market update Archives | Kristi Holz Personal Real Estate Corporation

March 2026 Market Update

March 5, 2026

So February was an interesting month. Every one of my Buyers who offered on a property ended up in a multiple offer situation – a few of the multiple offer situations were quite competitive too, and the properties sold for surprising prices. These multiple offer situations were on townhouses and houses in Vancouver and North Vancouver, which isn’t a surprise as these markets have the keenest Buyers, moving to support their growing family.

I would still generally describe Buyers as active but not desperate, especially for the high rise condo market which is the slowest market. Buyers are engaging with sharp prices, high value properties and move in ready units. Buyers are being more particular about building quality and layouts as well and I find the units with the prime locations tend to see a ton of interest. Given that sales and multiple offers situations are increasing, we’re going to see more Buyers on their toes and ready to purchase. We’re also going to see more Sellers put their properties (specifically townhouses and houses) on the market given the news of a slightly busier market. Overall, I’m expecting the Spring Market to see a lot of activity – I won’t call it a busy market as I think it’s still very product and location specific, but if Vancouver is seeing signs of improvement then than can slowly spill over into other markets.

If you’re a Seller: put the effort in to make sure the property shows well because it’s appreciated by Buyers in saturated markets (and a way to set yourself apart) and it leads to even more excitement in competitive markets (Buyers are more likely to compete in multiple offers on great properties). In general you’re still better off pricing at market value if you’re keen for a quick sale.

If you’re a Buyer: learn all about the market you’re interested in, ensure you’re pre-approved and stay on your toes if you’re looking for a good deal or a good property – it’s Vancouver so the good ones go quick, regardless of market dynamics.

Here’s a snippet from the Real Estate Board’s Monthly Update:

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,648 in February 2026, a 9.8 per cent decrease from the 1,827 sales recorded in February 2025. This was 28.7 per cent below the 10-year seasonal average (2,310).

“With each passing data point, the pace of sales running well-below long-term averages are no longer a surprise – it’s become the new norm,” said Andrew Lis, GVR chief economist and vice-president data analytics. “A surprising finding this February, however, is that home sellers appear less eager to list their homes relative to last year with new listings down about seven percent, mostly driven by fewer listings in the apartment segment.”

Across all detached, attached and apartment property types, the sales-to-active listings ratio for February 2026 is 12.6 per cent. By property type, the ratio is nine per cent for detached homes, 16.6 per cent for attached, and 14.1 per cent for apartments.

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.

“With fewer sellers coming to market with their properties than last year, a pick-up in demand heading into the spring could result in a stagnation of standing inventory, which may support prices around current levels,” Lis said. “With sales slightly outpacing our 2026 forecast year-to-date, the spring market will be the litmus test of whether we continue along this new normal, or if we see any significant surprises.”

Onto the stats:

Vancouver West Real Estate Stats up to and including February 2026

HPI Price for Vancouver West
*Unfortunately HPI Price can’t be any more specific than Condo/Townhouse/House*
Average Sales Price for Vancouver West
Median Percentage of Original Price for Vancouver West
New Listings for Vancouver West
Total Inventory for Vancouver West
Total Sales for Vancouver West
Sales to Active Ratio for Vancouver West
Median Days on Market for Vancouver West

East Vancouver Real Estate Stats up to and including February 2026

HPI Price for East Vancouver
*Unfortunately HPI Price can’t be any more specific than Condo/Townhouse/House*
Average Sales Price for East Vancouver
Median Percentage of Original Price for East Vancouver
New Listings for East Vancouver
Total Inventory for East Vancouver
Total Sales for East Vancouver
Sales to Active Ratio for East Vancouver
Median Days on Market for East Vancouver

As always, if you have questions on a particular kind of property or neighbourhood, get in touch with me!

And if you’re thinking about selling your property, give me a call to chat about value, pricing strategy and the sale process. There are plenty of details to chat about – including timing, value, staging and your potential purchase – so don’t hesitate to contact me if you’d like to get started: kristi@realestatevancity.ca or 778-387-7371. The better you understand your current value and what Buyers may be looking for, the more successful your sale.

February 2026 Market Update

February 4, 2026

So the January numbers were out and the market has been slow. On the ground I’m seeing good activity at Open Houses for detached houses, townhouses and anything great or priced low but high rise condos have still generally been slow.

I would describe Buyers as active, but disciplined – they aren’t going to over pay and they aren’t going to rush into something that doesn’t feel right. Buyers are engaging with sharp prices, high value properties and move in ready units. Buyers are being more particular about building quality and layouts. So Seller’s take note: it’s definitely a market where neighbourhood, type of property, price and presentation matters. If you’re looking to sell and the unit doesn’t show well, it’s worthwhile doing what you need to do to clean up: whether that’s re-painting, staging, fixing repairs, landscaping or whatever else is needed to ensure you make the unit as appealing as possible to Buyers.

I’m not expecting this year to rebound, but I do expect to see Buyers make a move this Spring. As I mentioned above it seems that Buyers are starting to re-engage with the market now that sale figures indicate that prices are down. We may also see slightly lower inventory than expected because a lot of Seller’s may hold off on listing while the market is down (I’ve personally talked to a few potential Sellers this week that said they’d prefer to wait and see if the market gets a little better).

I’ve also been involved in a handful of multiple offer situations already this year. These properties aren’t selling for above market value, but they are selling quickly with some competition with regards to subject clauses (or a lack thereof).

If you’re a Buyer: learn all about the market you’re interested in, ensure you’re pre-approved and stay on your toes if you’re looking for a good deal or a good property – it’s Vancouver so the good ones go quick, regardless of market dynamics.

Here’s a snippet from the Real Estate Board’s Monthly Update:

“Our recent 2026 forecast suggests this year is likely to resemble 2025 on many fronts, and we expect sales to remain tepid. When paired with sellers remaining eager to list, inventory will likely remain elevated relative to historical averages and, as a result, we expect prices to finish the year relatively unchanged,” Lis said. “As consumers adjust to the ongoing backdrop of political and economic uncertainty, we expect a degree of pent-up demand to re-enter the market at some point. Whether it will happen in 2026 remains an open question, and we’ll be watching the market closely for signs of improvement.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,101,900. This represents a 5.7 per cent decrease over January 2025 and a 1.2 per cent decrease compared to December 2025.

Sales of detached homes in January 2026 reached 300, a 21.1 per cent decrease from the 380 detached sales recorded in January 2025. The benchmark price for a detached home is $1,850,800. This represents a 7.3 per cent decrease from January 2025 and a 1.5 per cent decrease compared to December 2025.

Sales of apartment homes reached 554 in January 2026, a 34.5 per cent decrease compared to the 846 sales in January 2025. The benchmark price of an apartment home is $704,600. This represents a 5.9 per cent decrease from January 2025 and a 0.8 per cent decrease compared to December 2025.

Attached home sales in January 2026 totalled 246, a 23.4 per cent decrease compared to the 321 sales in January 2025. The benchmark price of a townhouse is $1,043,400. This represents a 5.4 per cent decrease from January 2025 and a 1.2 per cent decrease compared to December 2025.

Onto the stats:

Vancouver West Real Estate Stats up to and including January 2026

HPI Price for Vancouver West
*Unfortunately HPI Price can’t be any more specific than Condo/Townhouse/House*
Average Sales Price for Vancouver West
Median Percentage of Original Price for Vancouver West
New Listings for Vancouver West
Total Inventory for Vancouver West
Total Sales for Vancouver West
Sales to Active Ratio for Vancouver West
Median Days on Market for Vancouver West

East Vancouver Real Estate Stats up to and including January 2026

HPI Price for East Vancouver
*Unfortunately HPI Price can’t be any more specific than Condo/Townhouse/House*
Average Sales Price for East Vancouver
Median Percentage of Original Price for East Vancouver
New Listings for East Vancouver
Total Inventory for East Vancouver
Total Sales for East Vancouver
Sales to Active Ratio for East Vancouver
Median Days on Market for East Vancouver

As always, if you have questions on a particular kind of property or neighbourhood, get in touch with me!

And if you’re thinking about selling your property, give me a call to chat about value, pricing strategy and the sale process. There are plenty of details to chat about – including timing, value, staging and your potential purchase – so don’t hesitate to contact me if you’d like to get started: kristi@realestatevancity.ca or 778-387-7371. The better you understand your current value and what Buyers may be looking for, the more successful your sale.

January 2026 Market Update

January 13, 2026

Happy New Year! I hope you had a wonderful holiday season with your friends and family, and had the chance to relax and recoup for the new year. As expected December was quite slow with a decrease in active inventory (both fewer new listings and a number of cancelled/terminated listings) but also a decrease in the number of sales. This caps off what was historically a slow year for real estate.

In general, Seller’s had to be quite flexible as Buyers had the upper hand. Though when it comes to Vancouver, especially well maintained entry level houses and family sized townhomes, there was still quite a bit of competition and quick sales, so Buyers had to move quickly in order to secure a good listing. As usual, pricing strategies are varied with some Sellers listing way to high in anticipation of Buyer’s looking to negotiate, but that’s a strategy that doesn’t see much success as most Buyers wait until a unit it priced appropriately before making their move.

We’ve seen the market start to wake up, though it’s still mid January so we have a few weeks before it will feel like we’re in the thick of the Spring market.

I have a few new listings hitting the market soon so keep you eyes out and don’t hesitate to reach out if you have any questions about homes or the market in general. Interest Rates have come down from their highs and are likely settling in this general range for the next little while so I don’t expect any major changes to rates, unless something unexpected happens worldwide.

Here’s a snippet from the Real Estate Board’s Monthly Update:

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,114,800. This represents a 4.5 per cent decrease over December 2024 and a 0.8 per cent decrease compared to November 2025.

Across all detached, attached and apartment property types, the sales-to-active listings ratio for December 2025 is 12.7 per cent. By property type, the ratio is 9.3 per cent for detached homes, 14.6 per cent for attached, and 15.1 per cent for apartments.

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.

Sales of detached homes in December 2025 reached 431, a 12.8 per cent decrease from the 494 detached sales recorded in December 2024. The benchmark price for a detached home is $1,879,800. This represents a 5.3 per cent decrease from December 2024 and a 1.1 per cent decrease compared to November 2025.

Sales of apartment homes reached 791 in December 2025, a 11.2 per cent decrease compared to the 891 sales in December 2024. The benchmark price of an apartment home is $710,000. This represents a 5.3 per cent decrease from December 2024 and a 0.6 per cent decrease compared to November 2025.

Attached home sales in December 2025 totalled 303, an 18.3 per cent decrease compared to the 371 sales in December 2024. The benchmark price of a townhouse is $1,056,600. This represents a five per cent decrease from December 2024 and a 0.8 per cent decrease compared to November 2025.

“With sales down and inventory remaining plentiful, prices eased across all property types since the start of 2025. Sales and prices weren’t the only metrics that came down, borrowing costs fell nearly one full percentage point,” said Lis. “With lower prices, lower borrowing costs, and plenty of inventory to choose from, homebuyers in 2026 are starting the year with favorable conditions. Whether these conditions translate into a market with stronger demand will be the million-dollar question – and we’ll be monitoring this story closely as it unfolds.”

Onto the stats:

Vancouver West Real Estate Stats up to and including December 2025

HPI Price for Vancouver West
*Unfortunately HPI Price can’t be any more specific than Condo/Townhouse/House*
Average Sales Price for Vancouver West
Median Percentage of Original Price for Vancouver West
New Listings for Vancouver West
Total Inventory for Vancouver West
Total Sales for Vancouver West
Sales to Active Ratio for Vancouver West
Median Days on Market for Vancouver West

East Vancouver Real Estate Stats up to and including December 2025

HPI Price for East Vancouver
*Unfortunately HPI Price can’t be any more specific than Condo/Townhouse/House*
Average Sales Price for East Vancouver
Median Percentage of Original Price for East Vancouver
New Listings for East Vancouver
Total Inventory for East Vancouver
Total Sales for East Vancouver
Sales to Active Ratio for East Vancouver
Median Days on Market for East Vancouver

As always, if you have questions on a particular kind of property or neighbourhood, get in touch with me!

And if you’re thinking about selling your property, give me a call to chat about value, pricing strategy and the sale process. There are plenty of details to chat about – including timing, value, staging and your potential purchase – so don’t hesitate to contact me if you’d like to get started: kristi@realestatevancity.ca or 778-387-7371. The better you understand your current value and what Buyers may be looking for, the more successful your sale.

December 2025 Market Update

December 3, 2025

November felt like the take of two markets. The beginning of the month continued the activity from October, but the end of the month seems to be a little tougher. I’m seeing a couple different trends:

Fewer new listings: this is expected given the holiday season and slow market. Many sellers are now waiting until the New Year to list and will be taking their property off the market soon (if it hasn’t yet sold) to give themselves a break over the holidays. I always say, if a property is for sale in December, especially closer to Christmas, the Seller is probably pretty keen to sell.
Collapsing offers: I’ve experienced this within my own business but have also talked to a number of other agents who have been experiencing this as well. Buyers are offering on properties but not going through with the purchase due to financing or changed minds. I think this has to do with a bit of a weird market but also Buyers keen to buy something and reaching for properties that aren’t perfect given the declining inventory.

The market will continue to slow down as everyone enjoys the holidays. Expect properties that were listed this fall to be re-listed in early January, with new listings starting to hit the market in mid-January, though I anticipate that it will be a slow build to a busy Spring market. Enjoy the holiday season, and give me a call if you have any questions!

Here’s a snippet from the Real Estate Board’s Monthly Update:

There were 3,674 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in November 2025. This represents a 1.4 per cent decrease compared to the 3,725 properties listed in November 2024. This was 3.1 per cent above the 10-year seasonal average (3,562).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for November 2025 is 12.6 per cent. By property type, the ratio is 9.7 per cent for detached homes, 13.6 per cent for attached, and 14.8 per cent for apartments.

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.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,123,700. This represents a 3.9 per cent decrease over November 2024 and a 0.3 per cent decrease compared to October 2025.

Onto the stats:

Vancouver West Real Estate Stats up to and including November 2025

HPI Price for Vancouver West
*Unfortunately HPI Price can’t be any more specific than Condo/Townhouse/House*
Average Sales Price for Vancouver West
Median Percentage of Original Price for Vancouver West
New Listings for Vancouver West
Total Inventory for Vancouver West
Total Sales for Vancouver West
Sales to Active Ratio for Vancouver West
Median Days on Market for Vancouver West

East Vancouver Real Estate Stats up to and including November 2025

HPI Price for East Vancouver
*Unfortunately HPI Price can’t be any more specific than Condo/Townhouse/House*
Average Sales Price for East Vancouver
Median Percentage of Original Price for East Vancouver
New Listings for East Vancouver
Total Inventory for East Vancouver
Total Sales for East Vancouver
Sales to Active Ratio for East Vancouver
Median Days on Market for East Vancouver

As always, if you have questions on a particular kind of property or neighbourhood, get in touch with me!

And if you’re thinking about selling your property, give me a call to chat about value, pricing strategy and the sale process. There are plenty of details to chat about – including timing, value, staging and your potential purchase – so don’t hesitate to contact me if you’d like to get started: kristi@realestatevancity.ca or 778-387-7371. The better you understand your current value and what Buyers may be looking for, the more successful your sale.

November 2025 Market Update

November 14, 2025

So, I don’t know about you but October was busy! Lots of activity and lots of sales, for myself and the market as a whole. There was a feeling that Buyers realized in October that inventory was going to be as good as it will get so now was the time to make a move, and they did – you’ll see an uptick in sales in each category below. Prices have remained fairly steady over the last few months. One thing the stats don’t indicate is the number of properties, specifically houses and townhouses, that are receiving multiple offers. This generally only happens when it’s priced right and the multiple offers typically aren’t competitive in that Buyers still have subjects and the price remains within a reasonable value, but it does show that Buyers are ready and waiting for great properties.

As you likely know, the interest rate dropped 25 points in October, which means the policy rate is sitting at 2.25%. There isn’t expected to be another rate change for the rest of the year and people are generally thinking that rates will remain in this range for the next little while. I can renew my mortgage anytime now, and will be chatting with my mortgage broker about my options.

We’re now 41 days until Christmas, we’ll continue to see new listings hit the market, but at a much slower clip. Generally I say that if someone is listed for sale in December, they are probably keen to sell! So try your offer, you never know what might happen.

Enjoy the holiday season, and give me a call if you have any questions!

Here’s a snippet from the Real Estate Board’s Monthly Update:

Home sales registered on the MLS® in Metro Vancouver were 14 per cent lower than last October, as the trend of slower sales and building inventory creates favourable conditions for those looking to buy in the fall market.

Across all detached, attached and apartment property types, the sales-to-active listings ratio for October 2025 is 14.2 per cent. By property type, the ratio is 11.3 per cent for detached homes, 17.6 per cent for attached, and 15.5 per cent for apartments.

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.

Onto the stats:

Vancouver West Real Estate Stats up to and including October 2025

HPI Price for Vancouver West
*Unfortunately HPI Price can’t be any more specific than Condo/Townhouse/House*
Average Sales Price for Vancouver West
Median Percentage of Original Price for Vancouver West
New Listings for Vancouver West
Total Inventory for Vancouver West
Total Sales for Vancouver West
Sales to Active Ratio for Vancouver West
Median Days on Market for Vancouver West

East Vancouver Real Estate Stats up to and including October 2025

HPI Price for East Vancouver
*Unfortunately HPI Price can’t be any more specific than Condo/Townhouse/House*
Average Sales Price for East Vancouver
Median Percentage of Original Price for East Vancouver
New Listings for East Vancouver
Total Inventory for East Vancouver
Total Sales for East Vancouver
Sales to Active Ratio for East Vancouver
Median Days on Market for East Vancouver

As always, if you have questions on a particular kind of property or neighbourhood, get in touch with me!

And if you’re thinking about selling your property, give me a call to chat about value, pricing strategy and the sale process. There are plenty of details to chat about – including timing, value, staging and your potential purchase – so don’t hesitate to contact me if you’d like to get started: kristi@realestatevancity.ca or 778-387-7371. The better you understand your current value and what Buyers may be looking for, the more successful your sale.

October 2025 Market Update

October 10, 2025

We’re into October and it’s the week before the long weekend so it has been a little slow, but there should be a nice influx of listings to hit the market next week. Overall September wasn’t as busy as I hoped – it didn’t have the typical injection of energy that we usually see at the beginning of the Fall Market – but the market is still chugging along, and the good properties that are priced reasonably are still selling, sometimes in multiple offers (though the multiple offer situations aren’t overly competitive).

In terms of interest rates, the Bank of Canada dropped rates by 25pts this month, with another drop expected this Fall. Welcome news for everyone! I’ll be renewing my mortgage soon and expect my perfect opportunity to lock in will happen later this Fall or early 2026.

I have a modern Cedar Cottage townhouse hitting the market this week – stay tuned for the photos. I also have a handful of Buyers who are still waiting for their perfect home to come up for sale in order to move. I know the number indicate that listings are high but it doesn’t feel that way for good duplexes or houses. A few of my Buyers have found some nice properties recently, and at good deals, all because they were offering.

Here’s a snippet from the Real Estate Board’s Monthly Update:

Another Bank of Canada rate cut and easing prices helped home sales registered on the MLS® in Metro Vancouver* edge higher relative to September last year.  The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,875 in September 2025, a 1.2 per cent increase from the 1,852 sales recorded in September 2024. This was 20.1 per cent below the 10-year seasonal average (2,348).  “The past few years have been quite challenging for the market, beginning with 2022’s rapid increase in interest rates, major political and policy shifts in subsequent years, and recent trade tensions with the USA weighing on the market,” Lis said. “With the acute impacts of these events now fading, we expect market activity to continue stabilizing to end the year, barring any unforeseeable major disruptions.” 

Sales of detached homes in September 2025 reached 552, a 7 per cent increase from the 516 detached sales recorded in September 2024. The benchmark price for a detached home is $1,933,100. This represents a 4.4 per cent decrease from September 2024 and a 0.9 per cent decrease compared to August 2025. 

Sales of apartment homes reached 954 in September 2025, a 1.5 per cent increase compared to the 940 sales in September 2024. The benchmark price of an apartment home is $728,800. This represents a 4.4 per cent decrease from September 2024 and a 0.8 per cent decrease compared to August 2025. 

Attached home sales in September 2025 totalled 356, a 5.8 per cent decrease compared to the 378 sales in September 2024. The benchmark price of a townhouse is $1,069,800. This represents a 2.7 per cent decrease from September 2024 and a 0.9 per cent decrease compared to August 2025.

Onto the stats:

Vancouver West Real Estate Stats up to and including September 2025

HPI Price for Vancouver West
*Unfortunately HPI Price can’t be any more specific than Condo/Townhouse/House*
Average Sales Price for Vancouver West
Median Percentage of Original Price for Vancouver West
New Listings for Vancouver West
Total Inventory for Vancouver West
Total Sales for Vancouver West
Sales to Active Ratio for Vancouver West
Median Days on Market for Vancouver West

East Vancouver Real Estate Stats up to and including September 2025

HPI Price for East Vancouver
*Unfortunately HPI Price can’t be any more specific than Condo/Townhouse/House*
Average Sales Price for East Vancouver
Median Percentage of Original Price for East Vancouver
New Listings for East Vancouver
Total Inventory for East Vancouver
Total Sales for East Vancouver
Sales to Active Ratio for East Vancouver
Median Days on Market for East Vancouver

As always, if you have questions on a particular kind of property or neighbourhood, get in touch with me!

And if you’re thinking about selling your property, give me a call to chat about value, pricing strategy and the sale process. There are plenty of details to chat about – including timing, value, staging and your potential purchase – so don’t hesitate to contact me if you’d like to get started: kristi@realestatevancity.ca or 778-387-7371. The better you understand your current value and what Buyers may be looking for, the more successful your sale.

September 2025 Market Update

September 9, 2025

Happy “Fall Market” everyone! We are into the 2nd week of September and the market is slowly but surely picking up speed: we’re seeing more (good) new listings, quick sales and increased activity at open houses. I wouldn’t yet call it a busy market but buyers seem to be back with some positive energy. Good listings will sell quickly (as usual) and in multiple offers, so if you’re looking for something unique, stay on your toes because the unique ones are listed and sold quickly. if you’re looking for a deal on a condo, there are tons of those too, you just have to be out looking and more importantly, submitting offers until you find the motivated Seller.

In terms of interest rates, there is another announcement next week along with a few other announcements this fall. There is a high likelihood that we’ll see one or two 25pt drops this Fall which will be welcome news for everyone, especially given that the last few announcements indicated no change.

Expect listing inventory to increase every week from now until November, so if you’re looking to purchase or sell this Fall, get into gear – it’s not a long market before everything slows down for Christmas.

Here’s a snippet from the Real Estate Board’s Monthly Update:

Easing prices brought more Metro Vancouver homebuyers off the sidelines in August, with home sales on the MLS® up nearly three per cent from August last year. The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,959 in August 2025, a 2.9 per cent increase from the 1,904 sales recorded in August 2024. “The August sales figures add further confirmation that sales activity across Metro Vancouver appears to be recovering, albeit somewhat slowly, from the challenging first half of the year,” said Andrew Lis, GVR’s director of economics and data analytics. “Sales in the detached and attached segments are up over ten per cent from last August, which suggests buyers shopping in more expensive price points are re-entering the market in a meaningful way.”

Across all detached, attached and apartment property types, the sales-to-active listings ratio for August 2025 is 12.4 per cent. By property type, the ratio is 9.3 per cent for detached homes, 15.8 per cent for attached, and 14 per cent for apartments. “As sellers’ and buyers’ expectations have become more aligned, transaction volume has picked up. Newly listed properties remain in line with their ten-year seasonal average however, which when paired with increasing sales activity, is likely to diminish the available inventory. This also means the window of plentiful opportunity for buyers may soon begin closing if these trends continue.”

Onto the stats:

Vancouver West Real Estate Stats up to and including August 2025

HPI Price for Vancouver West
*Unfortunately HPI Price can’t be any more specific than Condo/Townhouse/House*
Average Sales Price for Vancouver West
Median Percentage of Original Price for Vancouver West
New Listings for Vancouver West
Total Inventory for Vancouver West
Total Sales for Vancouver West
Sales to Active Ratio for Vancouver West
Median Days on Market for Vancouver West

East Vancouver Real Estate Stats up to and including August 2025

HPI Price for East Vancouver
*Unfortunately HPI Price can’t be any more specific than Condo/Townhouse/House*
Average Sales Price for East Vancouver
Median Percentage of Original Price for East Vancouver
New Listings for East Vancouver
Total Inventory for East Vancouver
Total Sales for East Vancouver
Sales to Active Ratio for East Vancouver
Median Days on Market for East Vancouver

As always, if you have questions on a particular kind of property or neighbourhood, get in touch with me!

And if you’re thinking about selling your property, give me a call to chat about value, pricing strategy and the sale process. There are plenty of details to chat about – including timing, value, staging and your potential purchase – so don’t hesitate to contact me if you’d like to get started: kristi@realestatevancity.ca or 778-387-7371. The better you understand your current value and what Buyers may be looking for, the more successful your sale.

August 2025 Market Update

August 5, 2025

Happy August Everyone! It’s my birthday month, and officially the dog days of summer so I will keep this short. August is one of the slowest months in real estate, which potential buyers and real estate agents taking vacations and focusing on enjoying the warm weather. The market was busier than expected in July, though some portions of the market are still quite slow.

The Bank of Canada decision in July saw no change in rates. There are a few more announcements in the Fall. The BoC has indicated that they are taking it day by day and will make decisions based on the updated metrics.

Enjoy these beautiful days while we have them and don’t hesitate to reach out if you’d like to chat through your real estate options!

Here’s a snippet from the Real Estate Board’s Monthly Update:

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. “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,” said Andrew Lis, GVR’s director of economics and data analytics. “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.”

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. 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.

“With the rate of homes coming to market holding steady in July, the inventory of homes available for sale on the MLS® has stabilized at around 17,000. This level of inventory provides buyers plenty of selection to choose from,” Lis said. “Although sales activity is now recovering, this healthy level of inventory is sufficient to keep home prices trending sideways over the short term as supply and demand remain relatively balanced. However, if the recovery in sales activity accelerates, these favourable conditions for home buyers may begin slowly slipping away, as inventory levels decline, and home sellers gain more bargaining power.”

Onto the stats:

Vancouver West Real Estate Stats up to and including July 2025

HPI Price for Vancouver West
*Unfortunately HPI Price can’t be any more specific than Condo/Townhouse/House*
Average Sales Price for Vancouver West
Median Percentage of Original Price for Vancouver West
New Listings for Vancouver West
Total Inventory for Vancouver West
Total Sales for Vancouver West
Sales to Active Ratio for Vancouver West
Median Days on Market for Vancouver West

East Vancouver Real Estate Stats up to and including July 2025

HPI Price for East Vancouver
*Unfortunately HPI Price can’t be any more specific than Condo/Townhouse/House*
Average Sales Price for East Vancouver
Median Percentage of Original Price for East Vancouver
New Listings for East Vancouver
Total Inventory for East Vancouver
Total Sales for East Vancouver
Sales to Active Ratio for East Vancouver
Median Days on Market for East Vancouver

As always, if you have questions on a particular kind of property or neighbourhood, get in touch with me!

And if you’re thinking about selling your property, give me a call to chat about value, pricing strategy and the sale process. There are plenty of details to chat about – including timing, value, staging and your potential purchase – so don’t hesitate to contact me if you’d like to get started kristi@realestatevancity.ca or 778-387-7371. The better you understand your current value and what Buyers may be looking for, the more successful your sale.

July 2025 Market Update

July 4, 2025

It is officially summertime here in Vancouver and I couldn’t be happier! I love the long, warm days, the beautiful gardens and the fun with friends. The real estate market has seen a bit of a slow down the last week or so – with school ending, the Canada Day long weekend and people planning fun weekend activities instead of open house viewings. We will see fewer sales and also fewer listings through summer.

There was a nice jump in energy and activity in June. This is likely due to Buyers and Sellers who didn’t want their search to extend into the Fall (& beyond) and decided to make a move, whether that was a price decrease on their listing or finally an offer on something they wanted to buy. In general, Buyers are in the power position but it does depend on how a unit is priced as some Sellers are pricing for multiple offers (and getting them). Sellers have to be priced to sell as most Buyers wait until something is priced low to reasonable before offering. I know a lot of Sellers price high to give them some room to negotiate, but you can’t negotiate if you don’t get any offers and Buyers are often willing to be reasonable if the Seller is reasonable. In any case, everyone’s motivation is different so try your offer!

There is another Bank of Canada interest rate announcement at the end of July and a few more set for the Fall. Experts are anticipating 2 rate decreases this year, which interest rates expected to level out in the high-3% range going forward.

Enjoy these beautiful days while we have them and don’t hesitate to reach out if you’d like to chat through your real estate options!

Here’s a snippet from the Real Estate Board’s Monthly Update:

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.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,228 in May 2025, an 18.5 per cent decrease from the 2,733 sales recorded in May 2024. This was 30.5 per cent below the 10-year seasonal average (3,206). 

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

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.

“As home sales regain their footing, inventory levels aren’t building as quickly as we’ve seen lately,” Lis said. “Most market segments remain in balanced market conditions, which has generally kept prices trending sideways since the start of the year. With over 17,000 listings on the market right now, and with mortgage rates down around two per cent since last summer, buyers are enjoying some of the most favourable conditions seen in years.”

Onto the stats:

Vancouver West Real Estate Stats up to and including June 2025

HPI Price for Vancouver West
*Unfortunately HPI Price can’t be any more specific than Condo/Townhouse/House*
Average Sales Price for Vancouver West
Median Percentage of Original Price for Vancouver West
New Listings for Vancouver West
Total Inventory for Vancouver West
Total Sales for Vancouver West
Sales to Active Ratio for Vancouver West
Median Days on Market for Vancouver West

East Vancouver Real Estate Stats up to and including June 2025

HPI Price for East Vancouver
*Unfortunately HPI Price can’t be any more specific than Condo/Townhouse/House*
Average Sales Price for East Vancouver
Median Percentage of Original Price for East Vancouver
New Listings for East Vancouver
Total Inventory for East Vancouver
Total Sales for East Vancouver
Sales to Active Ratio for East Vancouver
Median Days on Market for East Vancouver

As always, if you have questions on a particular kind of property or neighbourhood, get in touch with me!

And if you’re thinking about selling your property, give me a call to chat about value, pricing strategy and the sale process. There are plenty of details to chat about – including timing, value, staging and your potential purchase – so don’t hesitate to contact me if you’d like to get started kristi@realestatevancity.ca or 778-387-7371. The better you understand your current value and what Buyers may be looking for, the more successful your sale.

June 2025 Market Update

June 11, 2025

It’s amazing how fast the year goes from “it’s only February” to “it’s the last month in the Spring market”. We’re into June and the market has has a lot of activity since my last update! A welcome change from what was a slow April. There was a nice increase in Buyer energy after the May long weekend leading to a lot of sales. It seems as if a number of Buyers out there were keen to get their search over with and for a variety of reasons – maybe they’ve already sold, maybe they want their search over with before summer, maybe their finally happy with the drop in value they’ve seen – or maybe it’s a mix of all 3. I think we’ll see the market slow down in the summer – mostly due to a lack of good options for Buyers – with another jolt of energy in the Fall thanks to fresh new inventory and Buyers who are finally read to take advantage of some deals.

There was another Bank of Canada announcement on June 4th with rates remaining the same. The overall expectation is that there will be 2 more small drops by the end of the year, but the BoC has said they are being conservative and keeping rates the same for now.

Overall inventory, sales and prices have been pretty stagnant last month. I was expecting a bigger and better increase in inventory after the May long weekend, but it never truly came. The well priced units are selling but the high priced units are not – don’t be shy to submit a low off on these higher priced units; some Sellers are willing to negotiate their sale price but aren’t willing to officially drop their list price. So there are currently deals out there and there will continue to be deals out there during these uncertain times, you’ll just have to be looking, financially prepared and potentially ready for some minor renos (don’t let paint and other easy cosmetic changes scare you away).

As always, Real Estate should be viewed as a long term asset – you can’t purchase something with the expectation that it will make you a ton of money in the short term these days. You’re buying to pay down your mortgage and eventually have plenty of equity and a home to call your own.

Here’s a snippet from the Real Estate Board’s Monthly Update:

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,228 in May 2025, an 18.5 per cent decrease from the 2,733 sales recorded in May 2024. This was 30.5 per cent below the 10-year seasonal average (3,206). 

“While there are emerging signs that sales activity might be turning a corner, sales in May were below the ten-year seasonal average, which suggests that some buyers are still sitting on the sidelines or are being especially selective,” said Andrew Lis, GVR’s director of economics and data analytics. “On a year-to-date basis, sales in 2025 rank among the slowest to start the year in the past decade, closely mirroring the trends seen in 2019 and 2020. It’s worth noting that sales rebounded significantly in the latter half of 2020, but whether sales in 2025 might follow a similar pattern remains the million-dollar question.” 

Across all detached, attached and apartment property types, the sales-to-active listings ratio for May 2025 is 13.4 per cent. By property type, the ratio is 10.2 per cent for detached homes, 17.4 per cent for attached, and 14.7 per cent for apartments. 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,177,100. This represents a 2.9 per cent decrease over May 2024 and a 0.6 per cent decrease compared to April 2025. 

Onto the stats:

Vancouver West Real Estate Stats up to and including May 2025

HPI Price for Vancouver West
*Unfortunately HPI Price can’t be any more specific than Condo/Townhouse/House*
Average Sales Price for Vancouver West
Median Percentage of Original Price for Vancouver West
New Listings for Vancouver West
Total Inventory for Vancouver West
Total Sales for Vancouver West
Sales to Active Ratio for Vancouver West
Median Days on Market for Vancouver West

East Vancouver Real Estate Stats up to and including May 2025

HPI Price for East Vancouver
*Unfortunately HPI Price can’t be any more specific than Condo/Townhouse/House*
Average Sales Price for East Vancouver
Median Percentage of Original Price for East Vancouver
New Listings for East Vancouver
Total Inventory for East Vancouver
Total Sales for East Vancouver
Sales to Active Ratio for East Vancouver
Median Days on Market for East Vancouver

As always, if you have questions on a particular kind of property or neighbourhood, get in touch with me!

And if you’re thinking about selling your property, give me a call to chat about value, pricing strategy and the sale process. There are plenty of details to chat about – including timing, value, staging and your potential purchase – so don’t hesitate to contact me if you’d like to get started kristi@realestatevancity.ca or 778-387-7371. The better you understand your current value and what Buyers may be looking for, the more successful your sale.