News: Vancouver Real Estate Market

Activity picked up pace in the final quarter of 2024, leading to moderate price increases and paving the way for a brisk spring market.

Highlights:

• Royal LePage forecasts that the aggregate price of Canadian homes will increase 6.0 percent in the fourth quarter of 2025, compared to 2024’s Q4.

• Housing policy and affordability are expected to be primary ballot box issues shaping voters’ decisions in the federal election.

• Greater Montreal Area’s aggregate home price increased 8.2 percent year-over-year,...

Home sales registered on the Multiple Listing Service® (MLS®) in Metro Vancouver increased over 30 % in December, compared to the previous year, signaling strengthening demand-side momentum to close-out the year. 

The Greater Vancouver REALTORS® (GVR) reports that regional residential sales totaled 26,561 in 2024, a 1.2 % rise from 26,249 sales in 2023, and a 9.2 % decrease from the 29,261 sales in 2022. 

The total of last year’s sales was 20.9 % below the 10-year annual sales average of 33,559....