The Metro Vancouver home sales saw an active start to 2025, with a significant increase in new listings and steady buyer demand continuing from late 2024. According to Greater Vancouver REALTORS® (GVR), residential sales rose 8.8% year-over-year in January, with new listings up by nearly 47%. This signals a promising start to the year for both buyers and sellers.
More Listings Enter the Market
One of the most notable trends in January was the sharp increase in new property listings. A total of 5,566 detached, attached, and apartment properties were listed on the MLS® system — 46.9% more than in January 2024. This influx has pushed total active listings to 11,494, a 33.1% increase from the previous year.
While this rise in supply gives buyers more options, Metro Vancouver home sales remain balanced, meaning sellers are still finding opportunities to make competitive sales.
“In the three months preceding January, we’ve watched buyer demand gain momentum, but it appears that momentum is now shifting toward sellers to start the new year,” said Andrew Lis, GVR director of economics and data analytics. “Even with this increase in new listing activity, sales continue to outpace last years’ figures, signaling some buyer appetite remains after the upswing that finished off 2024.”
Metro Vancouver Home Sales Activity by Property Type
Overall, 1,552 homes were sold in January 2025, up 8.8% from the 1,427 sales recorded in January 2024. While this figure is slightly below the 10-year seasonal average, it reflects steady market momentum.
- Detached Homes: 380 sales (+0.3% YoY) | Benchmark price: $2,005,400 (+3.1%)
- Apartments: 846 sales (+13.4% YoY) | Benchmark price: $748,100 (-1.7%)
- Townhomes: 321 sales (+12.6% YoY) | Benchmark price: $1,105,600 (+2.7%)
The increase in apartment and townhouse sales suggests buyers are still seeking more affordable housing options amid high borrowing costs.
What’s Driving Metro Vancouver Home Sales?
According to Andrew Lis, GVR’s director of economics and data analytics, Metro Vancouver home sales are seeing a shift in momentum from buyers to sellers. While sales have remained steady, the rising number of new listings has helped keep prices relatively stable.
“With new listings outpacing demand to start 2025, price trends saw little fluctuation in January across all segments, with the market overall standing in balanced conditions,” Lis said.
However, external factors — such as potential U.S. tariffs on Canadian goods — could have ripple effects on the economy, potentially impacting consumer confidence and real estate trends later in the year.
What Does This Mean for Buyers and Sellers?
With increased supply and steady demand, Metro Vancouver home sales remain balanced for now. If you’re looking to buy, now may be a great time to explore your options with more listings available. Sellers, on the other hand, should be mindful of pricing their properties strategically to stay competitive in a growing inventory environment.
If you’re considering buying, selling, or refinancing your home, Clark Woods LLP can help ensure a smooth and legally secure transaction. Our experienced Real Estate and Conveyance team is here to assist you at every step.
Learn more about our Real Estate and Conveyance services here.