April 2024 Vancouver Real Estate Market Report

May 3, 2025

From Greater Vancouver Realtors:

The spring market brings an abundance of opportunity for buyers

VANCOUVER, BC – May 2, 2025 – The slowdown in home sales registered on the Multiple

Listing Service® (MLS®) in Metro Vancouver* that began early this year continued in April,

with sales down nearly 24 per cent year-over-year.

The Greater Vancouver REALTORS® (GVR) 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,” said Andrew Lis, GVR’s director of economics and data

analytics. “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.”