This month: house sales up 14%. Condo sales down 10.7%.
The gap is widening. And it’s not just Metro Vancouver.
The Fraser Valley just posted its first year-over-year sales increase in more than a year, with detached sales up 25%.
Same divergence, even more pronounced.
The same can’t be said for condos.
Your condo and a house: the gap just got smaller.
If you own a condo and you’ve thought about moving up to a house, this month’s Metro Vancouver numbers tell an interesting story — and the math may be working in your favour.
Metro Vancouver home sales in February continue to reflect the “new normal,” with activity still below long-term averages. While sales are down compared to last year, we’re also seeing fewer new listings come onto the market—especially in the condo segment.
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.
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.
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.
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.
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.
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.
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.
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.
The ongoing tariff war is weighing on consumer confidence, and that uncertainty is impacting the real estate market.
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.
Metro Vancouver’s housing market kicked off 2025 with a surge in new listings! January saw a 46% increase in newly listed homes compared to last year, as sellers entered the market early.
