March 2025 Vancouver Market Update

Vancouver Real Estate Update: Inventory Climbs, Buyers Gain Leverage

The Vancouver real estate market is undergoing a pivotal shift. After a 46% surge in new listings in January, February continued the trend of rising inventory levels, giving buyers more options than they've had in years. While the market remains in flux, all eyes are on the upcoming Bank of Canada rate announcement, which could be a game-changer for affordability and demand.

So, what does this mean for buyers and sellers? Let’s break down the key data points, hot markets, and the best opportunities in Vancouver real estate right now.

📊 February 2025 Market Snapshot

✅ Total Active Listings: 12,744 (📈 32.3% YoY increase) ✅ Benchmark Home Price: $1,691,000 (📉 1.1% decrease YoY) ✅ Home Sales: Slightly below the 10-year seasonal average ✅ Interest Rate Cuts: Expected in mid-March, potentially improving affordability

"Home buyers may find slightly improved borrowing conditions while enjoying the largest selection of homes on the market since pre-pandemic times." — Andrew Lee, Economist, Greater Vancouver Realtor Board

For the first time in years, buyers have leverage. The combination of increasing inventory and anticipated rate cuts could create the perfect storm for strategic purchases. But where are the best deals? Let’s take a closer look.

🔥 Where the Best Deals Are

📍 Downtown Vancouver

🏡 Market Condition: Buyer’s Market
💰 Best Buyer Deals: Homes between $2.7M - $3M (Only a 3% sales ratio!)
Key Takeaway: Coal Harbour is seeing major price drops—buyers looking for luxury at a discount should move fast.

📍 Vancouver West Side

🏠 Market Condition: Extreme Buyer’s Market (6% sales ratio across the board)
💰 Best Deals: Homes priced between $6.5M - $7M in Cambie, Shaughnessy, & South Granville
Key Takeaway: If you’re shopping in the ultra-luxury space, these neighborhoods offer rare buying opportunities at significantly reduced prices.

📍 Vancouver East Side

🏡 Market Condition: Balanced Market (Inventory up 11%)
💰 Best Buyer Deals: $2.7M - $3M homes in Collingwood, Fraser View, & Knight Road
Key Takeaway: More choices and negotiation power for buyers—expect good deals but also competition in sought-after areas.

🔑 Where Sellers Have the Advantage

Not all markets are slowing down. Some neighborhoods continue to see strong demand, creating prime opportunities for sellers to list while competition remains high.

🏙 Downtown Vancouver: West End & Yaletown → One-bedroom condos are moving quickly.
🌆 Vancouver East Side: Champlain Heights, Hastings, & Knight Road → High demand for 2-3 bedroom homes.
📍 Vancouver West Side: Mount Pleasant, Kitsilano, & Fairview → Strong seller’s market for townhomes.

Key Takeaway for Sellers: If your property is in a high-demand area, now is the time to list before more inventory hits the market.

💡 What This Means for You

✅ For Buyers: More inventory means more negotiating power. If you’re financing, locking in a deal before rates drop could give you an edge before competition spikes.
✅ For Sellers: If your home is in a seller’s market (West End, Kitsilano, Mount Pleasant), now is the time to capitalize on demand.

🚀 Want Personalized Insights?

Every real estate move should be strategic. Whether you're looking to buy, sell, or invest, having the right information and guidance is crucial.

📞 Book a free strategy session today → Schedule a Call

With inventory shifting and market dynamics evolving, now is the time to make your move in Vancouver real estate.