Welcome to this month’s edition of our real estate newsletter!

Due to a healthy increase in monthly sales and the possibility of lower mortgage interest rates, the real estate market is gaining momentum, and the future seems more promising! The season ahead is likely to be strong due to increased buyer confidence, steady demand, and key indicators suggesting a steady increase in demand. Whether you're interested in buying, selling, or investing, now could be a prime time to make your decision. Stay informed about expert insights, local market trends, and strategic tips to confidently navigate the changing landscape. Let's make the most of the opportunities ahead!

February brings balance to Metro Vancouver’s housing market

VANCOUVER, BC – March 4, 2025 – After a 46 per cent year-over-year increase of new listings in January, the number of newly listed properties on the MLS® in Metro Vancouver* rose more moderately in February helping keep market conditions in balanced territory. The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,827 on Metro Vancouver’s Multiple Listing Service® (MLS®) in February 2025, an 11.7 per cent decrease from the 2,070 sales recorded in February 2024. This total was 28.9 per cent below the 10-year seasonal average (2,571). “After the rush of new listings in January, home sales and new listings in February were closer to historical averages, which has positioned the overall market in balanced conditions,” Andrew Lis, GVR’s director of economics and data analytics said. “With a potential Bank of Canada rate cut on the table for mid-March, homebuyers may find slightly improved borrowing conditions while enjoying the largest selection of homes on the market since pre-pandemic times.”