Metro Vancouver Housing Market – February 2025 Update
February brought a more balanced market to Metro Vancouver, giving buyers more options and negotiating power.
- Sales: 1,827 homes sold—down 11.7% from last year.
- New Listings: 5,057 new properties hit the market, up 10.9% from January.
- Total Inventory: 7,251 active listings—54% above the 10-year average.
- Sales-to-Active Listings Ratio: 14.8% overall (detached homes at 10.7%, a buyer’s market).
In February 2025, the benchmark prices for residential properties in Metro Vancouver were as follows:
- Detached Homes: $2,006,100
- Townhouses (Attached): $1,087,100
- Apartments (Condos): $747,500
These figures represent slight changes compared to January 2025:
- Detached Homes: Virtually unchanged
- Townhouses: Decreased by 1.7%
- Apartments: Decreased by 0.1%
With more homes available and less pressure on prices, now might be a good time for buyers to jump in.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.