Sales started the year slower than normal. We saw 1,107 sales, which is down about 29% from January last year and also well below the 10-year average for January.

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2025 wrapped up with lower overall home sales, marking the slowest annual pace in over two decades. While demand remained subdued, sellers were active, pushing total listings well above the 10-year average and giving buyers more choice than we’ve seen in years.

The big theme heading into 2026: more inventory, lower borrowing costs, and more favourable conditions for buyers—the big question is whether demand comes back strongly.

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Metro Vancouver home sales in November continued the slower trend we saw in October, coming in 15.4% lower than last year and well below the 10-year seasonal average. As we head into the holiday season, buyers are staying patient while sellers adjust to market conditions we haven’t seen in years. Inventory remains elevated, giving buyers more choice and encouraging realistic pricing in today’s market.

Deals are still happening, but timing and strategy matter more than ever. With more supply on the market and prices easing slightly year-over-year, this quieter holiday period can present opportunities for buyers who are prepared, and sellers who price correctly.

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Metro Vancouver home sales this October were 14% lower than last year, staying below the 10-year seasonal average. With slower sales, more homes on the market, and the Bank of Canada cutting rates for the fourth time this year on October 29, buyers now have some of the best conditions we’ve seen all year, and many are watching closely to see how confidence will respond.

If you're thinking about buying or moving up, this market is in your favour, more supply, softer prices, and lower rates mean now is a great time to move!

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With another Bank of Canada rate cut now behind us—and markets expecting at least one more before year-end—homebuyers in Metro Vancouver have reason to feel optimistic about the fall market. 

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The market is stabilizing! With increased home inventory and mortgage rates down about 2% since last summer, buyers have more choices and better financing options. Sellers, pricing competitively is key to standing out, and upsizers now have great opportunities to upgrade.

Thinking about your next move? The right strategy could put your dream home within reach sooner than you think!

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🏡 Metro Vancouver Market Update – May 2025 📉📈
Inventory just hit a 10-year high while sales are still lagging—down nearly 30.5% below the seasonal average. Prices are softening and the gap between property types is narrowing, giving buyers and upsizers more power to negotiate.

Could 2025 follow the rebound path we saw in late 2020? 🤔
If you’ve been thinking about buying or upsizing, this could be your chance!

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Home sales remained slow in April — down nearly 24% year-over-year. This kind of slowdown is unusual, especially with borrowing conditions improving, which would normally spark more activity.

But this year has been anything but normal.

Watch for more details and stay tuned for more updates on the BC real estate market.

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The ongoing tariff war is weighing on consumer confidence, and that uncertainty is impacting the real estate market.

But if we set aside the political and economic unknowns tied to the U.S. administration’s trade policies and the upcoming Canadian federal election, Metro Vancouver is currently offering some of the most buyer-friendly conditions we’ve seen in years.

Watch for more details and stay tuned for more updates on the BC real estate market.

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https://youtu.be/UPmoeiQJNec

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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.

With the Bank of Canada's rate cut on March 12th, homebuyers will see improved borrowing conditions while benefiting from the largest selection of homes available since pre-covid times.

However, the ongoing tariff war may slow housing activity, while rising construction costs could delay projects and keep new home prices elevated. BC’s diverse trade portfolio may help mitigate the impact. A likely scenario is a temporary slowdown before a rebound driven by lower mortgage rates.

Stay tuned for more updates on the BC real estate market.

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👨‍💼 Victor Song PREC*
📍 Royal LePage Sterling Realty
📞 604-779-8408
📧 info@victorsong.com
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