News: Vancouver Real Estate Market

Key Highlights:

• 40% of Canadians whose mortgage is renewing in 2025 expect their payment will stay the same or decrease, while 57% anticipate their monthly payment will increase.

• 81% of those who expect their monthly payment to increase upon renewal, say it will put financial strain on their household.

• 10% of Canadians with a mortgage renewing in 2025 are exploring downsizing, relocating and rental income options.

• As interest rates continue to decline, more Canadians are looking to sign variable-rate...

Photo source: Unsplash. Photographer: Lucy Claire

Newly listed Metro Vancouver homes on the MLS® rose 46% year-over-year in January. Sellers appear to be eager to enter the market to start the year.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,552 in January 2025, an 8.8% increase from the 1,427 sales recorded in January 2024, which was 11.3% below the 10-year seasonal average of 1,749. 

Andrew Lis, GVR’s director of economics and data analytics,...