News: Vancouver Real Estate Market

Home sales in the first half of the year were much slower than our H1 forecast had anticipated.

While it's difficult to pin the blame entirely on the economic uncertainty arising from the tariff-related policies of the new US administration, it's also difficult to say these developments have had no effect either.

And despite home prices having eased since the start of the year, in addition to three Bank of Canada interest rate cuts, buyers have remained hesitant to re-enter the market.

Our H2 forecast...

VANCOUVER, BC – May 2, 2025 – The cooler trend in Metro Vancouver’s housing market continued through April, as home sales remained well below typical seasonal levels. Despite improved borrowing conditions, many buyers are still taking a wait-and-see approach.

According to the Greater Vancouver REALTORS® (GVR), residential home sales totalled 2,163 in April 2025, marking a 23.6% decline from the 2,831 sales recorded in April 2024. Sales also fell 28.2% below the 10-year seasonal average of 3,014.

“From...

Home sales in Metro Vancouver fell to their lowest March levels since 2019, while the number of active listings continued to rise.

According to the Greater Vancouver REALTORS® (GVR), 2,091 residential properties were sold in March 2025, marking a 13.4% decline from March 2024’s 2,415 sales. This figure was also 36.8% below the 10-year seasonal average of 3,308.

“If we put aside uncertainty surrounding the new U.S. administration, buyers in Metro Vancouver haven’t seen such favourable conditions in years,”...

The number of newly listed properties on the MLS® in Metro Vancouver rose more moderately in February, after a 46% year-over-year increase of new listings in January, 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% decrease from the 2,070 sales recorded in February 2024. This total was 28.9% below the 10-year seasonal...