Greater Vancouver Real Estate Market Update – May 2025

The month of May delivered a dismal performance in the real estate market. Inventory has been steadily rising since December 2024, reaching over 18,000 active listings as of today. What’s surprising is that despite being in a buyer’s market since May 2024, prices have remained relatively stable without significant drops.

Bank of Canada (BoC) has kept the overnight rate unchanged this month, which means variable mortgage rates will stay the same. However, it’s clear that the market needs a catalyst to shift direction. In the past, we saw key turning points:

• In 2016, immigration policy changes stimulated buyer activity.

• After COVID, historically low interest rates encouraged people to "buy, buy, buy."

But things shifted fast. When BoC raised rates sharply, many buyers and investors were caught off guard. Will the government pull similar levers again — printing money or increasing immigration? Only time will tell.

As a full-time Realtor on the front lines, I’m tracking the market in real time. Often, by the time news hits the media, it's already old. If you’re thinking about buying, selling, or just want guidance on your real estate plans, I’m here to help.

Market Snapshot:
Here’s a quick breakdown of sales-to-active-listings ratios (SAR) across different cities. Generally, attached homes are performing better than detached ones. Here are a few highlights:

• Detached Homes: Stronger activity in New Westminster, North Vancouver, Abbotsford, and Mission

• Attached Homes: Slower activity in Downtown Vancouver, Richmond, Surrey, and Mission

Let’s navigate this evolving market together. Feel free to reach out with any questions — timing and strategy are everything in real estate.

Contact me anytime for a personalized update tailored to your area or property type.