April 2025 - Vancouver Real Estate Market Update

I'm sad to report that the Spring Real Estate Market never happened in March. If you're a buyer in the Greater Vancouver Area, conditions right now are seriously in your favour.

I'm Cari Mai, and this is your Vancouver Real Estate Market Update for April 2025.

In the month of March, there were over 14,000 homes listed for sale. That’s over 45% above the 10-year average, and around double the number of listings from March 2022.

This marks one of the highest levels of inventory we've seen in recent years, giving buyers far more selection than they're used to.

We're also seeing some of the lowest mortgage interest rates in the past three years, making financing more accessible for many homebuyers.

This combination of low rates and high supply is rare — and worth paying attention to.

The MLS benchmark price for all home types across Greater Vancouver sits at $1,190,900. That’s about a 1% increase from March 2024, and a 0.4% increase compared with February of this year.

So while the market is more favourable to buyers in terms of selection, prices are still holding firm.

Here’s the kicker — buyers haven’t shown up!

March sales were 37% below the seasonal average, making it the second slowest March since 2005.

Despite better rates and more inventory, many buyers appear to be waiting on the sidelines.

If you're looking to upsize, you've got tons of options and negotiating power. This is the kind of market we haven't seen in five to ten years — and it could be a golden opportunity to make a move.

Some homes are selling well — others are taking longer to move. Understanding your local market is key, and having the right pricing strategy will make all the difference.

For buyers, this might just be your window of opportunity. For sellers, it’s all about standing out in a crowded market.

If you have questions about how this market is impacting your plans, let’s connect. I’d be happy to give you a personalized breakdown of what’s happening in your area.