April 2025 Greater Vancouver Housing Market Summary

Inventory climbs, prices ease, and opportunities open across all property types.

As of April 2025, Metro Vancouver's real estate market is characterized by increased inventory, declining sales, and modest price adjustments, creating favourable conditions for buyers. 

Property Type Breakdown

Detached Homes: 

• Sales: 578 (▼29% Year Over Year)
• Benchmark Price: $2,021,800 (▼0.7% Year Over Year, ▼0.6% Month Over Month)
• Average Days on Market: 35
• Market Condition: Buyer's market 

Townhomes:

• Sales: 442 (▼23.8% Year Over Year)
• Benchmark Price: $1,102,300 (▼2.9% Year Over Year, ▼1% Month Over Month)
• Average Days on Market: 25
• Market Condition: Balanced

Apartments:

• Sales: 1,130 (▼20.2% Year Over Year)
• Benchmark Price: $762,800 (▼2% Year Over Year, ▼0.6% Month Over Month)
• Average Days on Market: 31
• Market Condition: Balanced market

Bottom Line:

The current market conditions in Metro Vancouver present opportunities for buyers:

• Increased Inventory: Highest levels since 2014, providing more options for buyers.
• Stable Prices: Modest declines across property types, indicating potential value.
• Favourable Borrowing Costs: Low interest rates enhance affordability.

However, external factors such as economic uncertainties and global trade dynamics may influence buyer sentiment. Prospective buyers are advised to stay informed and consider long-term objectives when making purchasing decisions.