As of February 2025, Metro Vancouver's real estate market exhibits balanced conditions, characterized by increased listings and stable sales activity.

Market Overview

The total active listings stood at 11,494, a 33.1% increase compared to January 2024, offering buyers a broader selection. The sales-to-active listings ratio was 14.1%, indicating balanced market conditions. Specifically, the ratios were 9.2% for detached homes, 18.5% for attached homes, and 16.5% for apartments. Historically, a ratio below 12% suggests downward pressure on prices, while above 20% indicates upward pressure.

Benchmark Prices

• Detached Homes: Benchmark price at $2,005,400, a 3.1% increase from January 2024.
• Apartments: Benchmark price at $748,100, a 1.7% decrease from January 2024.
• Townhouses: Benchmark price at $1,105,600, a 2.7% increase from January 2024.

The overall MLS® Home Price Index composite benchmark price for all residential properties was $1,173,000, reflecting a 0.5% increase over January 2024.

Economic Considerations

The Bank of Canada reduced its policy interest rate by 25 basis points to 3% in January 2025, aiming to stimulate economic activity. However, potential U.S. tariffs on Canadian exports pose risks to economic stability. Bank of Canada Governor Tiff Macklem cautioned that such trade conflicts could have severe repercussions, potentially leading to further rate cuts to mitigate economic impacts.

Is It a Good Time to Sell?

Given the balanced market conditions, increased buyer demand, and stable pricing, it is an opportune time for sellers to list their properties. The expanded inventory provides buyers with more options, which can facilitate transactions. However, sellers should remain attentive to economic developments, particularly trade relations and interest rate changes, as these factors could influence market dynamics in the coming months.