Courtesy of Aileen Noguer

Spring market brings abundance of opportunity for buyers

$762,800 apartment DOWN 2.0% year-to-year

$2,021,800 detached DOWN 0.7% year-to-year

BENCHMARK PRICES

$1,102,300 attached DOWN 2.9% year-to-year

16,207 ACTIVE LISTINGS 2,163 SOLD LISTINGS

detached 578 1,130 apartment

detached 5,856 7,219 apartment

31.6% SALES TO NEW LISTING RATIO

35 DAYS ON MARKET (detached)

7.5 MONTHS OF INVENTORY

6,850 NEW LISTINGS

Vancouver, May 2, 2025: The Greater Vancouver REALTORS ® (GVR) reports that residential sales in the region totalled 2,163 in April 2025. “From a historical perspective, the slower sales we’re now seeing stand out as unusual, particularly against a backdrop of significantly improved borrowing conditions, which typically helps to boost sales,” said Andrew Lis, GVR’s director of economics and data analytics. “What’s also unusual is starting the year with Canada’s largest trading partner threatening to tilt our economy into recession via trade policy, while at the same time having Canadians head to the polls to elect a new federal government. These issues have been hard to ignore, and the April home sales figures suggest some buyers have continued to patiently wait out the storm.” The total number of properties currently listed for sale on the MLS ® system in Metro Vancouver is 16,207.

The MLS ® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,184,500. This represents a 1.8 per cent decrease over April 2024 and a 0.5 per cent decrease compared to March 2025. Sales of detached homes in April 2025 reached 578. The benchmark price for a detached home is $2,021,800. Sales of apartment homes reached 1,130 in April 2025. The benchmark price of an apartment home is $762,800. Attached home sales in April 2025 totalled 442. The benchmark price of a townhouse is $1,102,300. Statistics reflect market activity in April 2025 | Source: Greater Vancouver REALTORS ® (GVR) | Market values stated are of the benchmark of Vancouver and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

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