News: Vancouver Real Estate Market

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...

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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,”...

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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...

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