April 2025 Vancouver Real Estate Report - A New Recovery?

The BC real estate market faces its most important change in years. March 2025 home sales in Metro Vancouver have hit their lowest point since 2019. Recent data reveals a dramatic market correction. Sales have dropped 39% compared to the five-year March average. The market now has 14,546 listings, up 37.9% from March 2024. This number stands 44.9% above the 10-year seasonal average.

Our team watches Vancouver BC's real estate market changes closely. The numbers paint a clear picture of shifting market forces. Buyer-friendly conditions emerge as the months of supply has almost doubled with a 91% increase. The standard price holds at $1,190,900. However, we see a 0.6% drop from last year and a monthly decline of 1.01%. These numbers point to a softer market ahead. Your Vancouver realtor team stands ready to help you navigate these changing conditions. Housing experts predict provincial resale inventory will exceed 40,000 listings on average. This marks the first time in over a decade. Different property types show contrasting patterns. Detached homes struggle the most with a 49% drop in sales. The condo market shows more stability with a smaller 37% sales decrease.

Vancouver real estate sees inventory surge but sales lag

The Vancouver real estate market shows a clear gap between supply and demand. Recent market data reveals active listings have grown to 14,546 as of March 2025. This represents a huge 37.9% increase from last year. The current inventory sits 44.9% above the 10-year seasonal average, creating market conditions we haven't seen in years.

New property listings keep flooding the market. March alone saw 6,455 new homes listed, which is 29% more than last year. Sales numbers tell a different story though. Only 2,091 properties found new owners in March. This shows a 13.4% drop from last year and falls 36.8% below the 10-year seasonal average. The growing gap has pulled the sales-to-active listings ratio down to 14.9%. These numbers put the BC real estate market in a position that favors buyers.

The market has changed a lot in recent months. The sales-to-new listings ratio dropped from 49.7% to 45.9% between February and March. This is the lowest we've seen since February 2009. The numbers show that for every home sold, almost two new ones are being listed. Buyers now have more choices than ever in the Vancouver BC real estate market.

Different types of homes are feeling these changes differently. Detached homes took the biggest hit with sales dropping 49% and their sales-to-active listings ratio at just 10.3%. Attached homes and condos are doing better but still face challenges. The attached segment's sales-to-active listings ratio is at 21.5%, while condos sit at 16.2%.

As your Vancouver realtor team, we see both challenges and opportunities in today's market. Sellers face tougher competition and need smart pricing and great presentation. Buyers can benefit from more choices than we've had in years. The months of supply has almost doubled, and experts think this trend might continue through 2025, especially with uncertain economic conditions.

Detached, condo, and attached homes show diverging trends

The Vancouver BC real estate market data from April shows dramatic differences in how various housing categories are performing. Each market segment tells a unique story about where things stand and where they might be heading.

Detached homes are under significant pressure right now. Sales have dropped by 49% while inventory has grown by 31%. The supply has doubled, which points to clear oversupply in this premium category. The benchmark price remains at CAD 2834651.99, showing a 3.05% drop from last year but a small 0.72% uptick this month. These price movements don't match the sales decline, which suggests some luxury buyers remain active in specific areas. The sales-to-active listings ratio sits at just 10.3%, putting detached homes squarely in buyer's market territory.

Condominiums paint a mixed picture in the market. Sales have fallen 37% and inventory has jumped 48%. The benchmark price shows some strength with a 2.71% monthly increase, though it remains 2.03% lower than last year at CAD 1069125.28. Some neighborhoods maintain strong demand while others soften. The 16.2% sales-to-active listings ratio puts condos in balanced market territory, making them more stable than detached homes in the current bc real estate market.

The attached home segment (townhomes and duplexes) offers interesting insights as your trusted Vancouver realtor team. This middle-ground category between condos and detached homes often reveals affordability shifts first. Sales have dropped 27% as inventory rose 48%, and supply levels grew 76%. The benchmark price sits at CAD 1550949.24, down 4.04% from last year. The sales-to-active listings ratio of 21.5% approaches seller's market territory despite negative trends, which suggests strong demand meets limited supply.

Market trends suggest move-up buyers will target detached homes (CAD 1.67M-2.09M) as conditions improve. Retirees continue to prefer single-level townhomes or larger condos (CAD 975K-1.39M).

Buyers hesitate as economic uncertainty clouds outlook

The Vancouver BC real estate market faces tough economic challenges that dampen buyer enthusiasm. Sales volume dropped 17.3% compared to last year. Economic uncertainty and tariff concerns have substantially affected the market. The seasonally adjusted sales hit their lowest point of 2023, falling almost 20%. Hesitant purchasers held back despite favorable conditions.

Our Vancouver realtor team sees how unemployment rates affect buyer confidence. The rate now stands at 5.8%, up from 4.9% last year. Buyers remain cautious about big purchases even though the Bank of Canada reduced rates from 5% to 4.5% this year. The market psychology looks completely different from early 2023 when buyers rushed in despite higher interest rates.

The spring market started slower than any time in the past 15 years, according to the Fraser Valley Real Estate Board. Inventory levels reached a decade high while sales stayed low. Sellers won't drop prices below certain levels, yet buyers face stricter financing rules. This creates a standoff between both sides.

Metro Vancouver's median household income (CAD 124,705) can't keep up with housing costs. Many potential buyers wait on the sidelines. They expect more rate cuts throughout 2025 that could save them thousands each year on mortgage payments.

The BC real estate market favors buyers with the sales-to-active listings ratio at just 14%. Average prices went up 1.6% to CAD 1.61 million, but this reflects seasonal patterns rather than stronger market fundamentals. The month-to-month average price actually dropped 3.6% after seasonal adjustments.

The market's future depends on U.S. policy decisions and their effects on our local economy. We expect pent-up demand to return if tariffs face indefinite delays.

How Vancouver Realtors Help

The Vancouver real estate market needs professional guidance now more than ever. Our team of experienced Vancouver realtors knows how to guide clients through market ups and downs. Current inventory levels range from 13,000 to 15,000. We help clients make confident decisions instead of letting market uncertainty stop them.

We do much more than show properties. Our team provides market trend analysis, neighborhood insights, and property value assessments throughout Vancouver's real estate market. Local knowledge matters even more since Metro Vancouver's standard price for all residential properties is CAD 1,651,271.18. This price point creates a delicate balance that needs expert guidance.

The buying process is in our hands from start to finish. We find properties that match your needs and budget. Then we negotiate the best deals in this competitive market. Our team handles all documentation for legal compliance and connects you with trusted mortgage brokers and home inspectors. Sellers benefit from our professional photography, virtual tours, high-traffic listings, and strategic open houses that highlight their property's best features.

Years of experience in Vancouver's real estate market help us create pricing strategies that attract qualified buyers. This expertise proves valuable with the current sales-to-active listings ratio at 14.8% across all property types. These numbers show balanced market conditions that need careful interpretation.

The Greater Vancouver REALTORS® association represents more than 12,500 REALTORS®. As members, we have access to the Multiple Listing Service® and other professional resources. We help clients understand offer handling, especially when multiple offers come in during balanced markets. Market inventory might see big changes by the end of 2025. Our market predictions and strategic guidance help clients stay ahead whatever the market direction.

Conclusion

Vancouver's real estate market stands at a crossroads in 2025. Our April report shows tough conditions, but there are still chances for buyers and sellers who have the right strategy and know-how. Sales have hit their lowest since 2019, and inventory keeps climbing above historical averages. This major change has nearly doubled the months of supply. Buyers now have a lot more bargaining power and choices than they've had in the last decade.

Different property types tell unique stories across Metro Vancouver. Detached homes face the toughest road with sharp drops in sales and rising inventory. Condominiums show better strength despite market pressure. Attached homes sit in an interesting spot that draws specific buyer groups. These different paths show that real estate stays local at heart, and neighborhood factors often matter more than broader market trends. What works for the whole market might not apply to specific properties or communities in Vancouver.

Economic factors shape today's market mindset. Rising unemployment, changing interest rates, and wider economic uncertainty have made buyers careful. Most are waiting to see the market settle before making big purchases. The Bank of Canada has started lowering rates, but this hasn't yet boosted sales as expected. The gap between what people earn and house prices still makes affordability hard across the region. This makes market recovery more complex.

Expert guidance matters more than ever in these tricky times. Our Team Paul Eviston knows these market patterns inside out and offers the strategic insight to help you through today's challenges. Many buyers and sellers turn to Vancouver's best realtor team when the market gets foggy. We help clients make confident choices based on facts rather than headlines. Our negotiation skills will give you the best results, whatever the market does. Success in real estate comes from making smart, informed decisions with expert help rather than perfect timing.

The rest of 2025 will bring more changes to Vancouver's real estate scene. Current inventory and economic signs point to steady stabilization instead of big swings either way. Buyers should look at their long-term housing needs rather than short-term market ups and downs. Sellers need to understand today's competitive market and set realistic expectations. Our team keeps providing the market insights, negotiation expertise, and personal service that Vancouver residents have trusted for years. Markets change, but our steadfast dedication to client success stays the same.