News Release FOR IMMEDIATE RELEASE: Buyers remain hesitant as inventory builds VANCOUVER, BC – June 3, 2025 – May saw inventory levels across Metro Vancouver* reach another ten-year high, while home sales registered on the MLS® remained muted. 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. Read more here
03-06-2025
Vancouver Real Estate Market Update
I have just recently sold this listing at 312 - 3220 Connaught Crescent, North Vancouver.
29-05-2025
Recently Sold
View my new listing for sale SOLD at 312 - 3220 Connaught Crescent, North Vancouver and currently listed at $2,398,000.SOLDThe Connaught by Grosvenor in Edgemont Village, GOLD LEED concrete construction, air-conditioned, two well separated bedrooms & two full baths, 2 S/S parking, 1 locker. Chefs kitchen w Bosch appliances, quartz counters & marble backsplash, large office/den, spacious living/dining area, laundry ROOM with sink and storage, and South-facing balcony. With Thrifty''s downstairs, pharmacy, bank, wine store and restaurants steps away, this is perfect for down-sizers seeking convenience without compromising on space. Bring your 2 pets: dogs and cats (sorry, no bully type breeds allowed--! don''t make the rules!) Includes 2 side by side parking stalls and 1 locker, guest parking, concierge, gym and amenity room. In the heart of charming Edgemont Village. Open House Sat/Sun 1:30-3:30
29-05-2025
New Listings
From Zoocasa: https://www.zoocasa.com/blog/slowing-home-sales-canada-2025/ "After years of runaway price growth, Canada’s housing market is undergoing a significant reset, and sales volume is leading the charge. From the country’s largest metro areas to smaller, secondary cities, the pace of buying and selling has dramatically reshaped the pricing landscape, revealing a tale of two very different markets. Zoocasa used data from the Canadian Real Estate Association to analyze home sales and price changes across Canada over the past three years. Read more here
24-05-2025
Canadian Home Sales
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.” READ MORE HERE
03-05-2025
Vancouver Real Estate Market Update
A market made for buyers is missing buyers Home sales registered on the MLS® in the Metro Vancouver* for the month of March were the lowest going back to 2019 for the same month, while active listings continue their upward trend. The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,091 in March 2025, a 13.4 percent decrease from the 2,415 sales recorded in March 2024. This was 36.8 percent 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 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 percent increase compared to the 5,002 properties listed in March 2024. This was 15.8 percent 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 percent increase compared to March 2024 (10,552). This is 44.9 per cent above the 10-year seasonal average (10,038). 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 percent for detached homes, 21.5 per cent for attached, and 16.2 per cent for apartments. Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 percent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months. Sales-to-active listings ratio - March 2025 Detached 10.3% Attached 21.5% Apartment 16.2% Total 14.9% “The current market bears resemblance to early 2023 where price trends were generally flat, and sales started the year off slowly before gaining momentum in the spring and summer months,” Lis said. “While market conditions overall remain balanced, it’s worth noting that the attached segment continues teetering on the threshold of a sellers’ market as a result of a chronic undersupply, with only about 2,200 active listings available for prospective buyers throughout the entire region.” The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,190,900. This represents a 0.6 per cent decrease over March 2024 and a 0.5 percent increase compared to February 2025. Sales of detached homes in March 2025 reached 527, a 24.1 percent 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 percent increase from March 2024 and a 0.4 percent increase compared to February 2025. Sales of apartment homes reached 1,084 in March 2025, a 10.2 percent 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 percent decrease from March 2024 and a 1 percent increase compared to February 2025. Attached home sales in March 2025 totalled 472, a 4.6 percent decrease compared to the 495 sales in March 2024. The benchmark price of a townhouse is $1,113,100. This represents a 0.8 percent decrease from March 2024 and a 0.2 percent increase compared to February 2025. * 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.
03-04-2025
Vancouver Real Estate Market Update
I have just recently sold this listing at 611 4759 Valley Drive, Vancouver.
31-03-2025
Recently Sold
I have just recently sold this listing at 2055 W 53rd Avenue, Vancouver.
17-03-2025
Recently Sold
View my new listing for sale SOLD at 2055 W 53rd Avenue, Vancouver and currently listed at $5,099,000.SOLDLuxury 6 bedroom, 4.5 bathroom home on deep 154 ft lot. No lane. AC, 10'' coffered ceilings, gourmet eat-in kitchen w 6-burner Wolf cooktop, Miele dishwasher, Kitchen-Aid sidebyside fridge, double ovens, wine fridge, quality millwork (could add spice kitchen). Large family room w fireplace. Cross-hall living/dining room (opens to deck) + office/den on main. Lower level big Rec room + 2 bedroom, full bath & craft room/workshop. Could be a suite. N-facing garden w 45'' lap pool & lots of room to garden and lounge. 2 car garage + 1-2 in driveway. Excellent location, close to Kerrisdale W41 st & W57th shopping, Arbutus path, Maple Grove Elementary, Magee Secondary, Crofton and St. George''s 5-min away. Easy airport access. Immediate possession possible. Open House CANCELLED March 30th
14-03-2025
New Listings
From Great Vancouver Realtors: VANCOUVER, BC – March 4, 2025 – After a 46 per cent year-over-year increase of new listings in January, the number of newly listed properties on the MLS® in Metro Vancouver* rose more moderately in February helping keep market conditions in balanced territory. The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,827 on Metro Vancouver’s Multiple Listing Service® (MLS®) 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,” Andrew Lis, GVR’s director of economics and data analytics said. “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.” Read more here
10-03-2025
Vancouver Real Estate Market Update