billion, compared with the same period in 2024. Residential unit sales are down 2.8 per cent year-over-year at 9,175 units, while the average MLS® residential price is also down 1.8 per cent to $958,366.

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Provided by: BCREA

VANCOUVER, BC – March 4, 2025 – After a 46 per cent year-over-year increase of new listings in January, the number of newly listed properties on the MLS® in Metro Vancouver* rose more moderately in February helping keep market conditions in balanced territory.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,827 on Metro Vancouver’s Multiple Listing Service® (MLS®) in February 2025, an 11.7 per cent decrease from the 2,070 sales recorded in February 2024. This total was 28.9 per cent below the 10-year seasonal average (2,571).

“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,” Andrew Lis, GVR’s director of economics and data analytics said. “With a potential Bank of Canada rate cut on the table for mid-March, homebuyers may find slightly improved borrowing conditions while enjoying the largest selection of homes on the market since pre pandemic times.”

There were 5,057 detached, attached and apartment properties newly listed for sale on the MLS® in February 2025. This represents a 10.9 per cent increase compared to the 4,560 properties listed in February 2024. This was 11.6 per cent above the 10-year seasonal average (4,530).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 12,744, a 32.3 per cent increase compared to February 2024 (9,634). This is also 36.4 per cent above the 10-year seasonal average (9,341).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for February 2025 is 14.8 per cent. By property type, the ratio is 10.7 per cent for detached homes, 18.5 per cent for attached, and 16.8 per cent for apartments.

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“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 said. “But with the active spring season just around the corner, 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.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,169,100. This represents a 1.1 per cent decrease over February 2024 and a 0.3 per cent decrease compared to January 2025.

Sales of detached homes in February 2025 reached 477, a 14.8 per cent decrease from the 560 detached sales recorded in February 2024. The benchmark price for a detached home is $2,006,100. This represents a 1.8 per cent increase from February 2024 and is virtually unchanged compared to January 2025.

Sales of apartment homes reached 976 in February 2025, a 10.6 per cent decrease compared to the 1,092 sales in February 2024. The benchmark price of an apartment home is $747,500. This represents a 2.8 per cent decrease from February 2024 and a 0.1 per cent decrease compared to January 2025.

Attached home sales in February 2025 totalled 359, a 10.9 per cent decrease compared to the 403 sales in February 2024. The benchmark price of a townhouse is $1,087,100. This represents a 1.2 per cent decrease from February 2024 and a 1.7 per cent decrease compared to January 2025.

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Provided by: Greater Vancouver REALTORS®

Editor’s Note:

*Areas covered by Greater Vancouver REALTORS® include: Bowen Island, Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.

Greater Vancouver REALTORS® is an association representing more than 15,000 REALTORS® and their companies. The association provides a variety of member services, including the Multiple Listing Service®. For more information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit www.gvrealtors.ca.

Gorgeous, Endless Views

2 Bed + Den, 2 Bath, 1,201sqft

Priced at $1,198,800

Open: Sat, March 8th from 2-4pm

Click here for more...

Stunning views from every room! 180-degree outlook of mountains, water and city lights. This luxurious 2bed+den (easily 3rd rm)/2bath/1,201sqft home w/9’ ceilings, covered balcony & an abundance of natural light will not disappoint. Features: engineered floors, Euro-inspired kitchen w/SS apps, hidden fridge, gas cooktop, marble counters & island w/bar. Enjoy the open layout w/large living & dining areas. The primary has walk-in closet & spa-like 5pc ensuite. The well-sized 2nd bed has a large closet & the den is outfitted w/built-ins; perfect office or 3rd rm. Benefits: parking w/EV, 2 lockers & 40K+of amenities; pool, gyms, games rm, theater rm & more! In the heart of Suter Brook: shops, dining, rec., Rocky Point, short walk to Skytrain & everything else. Act Now! Open house Saturday, March 8th from 2-4pm.

Gorgeous, Endless Views

2 Bed + Den, 2 Bath, 1,201sqft

Priced at $1,224,800

Open: Sat, Feb 22nd from 2-4pm

Click here for more...

Stunning views from every room! 180-degree outlook of mountains, water and city lights. This luxurious 2bed+den (easily 3rd rm)/2bath/1,201sqft home w/9’ ceilings, covered balcony & an abundance of natural light will not disappoint. Features: engineered floors, Euro-inspired kitchen w/SS apps, hidden fridge, gas cooktop, marble counters & island w/bar. Enjoy the open layout w/large living & dining areas. The primary has walk-in closet & spa-like 5pc ensuite. The well-sized 2nd bed has a large closet & the den is outfitted w/built-ins; perfect office or 3rd rm. Benefits: parking w/EV, 2 lockers & 40K+of amenities; pool, gyms, games rm, theater rm & more! In the heart of Suter Brook: shops, dining, rec., Rocky Point, short walk to Skytrain & everything else. Act Now! Open house Saturday, February 22nd from 2-4pm.