July Market Highlights

July in Metro Vancouver arrives at the height of the summer season, reflecting the balance of peak summer living and measured market activity. Long daylight hours, warm temperatures, and active community gatherings set the backdrop, while the real estate market holds steady. Healthy inventory levels, improving buyer confidence, and emerging pricing stability point to continued resilience. While many step back for seasonal routines, opportunities remain for those engaged in the market—where well-timed decisions can create an advantage ahead of the fall. The encouraging shifts first noted in June have not only persisted but strengthened, carrying forward the momentum as the summer season reaches its midpoint.

Now past the midpoint of the year, home sales registered on the MLS® across Metro Vancouver* in July extended the early signs of recovery that emerged in June, now down just two per cent from July of last year – signaling a market steadily regaining its footing.

“The June data showed early signs of sales activity in the region turning a corner, and these latest figures for July are confirming this emerging trend. Although the Bank of Canada held the policy rate steady in July, this decision could help bolster sales activity by providing more certainty surrounding borrowing costs at a time where economic uncertainty lingers due to ongoing trade negotiations with the USA,” said Andrew Lis, Greater Vancouver REALTORS’ director of economics and data analytics.

Residential Sales

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,286 in July 2025, a two per cent decrease from the 2,333 sales recorded in July 2024. This was 13.9 per cent below the 10-year seasonal average (2,656).

Inventory + Home Price Data Analysis

There were 5,642 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in July 2025. This represents a 0.8 per cent increase compared to the 5,597 properties listed in July 2024. This was 12.4 per cent above the 10-year seasonal average (5,018).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 17,168, a 19.8 per cent increase compared to July 2024 (14,326). This is 40.2 per cent above the 10-year seasonal average (12,249).

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months

Metro Vancouver Home Sales by Property Type

Across all detached, attached and apartment property types, the sales-to-active listings ratio for July 2025 is 13.8 per cent. By property type, the ratio is 10.2 per cent for detached homes, 16.7 per cent for attached, and 15.9 per cent for apartments.

Detached Homes

Sales of detached homes in July 2025 reached 660, a 4.1 per cent decrease from the 688 detached sales recorded in July 2024. The benchmark price for a detached home is $1,974,400. This represents a 3.6 per cent decrease from July 2024 and a 1 per cent decrease compared to June 2025.

Apartments

Sales of apartment homes reached 1,158 in July 2025, a 2.9 per cent decrease compared to the 1,192 sales in July 2024. The benchmark price of an apartment home is $743,700. This represents a 3.2 per cent decrease from July 2024 and a 0.6 per cent decrease compared to June 2025.

Metro Vancouver Home Sales by Property Type

Across all detached, attached and apartment property types, the sales-to-active listings ratio for July 2025 is 13.8 per cent. By property type, the ratio is 10.2 per cent for detached homes, 16.7 per cent for attached, and 15.9 per cent for apartments.

Detached Homes

Sales of detached homes in July 2025 reached 660, a 4.1 per cent decrease from the 688 detached sales recorded in July 2024. The benchmark price for a detached home is $1,974,400. This represents a 3.6 per cent decrease from July 2024 and a 1 per cent decrease compared to June 2025.

Apartments

Sales of apartment homes reached 1,158 in July 2025, a 2.9 per cent decrease compared to the 1,192 sales in July 2024. The benchmark price of an apartment home is $743,700. This represents a 3.2 per cent decrease from July 2024 and a 0.6 per cent decrease compared to June 2025.

Freedom to Live Your Way

BC’s diverse regions each offer walkable, car light living tailored to local contexts. In Metro Vancouver, over 50% of daily trips are now by walking, cycling, or transit, with SkyTrain, SeaBus, and an extensive bus network linking 21 municipalities and major destinations like UBC, downtown, and the Broadway corridor. In the Okanagan Valley, Kelowna’s downtown core, Vernon, and Penticton feature compact, mixed-use town centres connected by BC Transit’s Valley Connector rapid buses, park and ride hubs, and growing bike share programs. Along the Sea to Sky corridor, Squamish and Whistler blend outdoor adventure with pedestrian-oriented villages: BC Transit fixed-route and on-demand shuttles connect Squamish to Whistler via the SkyLinx service, while Whistler’s Village Stroll and seasonal shuttles provide daily access to lifts, shops, and trails. On the Sunshine Coast, local buses, water taxis, and walkable town centres connect seaside communities. Choosing a home near frequent transit, core village services, or regional rapid routes means errands, commutes, and recreation can occur without relying on a personal vehicle.

Metro Vancouver: Transit-Oriented Hotspots to Watch

Metro Vancouver’s core neighbourhoods showcase how transit infrastructure fuels a robust resale market and supports car-light living. In Mount Pleasant & Olympic Village, upcoming Broadway Subway stations at Great Northern Way–Emily Carr and Mount Pleasant will link residents to the Cambie and Arbutus Corridors in minutes, with rapid bus service further west to UBC. Along South Cambie and Oakridge, mid-rise communities along the Canada Line—freed from minimum-parking rules—offer walkable, low-maintenance resale options ideal for downsizers. The Surrey–Langley SkyTrain extension along Fraser Highway connects burgeoning town centres—where early-generation condos change hands at accessible price points yet promise upside as the line matures. Commercial Drive–Grandview Woodland, with a Walk Score of 86, four RapidBus routes, and Millennium Line access, sees limited resale inventory drive competitive pricing on small-scale infill homes that double as mortgage helpers without requiring a car.

The Okanagan: Walkable Town Cores and Regional Transit

In the Okanagan Valley—home to Kelowna, Vernon, and Penticton—car-free living looks different but is growing. Downtown Kelowna’s compact core offers shops, restaurants, and parks within walking distance. The BC Transit Valley Connector bus links communities from Vernon to Okanagan Lake, with rapid routes and park and rides supporting commuters. Bike share programs and improved sidewalks in Penticton and Peachland further enhance pedestrian experiences. While most errands still require a vehicle, choosing a home near the city core or a transit hub can eliminate daily driving for work or school.

Squamish & Whistler: Car-Light Adventures in the Mountains

In Squamish and Whistler, the outdoors is the draw—and a car often plays a role. That said, each community is increasingly walkable:

• Squamish: The town centre’s compact layout makes shops, cafés, and trails reachable on foot or by e-bike. BC Transit’s fixed route buses connect Squamish to neighbouring communities and regional SkyLinx shuttles to Whistler. On-demand ride-hailing services and local shuttle loops reduce the need for a second household vehicle.

• Whistler: The pedestrian-oriented Village Stroll links hotels, restaurants, and lift access—few residents need a car once on the mountain. Peak-season shuttles and the Pemberton–Whistler transit corridor serve workers and visitors alike. For homeowners, owning a car for off-peak exploration is common, but locals can live car light year-round by relying on shuttles and cycling paths.

Sunshine Coast: Coastal Car-Light Living

The Sunshine Coast combines seaside charm with a growing network of walkable town centres and regional transit. From Gibsons Landing’s waterfront restaurants to Sechelt’s downtown shops, residents can accomplish daily errands on foot or by local bus. BC Transit’s Sunshine Coast Connector links communities from Langdale to Earls Cove, with park & ride services and seasonal water taxi connections enhancing mobility.

What It Means for Buyers

• First Time Buyers: A car-free lifestyle can improve mortgage affordability. Homes near reliable transit increasingly factor into property value assessments.

• Investors: Properties without parking often sell at a modest discount yet achieve comparable rental income. Check for car share programs and cycling infrastructure.

• Downsizers: Reduced vehicle reliance supports aging in place. Prioritize buildings with in-suite storage, elevator access, and nearby daily amenities.

Market Outlook: 2025–2030

BC expects over one million new residents over the next decade. As the province grows, car-free living is emerging not just as a trend, but as a fundamental shift that connects housing, climate action, and lifestyle. Buyers gain location efficiency, sellers may find walkable, transit-rich properties command premiums, and investors benefit from reduced parking costs.

Ready to Make the Switch?

Whether you seek an apartment steps from SkyTrain, a townhouse on a RapidBus corridor, or a presale in the next urban hub—or if you’re drawn to Okanagan town cores, mountain side villages, or the Sunshine Coast—our Stilhavn agents know BC’s evolving transit landscape inside and out. Explore listings near major transit routes, bike lanes, and pedestrian networks, and let’s find you a home where the only commute you’ll miss is the one you no longer make.

June in Vancouver ushers in a confident shift into the summer season. With extended daylight, warmer temperatures, and a noticeable uptick in outdoor activity, the region transitions into a period characterized by increased activity and community engagement. June marks a strategic turning point in the real estate calendar, as the pace of everyday life begins to slow with the onset of summer. While many pause for seasonal routines, this period offers a window of opportunity for those who stay attuned to the market—where informed decisions and timely moves can create a distinct advantage before the fall rush begins. 

June Market Highlights

After a turbulent first half of the year, home sales registered on the MLS® across Metro Vancouver* are showing emerging signs of a recovery, down ten per cent year-over-year – halving the decline seen last month.

Andrew Lis, Greater Vancouver REALTORS’ director of economics and data analytics said:

 “On a trended basis, signs are emerging that sales activity is rounding the corner after a challenging first half to the year, with the year-over-year decline in sales in June halving the decline we saw in May. If this momentum continues, it may not be long before sales are up year-over-year, which would mark a shift toward a market with more demand than the unusually low demand we’ve seen so far this year.”

Residential Sales

Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,181 in June 2025, a 9.8 per cent decrease from the 2,418 sales recorded in June 2024. This was 25.8 per cent below the 10-year seasonal average (2,940).

Inventory + Home Price Data Analysis

There were 6,315 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2025. This represents a 10.3 per cent increase compared to the 5,723 properties listed in June 2024. This was 12.7 per cent above the 10-year seasonal average (5,604).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 17,561, a 23.8 per cent increase compared to June 2024 (14,182). This is 43.7 per cent above the 10-year seasonal average (12,223).

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

Metro Vancouver Home Sales by Property Type

Across all detached, attached and apartment property types, the sales-to-active listings ratio for June 2025 is 12.8 per cent. By property type, the ratio is 9.9 per cent for detached homes, 16.9 per cent for attached, and 13.9 per cent for apartments.

Detached Homes

Sales of detached homes in June 2025 reached 657, a 5.3 per cent decrease from the 694 detached sales recorded in June 2024. The benchmark price for a detached home is $1,994,500. This represents a 3.2 per cent decrease from June 2024 and a 0.1 per cent decrease compared to May 2025.

Apartments

Sales of apartment homes reached 1,040 in June 2025, a 16.5 per cent decrease compared to the 1,245 sales in June 2024. The benchmark price of an apartment home is $748,400. This represents a 3.2 per cent decrease from June 2024 and a 1.2 per cent decrease compared to May 2025.

Attached Homes

Attached home sales in June 2025 totalled 473, a 3.7 per cent increase compared to the 456 sales in June 2024. The benchmark price of a townhouse is $1,103,900. This represents a three per cent decrease from June 2024 and a 0.3 per cent decrease compared to May 2025.

For more information in your specific neighbourhood, text me at 604-805-6820. Happy to help!

April unfolded at a gentler pace, with cooler temperatures and grey skies across Metro Vancouver. As spring hesitated to settle in, so did the housing market. Ongoing uncertainty around interest rates and rising construction costs—further clouded by tariff discussions—added to buyer hesitation and developer caution.

The slowdown in home sales registered on the MLS® in Metro Vancouver1 that began early this year continued in April, with sales down nearly 24 per cent year-over-year.

Home Sales

Greater Vancouver REALTORS® (GVR)2 reports that residential sales in the region totalled 2,163 in April 2025, a 23.6 per cent decrease from the 2,831 sales recorded in April 2024. This was 28.2 per cent below the 10-year seasonal average (3,014).

“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. 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.” – Andrew Lis, GVR director of economics and data analytics.

Inventory

There were 6,850 detached, attached and apartment properties newly listed for sale on the MLS® in Metro Vancouver in April 2025. This represents a 3.4 per cent decrease compared to the 7,092 properties listed in April 2024 and was 19.5 per cent above the 10-year seasonal average (5,731) for the month.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 16,207, a 29.7 per cent increase compared to April 2024 (12,491). This is 47.6 per cent above the 10-year seasonal average (10,979).

Metro Vancouver Home Sales by Property Type

Across all detached, attached and apartment property types, the sales-to-active listings ratio for April 2025 is 13.8 per cent. By property type, the ratio is 9.9 per cent for detached homes, 17.5 per cent for attached, and 15.7 per cent for apartments.

Home Price Data Analysis

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

Detached

Sales of detached homes in April 2025 reached 578, a 29 per cent decrease from the 814 detached sales recorded in April 2024. The benchmark price for a detached home is $2,021,800. This represents a 0.7 per cent decrease from April 2024 and a 0.6 per cent decrease compared to March 2025.

Apartments

Sales of apartment homes reached 1,130 in April 2025, a 20.2 per cent decrease compared to the 1,416 sales in April 2024. The benchmark price of an apartment home is $762,800. This represents a two per cent decrease from April 2024 and a 0.6 per cent decrease compared to March 2025.

Attached Homes

Attached home sales in April 2025 totalled 442, a 23.8 per cent decrease compared to the 580 sales in April 2024. The benchmark price of a townhouse is $1,102,300. This represents a 2.9 per cent decrease from April 2024 and a one per cent decrease compared to March 2025.

The Stilhavn Report

Whether you are looking to buy or sell a home or investment property in the coming months, or just curious about what’s happing in your neighbourhood, The Stilhavn Report has you covered. Providing in-depth market information and monthly summaries of what’s happening in the areas we service, this monthly report is the perfect starting point for first time buyers and market savvy investors alike.

Welcome to an Elevated Real Estate Experience

At Stilhavn, we continue our relentless pursuit of excellence because it’s our intrinsic belief that our clients deserve better than the status quo. When you become a client with Stilhavn you become a client for life, and it is our privilege to serve our community within the Lower Mainland.

We keep our fingers on the pulse, we collaborate extensively across our teams, and we are committed to providing an elevated experience when it comes to your next buying or selling journey.

As housing affordability and investment strategy continue to evolve across British Columbia, multi-unit dwellings have emerged as an appealing option for both home buyers and investors. Whether you’re entering the market for the first time, purchasing a second property, or seeking a home that pays you back, owning a property with more than one rentable unit is a smart and strategic choice in today’s dynamic BC real estate market.

What is a Multi-Unit Dwelling?

Before we dive into investment opportunities across BC, let’s define a key term: multi-unit dwelling (often abbreviated as MUD). A multi-unit dwelling is a residential property that contains two or more self-contained units, each with its own kitchen, bathroom, and living space. These properties are increasingly popular among both home buyers and investors looking for flexible living arrangements or passive income potential.

Common types of multi-unit dwellings include:

• Duplexes, triplexes, and fourplexes – Properties split into two, three, or four distinct units.

• Detached homes with legal secondary suites – Often in the form of basement suites or garden suites.

• Carriage or laneway homes – Additional units built on the same lot as the primary residence.

Whether you’re considering a property in Vancouver, the North Shore, Squamish, Whistler, the Sunshine Coast or the Okanagan, understanding the structure and appeal of multi-unit dwellings is the first step in making a smart, strategic real estate move.

Why Multi-Unit Dwellings Make Sense in 2025

From Vancouver to the Okanagan, real estate buyers are thinking creatively—and strategically. The rising cost of single-detached homes and recent zoning changes in many BC municipalities have created new pathways for homeowners to legally incorporate basement suites, laneway homes, and secondary units into their properties. These options, once niche, are now being embraced as part of a broader solution to housing shortages and cost-of-living pressures.

In Vancouver and on the North Shore, adding a secondary suite or laneway home to a detached property is increasingly common—and often encouraged by local bylaws. Meanwhile, in Squamish and Whistler, demand for flexible housing is growing quickly, driven by both full-time residents and investors looking to tap into year-round rental markets fueled by tourism and outdoor recreation. 

Furthermore, the Okanagan continues to see a rise in suite-equipped homes in Kelowna, Penticton, and Vernon, supporting everything from long-term rentals to multi-generational living. Additionally, on the Sunshine Coast, where buyers seek a blend of affordability, lifestyle, and natural beauty, properties with income potential are increasingly desirable—especially for those commuting periodically or planning semi-retirement.

Built-in Income, Lifestyle Flexibility

What makes a multi-unit dwelling so compelling? Its versatility. Live in one unit and rent the other. Use one space as a vacation rental and the other for personal use. Host family members, support parents, or simply create a mortgage helper that turns a dream property into a financially feasible one. This is especially appealing in markets like Whistler, the Okanagan, and the Sunshine Coast, where many buyers are drawn by the appeal of a vacation home that can double as an income-generating investment. A property with a legal suite or a secondary dwelling offers a way to enjoy the lifestyle of a vacation home without the full financial burden.

Who Benefits Most from Multi-Unit Dwelling Ownership?

These properties offer smart solutions for a wide range of buyers, including: 

• First-time buyers looking to offset mortgage payments

• Investors seeking long-term rental income

• Families buying together or housing multiple generations

• Recreational property buyers who want both enjoyment and rental potential

Retirees planning to age in place while generating passive income

How to Make It Work:

Check local zoning and bylaws. Many BC municipalities have streamlined processes for approving secondary suites.

Run the numbers. Understand potential rental income, expected expenses, and how that impacts your mortgage.

Work with an expert. A Stilhavn REALTOR® with experience in investment properties can help you assess value, secure financing, and navigate regulatory requirements.

The Bottom Line

Across BC—from Vancouver to Whistler, Kelowna to the Sunshine Coast—multi-unit dwellings are reshaping what it means to own real estate. They offer a rare combination of lifestyle flexibility, income potential, and long-term value. Whether you’re buying your first home, investing in a rental property, or exploring a vacation home that can help pay for itself, this is a strategy worth exploring.

March in Greater Vancouver arrived with all the signs of spring—cherry blossoms in full bloom, lively outdoor markets lining neighbourhood streets, and a fresh sense of energy as Vancouverites and BC residents welcomed the longer days. From the Vancouver Cherry Blossom Festival to the return of patio season, the city came alive with colour and connection. Amid this seasonal momentum, the real estate market told a more tempered story.

Home sales registered on the MLS® in the Metro Vancouver1 for the month of March were the lowest going back to 2019 for the same month, while active listings continue to their upward trend.

Home Sales

Greater Vancouver REALTORS® (GVR)2 reports that residential sales in the region totalled 2,091 in March 2025, a 13.4 per cent decrease from the 2,415 sales recorded in March 2024. This was 36.8 per cent below the 10-year seasonal average (3,308).

“If we can set aside the political and economic uncertainty tied to the new U.S. administration for a moment, buyers in Metro Vancouver haven’t seen market conditions this favourable in years. Prices have eased from recent highs, mortgage rates are among the lowest we’ve seen in years, and there are more active listings on the MLS® than we’ve seen in almost a decade. Sellers appear ready to engage — but so far, buyers have not shown up in the numbers we typically see at this time of year.” – Andrew Lis, GVR director of economics and data analytics.

Inventory

There were 6,455 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in March 2025. This represents a 29 per cent increase compared to the 5,002 properties listed in March 2024. This was 15.8 per cent above the 10-year seasonal average (5,572).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 14,546, a 37.9 per cent increase compared to March 2024 (10,552). This is 44.9 per cent above the 10-year seasonal average (10,038).

Metro Vancouver Home Sales by Property Type

Across all detached, attached and apartment property types, the sales-to-active listings ratio for March 2025 is 14.9 per cent. By property type, the ratio is 10.3 per cent for detached homes, 21.5 per cent for attached, and 16.2 per cent for apartments.

Home Price Data Analysis

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

Detached

Sales of detached homes in March 2025 reached 527, a 24.1 per cent decrease from the 694 detached sales recorded in March 2024. The benchmark price for a detached home is $2,034,400. This represents a 0.8 per cent increase from March 2024 and a 0.4 per cent increase compared to February 2025.

Apartments

Sales of apartment homes reached 1,084 in March 2025, a 10.2 per cent decrease compared to the 1,207 sales in March 2024. The benchmark price of an apartment home is $767,300. This represents a 0.9 per cent decrease from March 2024 and a 1 per cent increase compared to February 2025.

Attached Homes

Attached home sales in March 2025 totalled 472, a 4.6 per cent decrease compared to the 495 sales in March 2024. The benchmark price of a townhouse is $1,113,100. This represents a 0.8 per cent decrease from March 2024 and a 0.2 per cent increase compared to February 2025.

The Stilhavn Report

Whether you are looking to buy or sell a home or investment property in the coming months, or just curious about what’s happing in your neighbourhood, The Stilhavn Report has you covered. Providing in-depth market information and monthly summaries of what’s happening in the areas we service, this monthly report is the perfect starting point for first time buyers and market savvy investors alike.

 
Welcome to an Elevated Real Estate Experience

At Stilhavn, we continue our relentless pursuit of excellence because it’s our intrinsic belief that our clients deserve better than the status quo. When you become a client with Stilhavn you become a client for life, and it is our privilege to serve our community within the Lower Mainland.

We keep our fingers on the pulse, we collaborate extensively across our teams, and we are committed to providing an elevated experience when it comes to your next buying or selling journey.

1 Areas covered by Greater Vancouver REALTORS® include: Bowen Island, Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.

2  On February 12, 2024, The Real Estate Board of Greater Vancouver changed its organizational name to the Greater Vancouver REALTORS®.

February in Vancouver is a time of coastal winter beauty and local events. Locals and visitors embrace the season by strolling along the scenic seawall, enjoying the city’s cozy café culture, or attending events like the Vancouver International Wine Festival. Whether bundling up for a rainy-day hike or indulging in a warm bowl of ramen, February offers the perfect blend of outdoor adventure and urban comfort.

After a 46% year-over-year increase in new listings in January, the number of newly listed properties on the MLS® in Metro Vancouver rose more moderately in February, helping to keep market conditions in balanced territory. As buyer activity remained steady, the market continued to adjust to shifting supply levels while maintaining overall stability.

Home sellers off to an active start in 2025

Greater Vancouver REALTORS® (GVR)2 reports that residential sales in the region totalled 1,827 on Metro Vancouver’s Multiple Listing Service® in February 2025, an 11.7 per cent decrease from the 2,070 sales recorded in February 2024. This total was 28.9 per cent below the 10-year seasonal average (2,571).

“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 a potential Bank of Canada rate cut on the table for mid-March, homebuyers may find slightly improved borrowing conditions while enjoying the largest selection of homes on the market since pre-pandemic times.” – Andrew Lis, GVR director of economics and data analytics

Inventory

There were 5,057 detached, attached and apartment properties newly listed for sale on the MLS® in February 2025. This represents a 10.9 per cent increase compared to the 4,560 properties listed in February 2024. This was 11.6 per cent above the 10-year seasonal average (4,530).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 12,744, a 32.3 per cent increase compared to February 2024 (9,634). This is also 36.4 per cent above the 10-year seasonal average (9,341).

Metro Vancouver Home Sales by Property Type

Across all detached, attached and apartment property types, the sales-to-active listings ratio for February 2025 is 14.8 per cent. By property type, the ratio is 10.7 per cent for detached homes, 18.5 per cent for attached, and 16.8 per cent for apartments.

Home Price Data Analysis

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

Detached

Sales of detached homes in February 2025 reached 477, a 14.8 per cent decrease from the 560 detached sales recorded in February 2024. The benchmark price for a detached home is $2,006,100. This represents a 1.8 per cent increase from February 2024 and is virtually unchanged compared to January 2025.

Apartments

Sales of apartment homes reached 976 in February 2025, a 10.6 per cent decrease compared to the 1,092 sales in February 2024. The benchmark price of an apartment home is $747,500. This represents a 2.8 per cent decrease from February 2024 and a 0.1 per cent decrease compared to January 2025.

Attached Homes

Attached home sales in February 2025 totalled 359, a 10.9 per cent decrease compared to the 403 sales in February 2024. The benchmark price of a townhouse is $1,087,100. This represents a 1.2 per cent decrease from February 2024 and a 1.7 per cent decrease compared to January 2025.

The Stilhavn Report

Whether you are looking to buy or sell a home or investment property in the coming months, or just curious about what’s happing in your neighbourhood, The Stilhavn Report has you covered. Providing in-depth market information and monthly summaries of what’s happening in the areas we service, this monthly report is the perfect starting point for first time buyers and market savvy investors alike.

Navigating BC’s Real Estate Market Amid U.S. Trade Uncertainty

With U.S. tariffs now imposed on Canadian goods, home buyers and sellers may be wondering how this could impact BC’s real estate market. While economic uncertainty can create hesitation, it’s important to recognize that the fundamentals driving our housing market remain strong. For both buyers and sellers, understanding these factors can provide confidence in making real estate decisions.

The Strength of BC’s Housing Market

BC’s real estate market has historically remained resilient, even in times of economic fluctuation. With limited housing supply and consistent demand, home values continue to be supported by strong market fundamentals. Unlike industries directly tied to trade, such as manufacturing and exports, BC’s housing sector is largely driven by local factors, including population growth, job creation, and housing availability.

Navigating BC’s Real Estate Market Amid U.S. Trade Uncertainty

With U.S. tariffs now imposed on Canadian goods, home buyers and sellers may be wondering how this could impact BC’s real estate market. While economic uncertainty can create hesitation, it’s important to recognize that the fundamentals driving our housing market remain strong. For both buyers and sellers, understanding these factors can provide confidence in making real estate decisions.

Real Advice for Home Buyers and Sellers

For Sellers: Be Realistic and Strategic

If you’re selling your home, the key to success in this market is motivation and realistic pricing. Overpricing will only lead to your property sitting on the market longer, and in a shifting market, time is not always on your side. If you’re serious about selling, working with an experienced agent to price competitively from the start will give you the best chance of attracting qualified buyers.

If you’re planning to move up in the market, this could actually work in your favour. While you may sell for slightly less than you originally hoped, you can likely buy your next home at a much better price—offsetting any perceived loss on the sale.

For Buyers: This Is a Rare Window of Opportunity

As a buyer, you are in one of the strongest positions in decades. You have more negotiation power, better choices, and less competition than in recent years. While some buyers hesitate due to economic uncertainty, history shows that those who take advantage of market slowdowns often come out ahead in the long run.

Unlike previous dips in confidence—such as the 2008 financial crisis—this time, fewer investors are competing for properties due to new tax constraints. This means end-user homebuyers (those looking for a place to live rather than an investment) have a clear advantage. If you’re planning to buy a home for the long term, this could be one of the best moments to do so.

The Real Challenge: Uncertainty, Not Market Conditions

The biggest obstacle in today’s market isn’t a lack of demand or economic instability—it’s uncertainty. Many buyers and sellers are waiting on the sidelines, unsure of what to do next. But the truth is, well-priced homes are still selling, and smart buyers are finding great deals. The key is making informed decisions rather than letting uncertainty hold you back.

Now is the time to have a strategic conversation about your real estate goals. Whether you’re buying or selling, working with a knowledgeable agent who understands the nuances of this market can help you make the right moves with confidence.

Final Thoughts

Despite the economic headlines, BC’s housing market remains strong, driven by solid demand, limited supply, and a growing population. Buyers have a rare advantage right now, and motivated sellers who price realistically can achieve successful outcomes. The key to navigating this market is staying informed, confident, and strategic.

If you’re thinking about buying or selling in BC, let’s connect. Reach out! 604-805-6820

January in Vancouver is a mix of rain-soaked streets, misty mountain views, and the city’s signature west coast charm. While the downtown core delights with buzzing cafés, waterfront strolls, and cozy indoor escapes, the nearby slopes of Grouse, Cypress, and Seymour offer the perfect winter retreat for skiers and snowboarders. Despite the rain, Vancouverites make the most of the season—warming up with a good coffee, enjoying a scenic drive, or embracing the crisp, fresh air between downpours.

Just like the city itself, the real estate market is kicking off the year with momentum. In January 2025, new MLS® listings in Metro Vancouver1 surged 46% year-over-year, signalling that sellers are eager to enter the market early. With increased inventory, buyers may find more options—but in a competitive market, strategic moves are key.

Home sellers off to an active start in 2025

Greater Vancouver REALTORS® (GVR)2 reports that residential sales in the region totalled 1,552 in January 2025, an 8.8 per cent increase from the 1,427 sales recorded in January 2024. This was 11.3 per cent below the 10-year seasonal average (1,749).

“In the three months preceding January, we’ve watched buyer demand gain momentum, but it appears that momentum is now shifting toward sellers to start the new year. Even with this increase in new listing activity, sales continue to outpace last years’ figures, signaling some buyer appetite remains after the upswing that finished off 2024.” – Andrew Lis, GVR director of economics and data analytics

Inventory

There were 5,566 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® in Metro Vancouver in January 2025. This represents a 46.9 per cent increase compared to the 3,788 properties listed in January 2024. This was 31.1 per cent above the 10-year seasonal average (4,247).

Home Price Data Analysis

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

Metro Vancouver Home Sales by Property Type

Across all detached, attached and apartment property types, the sales-to-active listings ratio for January 2025 is 14.1 per cent. By property type, the ratio is 9.2 per cent for detached homes, 18.5 per cent for attached, and 16.5 per cent for apartments.

Detached

Sales of detached homes in January 2025 reached 380, a 0.3 per cent increase from the 379 detached sales recorded in January 2024. The benchmark price for a detached home is $2,005,400. This represents a 3.1 per cent increase from January 2024 and a 0.4 per cent increase compared to December 2024.

Apartments

Sales of apartment homes reached 846 in January 2025, a 13.4 per cent increase compared to the 746 sales in January 2024. The benchmark price of an apartment home is $748,100. This represents a 1.7 per cent decrease from January 2024 and a 0.2 per cent decrease compared to December 2024.

Attached Homes

Attached home sales in January 2025 totalled 321, a 12.6 per cent increase compared to the 285 sales in January 2024. The benchmark price of a townhouse is $1,105,600. This represents a 2.7 per cent increase from January 2024 and a 0.8 per cent decrease compared to December 2024.

Whether you are a Buyer or a Seller in a busy market, the key is to be prepared, get your”ducks in order”. After 20 years as a realtor, I am an expert guide in helping you do just that!

Let’s chat:604-805-6820

2025 is underway and with the spring market just around the corner, savvy sellers who list early can gain a crucial advantage. Instead of waiting for the flood of listings in April and May, those who list their home for sale now can get ahead of the competition, attract serious buyers, and maximize their sale price.

1. Low Inventory = Less Competition

The BC real estate market is waking up from its winter slowdown, but there are still fewer homes available for sale. That means buyers are actively looking but have limited options—giving your listing more visibility and negotiating power. By listing now, you position your home as a premium choice before the spring rush brings a surge of new listings.

2. Buyers Are Eager and Motivated

The cautious approach that dominated 2024 has resulted in strong pent up demand, especially in desirable BC markets like Vancouver, Kelowna and along the Sea to Sky. Many buyers who hesitated last year are now ready to act, eager to lock in a home before competition intensifies. If your home is priced and marketed correctly, it can attract motivated buyers who are serious about making a purchase now.

3. Interest Rates Are Stabilizing

The uncertainty surrounding interest rates had many buyers on the sidelines in 2024. But with inflation easing and the impact of significant rate cuts starting to take hold, confidence is returning. Buyers are adjusting to current rates, and those who need to move aren’t waiting for further changes.

4. The Spring Market Is Coming – Get Ahead of It

Every year, the real estate market sees a surge of activity in the spring. More listings hit the market, giving buyers more choices—and making it harder for sellers to stand out. By listing now, you avoid being lost in the crowd and can secure a great sale before competition increases.

5. Relisting? Now’s Your Chance to Refresh & Reposition

If your home was listed in 2024 without a sale, this is your opportunity to relist with a fresh strategy. A new marketing approach, updated pricing, staging improvements, or small renovations could make all the difference. Working with a Stilhavn realtor ensures your home is positioned for success in the current market.

6. The Right Realtor Makes All the Difference

Timing is everything in real estate, but so is expertise. A Stilhavn realtor understands local market trends, buyer demand, and how to showcase your home in the best possible light. With professional marketing, strategic pricing, and expert negotiation, we ensure you get top dollar for your home—without unnecessary delays.

Beat the Spring Rush – Contact me today

Don’t wait for the market to become crowded. Take advantage of current conditions, serious buyers, and low inventory by listing your home now. Whether you’re selling for the first time or relisting after a challenging 2024, the right strategy can make all the difference. Reach out today to start the process and stay ahead of the competition!

As of January 1, 2025, British Columbia’s new Home Flipping Tax is officially in effect. Designed to curb speculative activity in the housing market, this tax directly targets short-term home resales, often referred to as “flipping.” For home buyers and sellers, understanding this tax is crucial to making informed decisions in 2025 and beyond.

What Is the BC Home Flipping Tax?

The Home Flipping Tax is a measure aimed at discouraging individuals and entities from buying and selling residential properties within a short time frame purely for profit. Under this tax, profits made from reselling a property within 12 months of its purchase are now subject to taxation as business income, rather than the more favourable capital gains tax rate.

This tax applies regardless of whether the property is a primary residence, investment property, or secondary home. However, there are specific exemptions for life events such as death, divorce, disability, or employment relocation.

Impact on Home Sellers

1. Increased Costs for Flippers

For those looking to flip properties for profit, the new tax significantly increases the cost of doing business. Previously, only 50% of capital gains were taxable; now, 100% of the profits from a flipped property will be taxed at the seller’s full income tax rate. This shift makes flipping less lucrative and could deter speculative activity.

2. Slower Transactions

Sellers who may have been inclined to sell within a year of purchase might now reconsider. Instead of flipping quickly, homeowners may hold onto properties for longer to avoid the tax, potentially reducing the number of listings on the market.

3. Strategic Pricing Adjustments

The added tax burden could force sellers to adjust their pricing strategies. To remain competitive, sellers may need to account for the reduced pool of buyers interested in short-term transactions, particularly investors.

Impact on Home Buyers

1. Reduced Competition from Flippers

For prospective buyers, especially first-time buyers, the tax could bring some relief. With fewer speculators in the market, there may be less competition for entry-level homes, potentially easing upward pressure on prices in certain segments.

2. Long-Term Investment Focus

Buyers will likely adopt a more long-term mindset, viewing homes as places to live rather than quick investments. This cultural shift may foster greater stability in the market.

3. Higher Prices for Renovated Homes

With flippers exiting the market, the availability of fully renovated properties may decline. Buyers seeking move-in-ready homes could face higher prices for such properties, as they’ll likely become rarer.

Broader Market Effects

Overall, the Home Flipping Tax is expected to create a more balanced real estate market in British Columbia. By reducing speculative activity, the government hopes to alleviate some of the affordability challenges faced by residents. However, critics argue that the tax may reduce market liquidity and inadvertently exacerbate supply constraints.

What Should Buyers and Sellers Do?

Buyers will likely adopt a more long-term mindset, viewing homes as places to live rather than quick investments. This cultural shift may foster greater stability in the market.

For Buyers:

• Focus on long-term affordability and value when purchasing a home.

• Consider buying properties that may need renovations, as these could offer better value compared to turnkey homes.

• For Sellers:

  • Plan your transactions carefully, ensuring you’re aware of the tax implications if selling within 12 months.

  • Consult a tax professional to explore exemptions or strategies to minimize tax liabilities.

   

December gifted Metro Vancouver with a strong finish, closing out 2024 on a high note by reflecting renewed demand and strengthening momentum in the market.

2024: A Year In Review

Greater Vancouver REALTORS® (GVR)2reports a steady year overall, with 26,561 residential sales recorded in 2024—a 1.2% increase compared to 2023 (26,249 sales). While this total is 20.9% below the 10-year annual sales average, it showcases resilience in the market amidst evolving conditions.

“Disappointingly, sales came in shy of our forecasted target for the year, but the December figures signal an emerging pattern of strength in home sales, building on the momentum seen in previous months,” – said Andrew Lis, REBGV director of economics and data analytics.

Residential Home Sales

Residential sales in the region totalled 1,765 in December 2024, a 31.2 per cent increase from the 1,345 sales recorded in December 2023. This was 14.9 per cent below the 10-year seasonal average (2,074) for the month.

Inventory

There were 1,676 detached, attached and apartment properties newly listed for sale on the MLS® system in Metro Vancouver in December 2024. This represents a 26.3 per cent increase compared to the 1,327 properties listed in December 2023. This was 1.1 per cent below the 10-year seasonal average (1,695).

Home Price Data Analysis

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

Metro Vancouver Home Sales by Property Type

Across all detached, attached and apartment property types, the sales-to-active listings ratio for December 2024 is 16.8 per cent. By property type, the ratio is 12.1 per cent for detached homes, 23.6 per cent for attached, and 18.7 per cent for apartments.

Detached

Sales of detached homes in December 2024 reached 494, a 31.4 per cent increase from the 376 detached sales recorded in December 2023. The benchmark price for a detached home is $1,997,000. This represents a two per cent increase from December 2023 and is nearly unchanged compared to November 2024.

Apartments

Sales of apartment homes reached 891 in December 2024, a 23.9 per cent increase compared to the 719 sales in December 2024. The benchmark price of an apartment home is $749,900. This represents a 0.1 per cent decrease from December 2023 and a 0.4 per cent decrease compared to November 2024.

Attached Homes

Attached home sales in December 2024 totalled 371, a 55.9 per cent increase compared to the 238 sales in December 2024. The benchmark price of a townhouse is $1,114,600. This represents a 3.4 per cent increase from December 2023 and a 0.3 per cent decrease compared to November 2024.

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