Bianca Myddleton : Blog : Latest Blog Posts

New property listed in Websters Corners, Maple Ridge

Wed, 08 Apr 2026 09:06:38 GMT

NEW LISTING! 25700 116 Avenue in Maple Ridge.

Spacious family home in the quiet community of Websters Corners. Set on a private SOUTH 1.11-acre lot backing onto Kanaka Creek Regional Park, this property offers space, privacy, and flexibility. Open-concept kitchen and living plan, accented by durable slate flooring and a striking custom stone fireplace. 4 bedrooms and 3 bathrooms with 2 bedrooms up and 2 & den down, including a main-floor primary with walk-in closet and ensuite. The walk-out basement offers great potential for extended family or a future suite. Large games room, covered patio area. New windows, new hot water tank, and poly-B plumbing replaced add peace of mind. The large detached shop with 240V power, heated office, & mezzanine is perfect for vehicles, hobbies, or storage. A rare acreage opportunity close to town

New property listed in Websters Corners, Maple Ridge

Fri, 13 Mar 2026 09:00:19 GMT

NEW LISTING! 25700 116 Avenue in Maple Ridge.

See details here

Welcome to this spacious family home in the quiet community of Websters Corners. Set on a private 1.11-acre lot backing onto Kanaka Creek Regional Park, this property offers space, privacy, and flexibility. The home features an open floor plan, custom stone fireplace, large great room perfect for entertaining. 4 bedrooms and 3 bathrooms with 2 bedrooms up and 2 & den down, including a main-floor primary with walk-in closet and ensuite. The walk-out basement offers great potential for extended family or a future suite. Large games room, covered patio area. New windows, new hot water tank, and poly-B plumbing replaced add peace of mind. The large detached shop with 240V power, heated office, & mezzanine is perfect for vehicles, hobbies, or storage. A rare acreage opportunity close to town.

New property listed in Albion, Maple Ridge

Thu, 26 Feb 2026 09:00:25 GMT

NEW LISTING! 24320 102a Avenue in Maple Ridge.

See details here

Country Lane a perfect family neighourhood. This plan offers a bright, open-concept layout with large windows front and back, plus a sun-filled dining area. This home is an impeccably kept home features 3 bedrooms up and 2.5 baths, a gas fireplace with feature wall, and a spacious kitchen with island and abundant cabinetry. Upstairs includes convenient laundry and a generous primary suite with soaker tub and separate shower. The finished basement offers a private outside entrance and roughed-in plumbing for potential bath. Enjoy a Whistler-style porch, fully fenced, stone patio, and play area—close to schools.

New property listed in White Rock, South Surrey White Rock

Thu, 05 Feb 2026 09:00:40 GMT

NEW LISTING! 1157 Vidal Street in White Rock.

See details here

Executive-quality duplex townhome offering a true lock-and-leave lifestyle in an exclusive gated complex, steps from White Rock’s Promenade, sandy beach, shops & dining. Beautifully updated, this 2026 sq.ft., 3-level home features newer hardwood floors on main & upper, newer carpets, furnace & HWT (2017), plus A/C (2022). Bright open-plan main boasts a chef’s kitchen with quartz island, s/s appliances & 2 gas f/ps, along with a living room featuring custom built-ins. Private decks front & back extend living outdoors. Upstairs offers 3 bdrms incl. a primary with spa ensuite & California closet, plus one with Murphy bed. Lower level adds family/games or 4th bdrm with full bath & storage room. Extras: Roof 2022, ample storage inside & out & 2-car garage. Pets Ok some breeds restricted.

New property listed in Cloverdale BC, Cloverdale

Wed, 04 Feb 2026 09:01:15 GMT

NEW LISTING! 6185 167a Street in Surrey.

See details here

Welcome to your dream home in the sought-after Clover Ridge neighbourhood! This beautifully updated executive 2-storey home with a fully finished basement features 5 bedrooms and 3.5 baths, including a luxurious ensuite with steam shower & soaker tub. Enjoy the bright open layout with a gourmet kitchen boasting granite counters, stainless steel appliances, and a large island opening to the spacious family room. Highlights include central A/C, two gas fireplaces, and a large private 6,000+ sqft fenced lot with two covered back patios complete with a gas hookup for BBQs—perfect for entertaining. The basement has a separate entrance, ideal for a future mortgage helper. Close to schools, parks, golf, transit, and shopping.

New property listed in White Rock, South Surrey White Rock

Tue, 03 Feb 2026 09:00:21 GMT

NEW LISTING! 1320 Kent Street in White Rock.

See details here

RS-1 SSMUH new zoning allows for "up to 4 dwellings on this 10,364 sq. ft. lot in White Rock. Charming 1970s rancher with basement on a beautiful and spacious property. This well-cared-for home features 3 bedrooms, 1.5 baths, original hardwood floors, and an unfinished basement with a 4th bedroom and lots of great potential. Enjoy vinyl windows and a large, private back deck perfect for outdoor gatherings. Located just five blocks from the beach, with convenient access to Hwy 99, King George Blvd, and shopping in White Rock. In the sought-after catchments of Peace Arch Elementary and Earl Marriott Secondary.

New property listed in Delta Manor, Ladner

Thu, 29 Jan 2026 09:00:11 GMT

NEW LISTING! 209 4770 52a Street in Ladner.

See details here

Beautiful 2 bedroom, 2 bathroom condo in the heart of Ladner. This bright, open-plan home features laminate flooring throughout and a well-designed kitchen with plenty of natural light. The spacious primary bedroom includes a walk-in closet and a full ensuite.The cozy living room is highlighted by a gas fireplace and large patio doors that open to a covered balcony overlooking the peaceful gardens on the quiet side of the building. Large windows throughout the home provide abundant natural light. In-suite laundry with additional storage adds everyday convenience. The unit includes two parking stalls and a storage locker. Residents enjoy excellent amenities including a large amenity room ideal for gatherings, a gym, and a beautifully landscaped patio area. Walk to shopping and services,

2025 saw lowest annual sales total in over two decades

Thu, 08 Jan 2026 15:39:24 GMT

VANCOUVER, B.C. – January 5, 2026 – Home sales registered in the Multiple Listing Service® (MLS®) in Metro Vancouver* finished the year down 10 per cent, marking the lowest annual sales total in over twenty years.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 23,800 in 2025, a 10.4 per cent decrease from the 26,561 sales recorded in 2024, and a 9.3 per cent decrease from the 26,249 sales in 2023.

Last year’s sales total was 24.7 per cent below the 10-year annual sales average (31,625).

“This year was one for the history books,” said Andrew Lis, GVR’s chief economist and vicepresident, data analytics. “Although the sales total was the lowest in over two decades, Realtors were still busy listing properties. Sellers brought the highest total of listings to market on record since the mid-1990s, eclipsing the previous record high in 2008 by a little over 1,000 listings.”

Properties listed on the MLS® in Metro Vancouver totalled 65,335 in 2025. This represents an 8.2 per cent increase compared to the 60,388 properties listed in 2024. This was 28.4 per cent above the 50,893 properties listed in 2023.

The total number of properties listed last year was 13.1 per cent above the region’s 10-year total annual average of (57,782).

Currently, the total number of homes listed for sale on the MLS® system in Metro Vancouver is 12,550, a 14.6 per cent increase compared to December 2024 (10,948). This is 34.8 per cent above the 10-year seasonal average (9,308).

“The forecast we put out last January noted a foreseeable downside risk, which while prescient, unfortunately materialized in 2025,” said Lis. “Specifically, we noted that trade tensions with the USA could negatively impact sales and prices, and this downside risk came to pass. The upshot, however, is that the negative impact of these trade tensions appears to be easing, and consumer sentiment has improved modestly over the second half of the year.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,114,800. This represents a 4.5 per cent decrease over December 2024 and a 0.8 per cent decrease compared to November 2025.

“With sales down and inventory remaining plentiful, prices eased across all property types since the start of 2025. Sales and prices weren’t the only metrics that came down, borrowing costs fell nearly one full percentage point,” said Lis. “With lower prices, lower borrowing costs, and plenty of inventory to choose from, homebuyers in 2026 are starting the year with favorable conditions. Whether these conditions translate into a market with stronger demand will be the million-dollar question – and we’ll be monitoring this story closely as it unfolds.”

December 2025 summary

Residential sales in the region totalled 1,537 in December 2025, a 12.9 per cent decrease from the 1,765 sales recorded in December 2024. This was 20.7 per cent below the 10-year seasonal average (1,937).

There were 1,849 detached, attached and apartment properties newly listed for sale on the MLS® in Metro Vancouver in December 2025. This represents a 10.3 per cent increase compared to the 1,676 properties listed in December 2024. This was 10.3 per cent above the 10-year seasonal average (1,677).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for December 2025 is 12.7 per cent. By property type, the ratio is 9.3 per cent for detached homes, 14.6 per cent for attached, and 15.1 per cent for apartments.

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

Sales of detached homes in December 2025 reached 431, a 12.8 per cent decrease from the 494 detached sales recorded in December 2024. The benchmark price for a detached home is $1,879,800. This represents a 5.3 per cent decrease from December 2024 and a 1.1 per cent decrease compared to November 2025.

Sales of apartment homes reached 791 in December 2025, a 11.2 per cent decrease compared to the 891 sales in December 2024. The benchmark price of an apartment home is $710,000. This represents a 5.3 per cent decrease from December 2024 and a 0.6 per cent decrease compared to November 2025.

Attached home sales in December 2025 totalled 303, an 18.3 per cent decrease compared to the 371 sales in December 2024. The benchmark price of a townhouse is $1,056,600. This represents a five per cent decrease from December 2024 and a 0.8 per cent decrease compared to November 2025.

Editor’s Note:

Greater Vancouver REALTORS® is an association representing more than 15,000 REALTORS® and their companies. The association provides a variety of member services, including the Multiple Listing Service®. For more information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit www.gvrealtors.ca.

For more information please contact:

Mark Moldowan
Manager, Communication and Editorial
Greater Vancouver REALTORS®
604.730.3153
mmoldowan@gvrealtors.ca

2025 Fraser Valley housing market slowest in over two decades despite falling prices and decade-high inventory

Thu, 08 Jan 2026 15:33:50 GMT

SURREY, BC – Decade-high inventory and softer prices failed to spark buyer demand in the Fraser Valley in 2025. Despite favourable conditions and increased negotiating power, many buyers stayed on the sidelines, making it one of the slowest years for sales in decades.

The Fraser Valley Real Estate Board recorded 12,224 sales on its Multiple Listing Service® (MLS®) in 2025, a decline of 16 per cent over 2024 and 33 per cent below the 10-year average. The City of Surrey accounted for the majority of 2025 sales at 48 per cent, with Langley and Abbotsford accounting for 24 per cent and 16 per cent respectively.

On the supply side, buyers had more choice than at any point in the past four decades, as new listings climbed to 37,963.

The composite Benchmark home price in the Fraser Valley closed the year at $905,900, down six per cent year-over-year, and down 24 per cent from the peak in March 2022.

“Ample selection and easing prices gave buyers some of the most meaningful opportunities we’ve seen in recent years,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “While these conditions favoured motivated sellers in 2025, the hesitancy of many buyers to capitalize reflected the general market climate throughout the province and indeed across the country.”

December 2025

The Board recorded 919 sales on its MLS® in December, a decline of 2.5 per cent from November, and 7.5 per cent below sales from December 2024.

In line with seasonal patterns, new listings fell sharply in December, declining 39 per cent month-overmonth to 1,350. Overall inventory remained above seasonal norms, ending the year with 6,965 active listings. The pullback in new listings helped lift the sales-to-active listings ratio to 13 per cent in December, bringing the market into balanced territory to close out the year. The market is considered balanced when the ratio is between 12 per cent and 20 per cent.

“The slowdown we saw in 2025 wasn’t just about housing — it reflected broader economic uncertainty felt across the region,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “Households were navigating affordability challenges, rising costs and tougher mortgage requirements, all of which contributed to a quieter market.”

The composite Benchmark price for a typical home in the Fraser Valley continued to slide for the ninth straight month, down 0.7 per cent compared to November.

MLS® HPI Benchmark Price Activity

• Single Family Detached: At $1,388,400 the Benchmark price for an FVREB single-family detached home decreased 1.2 per cent compared to November 2025 and decreased 6.2 per cent compared to December 2024.

• Townhomes: At $781,300 the Benchmark price for an FVREB townhome increased 0.3 per cent compared to November 2025 and decreased 5.7 per cent compared to December 2024.

• Apartments: At $491,600 the Benchmark price for an FVREB apartment/condo decreased one per cent compared to November 2025 and decreased 7.5 per cent compared to December 2024.

Early fall momentum slows as Fraser Valley sales dip in November

Fri, 05 Dec 2025 18:22:17 GMT

SURREY, BC – Easing prices and abundant inventory weren’t enough to entice buyers to the Fraser Valley market in November, as sales declined in line with seasonal buying patterns.

The Fraser Valley Real Estate Board recorded 943 sales on its Multiple Listing Service® (MLS®) in November, a 16 per cent decrease from October, and 17 per cent below sales from the same month last year.

New listings slowed again in November, down 26 per cent month-over-month and seven per cent yearover-year, to 2,210. Overall inventory remains well above seasonal norms for the Fraser Valley, with 9,201 active listings, down nine per cent from October and 47 per cent above the 10-year seasonal average.

“Affordability concerns and economic pressures are weighing heavily on many Fraser Valley households,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “Our REALTORS® understand how personal and complex these decisions are. But there are encouraging signs for buyers. Composite prices are closer to early-2023 levels, inventory has improved, and there is more space to negotiate than we’ve had in recent years.”

The Fraser Valley remains firmly in a buyer’s market, with an overall sales-to-active listings ratio of 10 per cent in November, down one per cent from October. A balanced market is typically defined by a ratio between 12 and 20 per cent.

Across the Fraser Valley in November, the average number of days to sell a single-family detached home was 52 days, while for a condo it was 41 days. Townhomes took, on average, 37 days to sell.

"With mortgage conditions tightening, buyers are encountering increased scrutiny and higher down payment expectations from lenders,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “These constraints can delay transactions and influence overall activity in the market. That’s why working with an experienced REALTOR® is critical — someone who understands the landscape and can guide clients through these obstacles with confidence."

The composite Benchmark price for a typical home in the Fraser Valley decreased 0.7 per cent in November, to $912,400.

MLS® HPI Benchmark Price Activity

• Single Family Detached: At $1,405,500 the Benchmark price for an FVREB single-family detached home decreased 0.6 per cent compared to October 2025 and decreased 5.4 per cent compared to November 2024.

• Townhomes: At $778,700 the Benchmark price for an FVREB townhome decreased 0.8 per cent compared to October 2025 and decreased 6.8 per cent compared to November 2024.

• Apartments: At $496,500 the Benchmark price for an FVREB apartment/condo decreased one per cent compared to October 2025 and decreased 6.9 per cent compared to November 2024.

Data from Fraser Valley Real Estate Board

Housing market sees little change as year-end nears

Fri, 05 Dec 2025 18:18:21 GMT

VANCOUVER, B.C. – December 2, 2025 – Metro Vancouver* home-sale trends observed in October continued in November, as sales registered on the MLS® remained lower than this time last year.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,846 in November 2025, a 15.4 per cent decrease from the 2,181 sales recorded in November 2024. This was 20.6 per cent below the 10-year seasonal average (2,324).

“As the year draws to a close, the data continues telling a story of a market with many buyers patiently waiting and sellers adjusting to market conditions not seen in years,” said Andrew Lis, GVR’s chief economist and vice-president, data analytics. “Inventory remains healthy, providing buyers ample choice, which, by contrast, is pushing sellers to accept that pricing must reflect this new reality. Buyers and sellers are striking deals when their expectations are aligned and reflective of the current market – not the market of years ago.”

There were 3,674 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in November 2025. This represents a 1.4 per cent decrease compared to the 3,725 properties listed in November 2024. This was 3.1 per cent above the 10-year seasonal average (3,562).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 15,149, a 14.4 per cent increase compared to November 2024 (13,245). This is 36.3 per cent above the 10-year seasonal average (11,116).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for November 2025 is 12.6 per cent. By property type, the ratio is 9.7 per cent for detached homes, 13.6 per cent for attached, and 14.8 per cent for apartments.

“As sales volumes remain subdued and inventory remains plentiful, properties are taking longer to sell, and pricing has continued to soften slightly across most market segments,” Lis said. “With borrowing costs likely to remain steady into the new year, any uptick in demand will need to arise from a significant change in buyer sentiment. As December is typically among the quietest months of the year in terms of market activity, the prevailing trends suggest we should expect a quiet close to a year marked by considerable uncertainty.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,123,700. This represents a 3.9 per cent decrease over November 2024 and a 0.3 per cent decrease compared to October 2025.

Sales of detached homes in November 2025 reached 541, a 13.6 per cent decrease from the 626 detached sales recorded in November 2024. The benchmark price for a detached home is $1,900,600. This represents a 4.3 per cent decrease from November 2024 and a 0.4 per cent decrease compared to October 2025.

Sales of apartment homes reached 945 in November 2025, a 13.2 per cent decrease compared to the 1,089 sales in November 2024. The benchmark price of an apartment home is $714,300. This represents a 5.2 per cent decrease from November 2024 and a 0.2 per cent decrease compared to October 2025.

Attached home sales in November 2025 totalled 350, a 22.4 per cent decrease compared to the 451 sales in November 2024. The benchmark price of a townhouse is $1,065,600. This represents a 4.4 per cent decrease from November 2024 and a 0.1 per cent increase compared to October 2025.

Editor’s Note:

For more information please contact:

Mark Moldowan
Manager, Communication and Editorial
Greater Vancouver REALTORS®
604.730.3153
mmoldowan@gvrealtors.ca

New property listed in Nordel, N. Delta

Wed, 03 Dec 2025 09:00:10 GMT

NEW LISTING! 37 8385 Delsom Way in Delta.

See details here

Radiance by Sunstone! Fabulous 3 bdrm end unit with 2.5 baths. Main floor features open floor plan plus a little den off the dining room. Kitchen with granite counters, long island & stainless steel counter tops. Large living room opening onto a deck. Upstairs 3 bedrooms, 5 pce ensuite & main bath, laundry. Tandam garage with lots of storage space an access to the huge fenced garage. The Club house is amazing! Featuring a pool, billiards, gym, basketball court, theatre and more. Such a great walkable community with it's own little grocery store. Close to Hwy 91 & 99 great location for commuters. 2 pets allowed.

New property listed in King George Corridor, South Surrey White Rock

Tue, 18 Nov 2025 09:00:08 GMT

NEW LISTING! 2147 154 Street in Surrey.

See details here

Fantastic Value — Assessed Over $1.3M! This well maintained 2-level basement-entry home offers 3 bedrooms up, 1 down, and 3 full baths, with pride of ownership throughout. The bright main level features a spacious living room with a wood-burning fireplace, flowing into the dining area and sunny kitchen with eating nook. Sliding doors lead to a balcony with direct access to the backyard. The lower level includes a generous games room plus an unrented, unauthorized suite, offering great flexibility for extended family or future potential (buyers to verify requirements with the City). The west-facing 7,155 sq ft lot is fully fenced and features a terraced yard, brick patio, and fruit trees. All of this just one block from Jessie Lee Elementary, with shopping, transit,

October brings welcome boost to Fraser Valley, but sales still lag seasonal averages

Thu, 06 Nov 2025 00:22:47 GMT

SURREY, BC – Fraser Valley home sales climbed for the second straight month in October, a sign that some buyers may be responding to steadily easing prices.

The Fraser Valley Real Estate Board recorded 1,123 sales on its Multiple Listing Service® (MLS®) in October, a 17 per cent increase from September, but 16 per cent below sales from the same month last year.

After a short-lived rise in September, new listings slowed in October, down 14 per cent month-over-month and seven per cent year-over-year, to 2,967. Overall inventory remains well above seasonal norms for the Fraser Valley, with 10,121 active listings, down four per cent from September but up 15 per cent year-overyear.

“Motivated sellers are responding to increasingly competitive market conditions with more realistic pricing strategies,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “As a result, we’re seeing prices soften—a shift that’s helping to facilitate sales in a slower market.”

The Fraser Valley remains firmly in a buyer’s market, with an overall sales-to-active listings ratio of 11 per cent in October, up from nine per cent in September. The modest increase reflects a rise in sales alongside a slight decline in inventory. A balanced market is typically defined by a ratio between 12 and 20 per cent.

Across the Fraser Valley in October, the average number of days to sell both a single-family detached home and a condo was 42 days; while for a townhome it was 37 days.

“While these early signs are encouraging, the path back to seasonal average sales levels will take time,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “As more new supply comes on stream and sellers adapt to the shifting dynamics, we expect the market to respond accordingly.”

The composite Benchmark price for a typical home in the Fraser Valley decreased 0.7 per cent in October, to $919,900.

MLS® HPI Benchmark Price Activity

• Single Family Detached: At $1,411,900 the Benchmark price for an FVREB single-family detached home decreased 0.6 per cent compared to September 2025 and decreased 5.1 per cent compared to October 2024.
• Townhomes: At $786,000 the Benchmark price for an FVREB townhome decreased 1.2 per cent compared to September 2025 and decreased 5.6 per cent compared to October 2024.
• Apartments: At $506,400 the Benchmark price for an FVREB apartment/condo decreased 0.8 per cent compared to September 2025 and decreased 6.8 per cent compared to October 2024.

Slow sales and high inventory give buyers the edge in October

Thu, 06 Nov 2025 00:19:37 GMT

VANCOUVER, B.C. – November 4, 2025 – Home sales registered on the MLS® in Metro Vancouver* were 14 per cent lower than last October, as the trend of slower sales and building inventory creates favourable conditions for those looking to buy in the fall market.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,255 in October 2025, a 14.3 per cent decrease from the 2,632 sales recorded in October 2024. This was 14.5 per cent below the 10-year seasonal average (2,638).

“October is typically the last month of the year where sales activity sees a seasonal uptick, but sales still fell short of last year’s figures and the ten-year seasonal average,” said Andrew Lis, GVR’s chief economist and vice-president of data analytics. “Even the fourth cut this year to the Bank of Canada’s policy rate this October wasn’t enough to entice more buyers back into the market.”

There were 5,438 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in October 2025. This represents a 0.3 per cent decrease compared to the 5,452 properties listed in October 2024. This was 16.3 per cent above the 10-year seasonal average (4,676).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 16,393, a 13.2 per cent increase compared to October 2024 (14,477). This total is 35.9 per cent above the 10-year seasonal average (12,063).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for October 2025 is 14.2 per cent. By property type, the ratio is 11.3 per cent for detached homes, 17.6 per cent for attached, and 15.5 per cent for apartments.

“After peaking in June, inventory levels have edged lower, and prices have eased across all market segments as slower-than-usual sales activity meets the highest inventory levels seen in many years,” Lis said. “With no further reductions to the Bank of Canada’s policy rate expected in 2025, market conditions appear as favourable for buyers as they’ve been all year.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,132,500. This represents a 3.4 per cent decrease over October 2024 and a 0.8 per cent decrease compared to September 2025.

Sales of detached homes in October 2025 reached 693, a 4.3 per cent decrease from the 724 detached sales recorded in October 2024. The benchmark price for a detached home is $1,916,400. This represents a 4.3 per cent decrease from October 2024 and a 0.9 per cent decrease compared to September 2025.

Sales of apartment homes reached 1,071 in October 2025, a 23.1 per cent decrease compared to the 1,393 sales in October 2024. The benchmark price of an apartment home is $718,900. This represents a 5.1 per cent decrease from October 2024 and a 1.4 per cent decrease compared to September 2025.

Attached home sales in October 2025 totalled 477, a 4.8 per cent decrease compared to the 501 sales in October 2024. The benchmark price of a townhouse is $1,066,700. This represents a 3.8 per cent decrease from October 2024 and a 0.3 per cent decrease compared to September 2025.

Editor’s Note:

For more information, please contact:

Jesse Lalime
Digital Content Specialist
Greater Vancouver REALTORS®
604.730.3077
jlalime@gvrealtors.ca

New property listed in Cloverdale BC, Cloverdale

Sat, 01 Nov 2025 09:00:28 GMT

NEW LISTING! 6185 167a Avenue in Surrey.

See details here

Welcome to your dream home in the sought-after Clover Ridge neighbourhood! This beautifully updated executive 2-storey home with a fully finished basement features 5 bedrooms and 3.5 baths, including a luxurious ensuite with steam shower & soaker tub. Enjoy the bright open layout with a gourmet kitchen boasting granite counters, stainless steel appliances, and a large island opening to the spacious family room. 5th bdrm or gym down with office. Highlights include central A/C, two gas fireplaces, and a large private 6,000+ sqft fenced lot with two covered back patios complete with a gas hookup for BBQs—perfect for entertaining. The basement has a separate entrance, ideal for a future mortgage helper. Close to schools, parks, golf, transit, and shopping.

New property listed in Morgan Creek, South Surrey White Rock

Tue, 07 Oct 2025 09:00:08 GMT

NEW LISTING! 44 15233 34 Avenue in Surrey.

See details here

Welcome Home to Sundance! This bright and well-cared-for end-unit townhome is filled with large windows for natural light and offers flexible living space. The main floor features a spacious living room with electric fireplace, a dining area, and a large kitchen with island opening to a covered deck. Upstairs offers 2 generous bedrooms, 1 full bath that serves as an ensuite, and laundry. The lower level includes a bonus games/flex room that can serve as a 3rd bedroom with 2nd full bath with direct access to a large fenced yard. Single garage provides storage, workspace, and additional parking for a small car. Fantastic amenities include a fully equipped gym, floor hockey, pool table, foosball, and a large rec room. Family-friendly location close to schools, shopping, and transit.

New property listed in King George Corridor, South Surrey White Rock

Sat, 04 Oct 2025 09:00:10 GMT

NEW LISTING! 2147 154 Street in Surrey.

See details here

Lovely 2-level basement entry home featuring 3 bedrooms up, 1 down, and 3 full baths. Pride of ownership shows throughout this well-maintained property. The spacious living room with wood-burning fireplace flows to the dining area and bright kitchen with eating nook. Sliding doors to the balcony with access to the yard. Downstairs offers a large games room and potential to expand—ideal for a growing family or adding a mortgage helper. The west-facing 7,155 sq ft lot is fully fenced with terraced yard, brick patio, and fruit trees. Just 1 block to Jessie Lee Elementary, with shopping, transit, and commuter routes close by. Great opportunity with so much potential—bring your decorating ideas! This one won’t last long.

Fall market favours buyers

Fri, 03 Oct 2025 23:10:12 GMT

VANCOUVER, B.C. – October 2, 2025 – Another Bank of Canada rate cut and easing prices helped home sales registered on the MLS® in Metro Vancouver* edge higher relative to September last year.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,875 in September 2025, a 1.2 per cent increase from the 1,852 sales recorded in September 2024. This was 20.1 per cent below the 10-year seasonal average (2,348).

“With another cut to Bank of Canada’s policy rate behind us, and markets pricing in at least one more cut by the end of the year, Metro Vancouver homebuyers have reason to be optimistic about the fall market,” said Andrew Lis, GVR’s director of economics and data analytics. “Easing prices, near-record high inventory levels, and increasingly favourable borrowing costs are offering those looking to purchase a home this fall with plenty of opportunity.”

There were 6,527 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in September 2025. This represents a 6.2 per cent increase compared to the 6,144 properties listed in September 2024. This was 20.1 per cent above the 10-year seasonal average (5,434).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 17,079, a 14.4 per cent increase compared to September 2024 (14,932). This is 36.1 per cent above the 10-year seasonal average (12,553).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for September 2025 is 11.3 per cent. By property type, the ratio is 8.5 per cent for detached homes, 12.7 per cent for attached, and 13.3 per cent for apartments.

“The past few years have been quite challenging for the market, beginning with 2022’s rapid increase in interest rates, major political and policy shifts in subsequent years, and recent trade tensions with the USA weighing on the market,” Lis said. “With the acute impacts of these events now fading, we expect market activity to continue stabilizing to end the year, barring any unforeseeable major disruptions.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,142,100. This represents a 3.2 per cent decrease over September 2024 and a 0.7 per cent decrease compared to August 2025.

Sales of detached homes in September 2025 reached 552, a 7 per cent increase from the 516 detached sales recorded in September 2024. The benchmark price for a detached home is $1,933,100. This represents a 4.4 per cent decrease from September 2024 and a 0.9 per cent decrease compared to August 2025.

Sales of apartment homes reached 954 in September 2025, a 1.5 per cent increase compared to the 940 sales in September 2024. The benchmark price of an apartment home is $728,800. This represents a 4.4 per cent decrease from September 2024 and a 0.8 per cent decrease compared to August 2025.

Attached home sales in September 2025 totalled 356, a 5.8 per cent decrease compared to the 378 sales in September 2024. The benchmark price of a townhouse is $1,069,800. This represents a 2.7 per cent decrease from September 2024 and a 0.9 per cent decrease compared to August 2025.

Editor’s Note:

For more information, please contact:

Mark Moldowan
Manager, Communication and Editorial
Greater Vancouver REALTORS®
604.730.3153
mmoldowan@gvrealtors.ca

Sustained elevated inventories soften Fraser Valley home prices further, spurring bump in sales

Fri, 03 Oct 2025 23:00:59 GMT

SURREY, BC – Home prices in the Fraser Valley continued their downward trend in September, marking the sixth straight month of declines, amid high inventory.

The Benchmark price for a typical home in the Fraser Valley dropped one per cent in September to $926,300, down 5.4 per cent year-over-year. The continued softening of prices may be encouraging some buyers back into the market, as the Fraser Valley Real Estate Board recorded 962 sales on its Multiple Listing Service® (MLS®) in September, an increase of three per cent over August. September sales were down two per cent year-over-year and 28 per cent below the 10-year average.

“As prices continue to weaken, the market is showing hopeful signs of renewed confidence,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “While recent economic uncertainty seems to have weighed more heavily here in the Fraser Valley, some buyers are beginning to re-engage in the market, a positive signal heading into the fall.”

After sitting out for part of the summer, sellers reemerged in September, with new listings up 23 per cent month-over-month to 3,447; up three per cent year-over-year. Overall inventory remains at decade-high levels, with 10,583 active listings, up one per cent from August and up 17 per cent from September 2024.

The Fraser Valley remains entrenched in a buyer’s market with an overall sales-to-active listings ratio of nine per cent in September. The market is considered balanced when the ratio is between 12 per cent and 20 per cent.

Across the Fraser Valley in September, the average number of days to sell a single-family detached home was 37 days; while for a townhome it was 38 days. Condos took, on average, 39 days to sell.

“It is unreasonable to single out any one factor or policy driving today’s market dynamics,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “That said, there is a growing consensus within the housing and development sector calling for greater measures to incentivize investors to help drive new supply growth, which would certainly have a positive impact on affordability.”

MLS® HPI Benchmark Price Activity

• Single Family Detached: At $1,420,000 the Benchmark price for an FVREB single-family detached home decreased 1.2 per cent compared to August 2025 and decreased 5.4 per cent compared to September 2024.

• Townhomes: At $795,600 the Benchmark price for an FVREB townhome decreased 1.5 per cent compared to August 2025 and decreased 4.7 per cent compared to September 2024.

• Apartments: At $510,400 the Benchmark price for an FVREB apartment/condo decreased 0.7 per cent compared to August 2025 and decreased 6.3 per cent compared to September 2024.

New property listed in Abbotsford West, Abbotsford

Thu, 02 Oct 2025 09:00:08 GMT

NEW LISTING! 111 2581 Langdon Street in Abbotsford.

See details here

Beautiful 2 bed, 2 bath ground floor condo in the Cobblestone complex. Located close to parks and shopping this west facing unit is on the private side of the building and has a walk out covered patio leading to the large common grass area, ideal for outdoor entertaining. Great layout and use of space with plenty of storage, including a walk in closet in the primary bedroom and walk in shower in ensuite. Bedrooms are on opposite sides with the 2nd bathroom next to the bedroom. 1 parking space, lots of visitor parking, Pet restrictions are 2 cats or 2 dogs, either 20 inches high max at the shoulder or 20 pounds max weight.

New property listed in Pender Harbour Egmont, Sunshine Coast

Thu, 02 Oct 2025 09:00:08 GMT

NEW LISTING! 12828 Gilden Road in Madeira Park.

See details here

WOW! The perfect waterfront retreat! This low-bank waterfront rancher with a walkout basement sits on a 19,000+ sq. ft. lot with a private dock and boathouse. The main level offers two bedrooms, an open living & dining area with new windows to capture stunning views, and a modern kitchen with Bosch & Fisher Paykel appliances, updated cabinets, flooring, and more. Step onto the covered sun porch or expansive back deck to enjoy the serene setting. The walkout basement features a summer kitchen, dining, 3rd bedroom, bath, and plenty of storage. Plus, an impressive 1,000+ sq. ft. workshop/3-car garage with 200-amp service. Updates include a metal roof, A/C, heat pump, new propane tanks, new h/w tank and 2019 septic. A must-see! Nothing to do but to move in.

New property listed in White Rock, South Surrey White Rock

Tue, 09 Sep 2025 09:00:11 GMT

NEW LISTING! 1157 Vidal Street in White Rock.

See details here

Easing home prices help lift sales in August

Thu, 04 Sep 2025 17:09:06 GMT

VANCOUVER, B.C. – September 3, 2025 – Easing prices brought more Metro Vancouver* homebuyers off the sidelines in August, with home sales on the MLS® up nearly three per cent from August last year.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,959 in August 2025, a 2.9 per cent increase from the 1,904 sales recorded in August 2024. This was 19.2 per cent below the 10-year seasonal average (2,424).

“The August sales figures add further confirmation that sales activity across Metro Vancouver appears to be recovering, albeit somewhat slowly, from the challenging first half of the year,” said Andrew Lis, GVR’s director of economics and data analytics. “Sales in the detached and attached segments are up over ten per cent from last August, which suggests buyers shopping in more expensive price points are re-entering the market in a meaningful way.”

There were 4,225 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in August 2025. This represents a 2.8 per cent increase compared to the 4,109 properties listed in August 2024. This was 1.3 per cent above the 10-year seasonal average (4,172).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 16,242, a 17.6 per cent increase compared to August 2024 (13,812). This is 36.9 per cent above the 10-year seasonal average (11,862).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for August 2025 is 12.4 per cent. By property type, the ratio is 9.3 per cent for detached homes, 15.8 per cent for attached, and 14 per cent for apartments.

“Prices have eased around two per cent since the start of the year and are down about one per cent month over month in August, signalling that sellers have been willing to lower price expectations,” Lis said. “As sellers’ and buyers’ expectations have become more aligned, transaction volume has picked up. Newly listed properties remain in line with their ten-year seasonal average however, which when paired with increasing sales activity, is likely to diminish the available inventory. This also means the window of plentiful opportunity for buyers may soon begin closing if these trends continue.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,150,400. This represents a 3.8 per cent decrease over August 2024 and a 1.3 per cent decrease compared to July 2025.

Sales of detached homes in August 2025 reached 575, a 13 per cent increase from the 509 detached sales recorded in August 2024. The benchmark price for a detached home is $1,950,300. This represents a 4.8 per cent decrease from August 2024 and a 1.2 per cent decrease compared to July 2025.

Sales of apartment homes reached 956 in August 2025, a 5.5 per cent decrease compared to the 1,012 sales in August 2024. The benchmark price of an apartment home is $734,400. This represents a 4.4 per cent decrease from August 2024 and a 1.3 per cent decrease compared to July 2025.

Attached home sales in August 2025 totalled 409, a 10.5 per cent increase compared to the 370 sales in August 2024. The benchmark price of a townhouse is $1,079,600. This represents a 3.5 per cent decrease from August 2024 and a 1.8 per cent decrease compared to July 2025.

Editor’s Note:

For more information please contact:

Mark Moldowan
Manager, Communication and Editorial
Greater Vancouver REALTORS®
604.730.3153
mmoldowan@gvrealtors.ca

Declining prices and high inventory strengthen buyer’s market heading into fall

Thu, 04 Sep 2025 17:02:08 GMT

SURREY, BC – Fraser Valley home sales fell more than 20 per cent in August, but buyers who did get into the market were able to take advantage of favourable conditions including abundant choice, softer prices and more time to make decisions.

The Fraser Valley Real Estate Board recorded 931 sales on its Multiple Listing Service® (MLS®) in August, down 22 per cent from July and down 13 per cent year-over-year. August sales were 36 per cent below the 10-year average.

The Fraser Valley buyer’s market remains strong with inventory levels holding relatively stable, down just two per cent to 10,445 active listings. Newly listed homes declined 19 per cent month-over-month to 2,793; up half a per cent year-over-year. The overall sales-to-active listings ratio for August dropped to nine per cent, down two per cent from July. The market is considered balanced when the ratio is between 12 per cent and 20 per cent.

“Current market conditions are allowing buyers the opportunity to make bold offers, especially for properties that have been on the market for a while and where sellers may be more motivated,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “As in all transactions, timing is everything and we expect to see more buyers come off the sidelines heading into fall to take advantage of the lower price floor.”

Across the Fraser Valley in August, the average number of days to sell a condo was 41 days; while for a single-family detached home it was 38 days. Townhomes took, on average, 32 days to sell.

“The economic uncertainty that has shaped the housing market for much of 2025 now seems to have been factored into market dynamics, as evidenced by a sustained softening of prices,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “Some buyers who had been holding off are starting to recognize that waiting for greater certainty could mean missing opportunities, particularly in a market where conditions now clearly favour buyers.”

The composite Benchmark price in the Fraser Valley decreased 0.9 per cent in August, to $936,200.

MLS® HPI Benchmark Price Activity

• Single Family Detached: At $1,436,800, the Benchmark price for an FVREB single-family detached home decreased one per cent compared to July 2025 and decreased 5.7 per cent compared to August 2024.
• Townhomes: At $807,800 the Benchmark price for an FVREB townhome decreased 0.9 per cent compared to July 2025 and decreased 4.5 per cent compared to August 2024.
• Apartments: At $514,100 the Benchmark price for an FVREB apartment/condo decreased one per cent compared to July 2025 and decreased 5.9 per cent compared to August 2024.

New property listed in White Rock, South Surrey White Rock

Wed, 03 Sep 2025 09:00:10 GMT

NEW LISTING! 1320 Kent Street in White Rock.

See details here

Exceptional 10,364 sq. ft. lot in prime White Rock with RS-1 SSMUH zoning, allowing up to 4 dwellings. An outstanding redevelopment site—build a luxury home, explore multi-unit potential, or hold as an investment. The existing 1970s rancher with basement is well maintained, featuring 3 bedrooms, 1.5 baths, original hardwood floors, plus a 4th bedroom down. A spacious unfinished basement offers great potential, while the large private yard and sunny deck provide outdoor living space. Located just five blocks from the beach with easy access to Hwy 99, King George Blvd, and shopping. Rarely do properties with this size, zoning, and location become available—don’t miss this opportunity.

Fraser Valley real estate sales activity levels off as market enters seasonal slowdown

Tue, 05 Aug 2025 19:55:02 GMT

SURREY, BC – Market conditions are ideal for Fraser Valley home buyers this summer, but the persistent gap between buyers’ and sellers’ price expectations continues to suppress sales.

The Fraser Valley Real Estate Board recorded 1,190 sales on its Multiple Listing Service® (MLS®) in July, down half a per cent from June and down three per cent year-over-year. July sales were 23 per cent below the 10-year average.

The supply of homes for sale dipped slightly in July, down two per cent from June to 10,650, nearly 50 per cent above the 10-year seasonal average. New listings declined five per cent over June to 3,453. The Fraser Valley remains in a buyer’s market with an overall sales-to-active listings ratio of 11 per cent; the market is considered balanced when the ratio is between 12 per cent and 20 per cent.

“Home sellers are having to work harder than they did a year or two ago,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “In a market where buyers are cautious and have ample choice, successful sellers are going the extra mile to meet buyers where they’re at—staging their home, handling repairs up front, and most importantly, pricing their homes realistically for the current market conditions.”

Across the Fraser Valley in July, the average number of days to sell both a single-family detached home and a condo was 38 days. Townhomes took, on average, 35 days to sell.

“The housing market, like other sectors, continues to process the effects of the ongoing tariff threats,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “The slowdown in home sales this spring and summer has largely been driven by uncertainty and fear. Buyers and sellers are taking measures to offset the anticipated impacts, knowing that the economic effects of tariffs will likely take some time to be fully realized throughout the system.”

The composite Benchmark price in the Fraser Valley decreased 0.7 per cent in July, to $944,800.

MLS® HPI Benchmark Price Activity

Single Family Detached: At $1,451,100, the Benchmark price for an FVREB single-family detached home decreased 0.5 per cent compared to June 2025 and decreased 5.1 per cent compared to July 2024.
Townhomes: At $814,900 the Benchmark price for an FVREB townhome decreased 1.2 per cent compared to June 2025 and decreased 4.0 per cent compared to July 2024.
Apartments: At $519,300 the Benchmark price for an FVREB apartment/condo decreased 1.4 per cent compared to June 2025 and decreased 5.8 per cent compared to July 2024.

Sales recovery continues in July

Tue, 05 Aug 2025 19:50:38 GMT

VANCOUVER, B.C. – August 5, 2025 – Home sales registered on the MLS® across Metro Vancouver* in July extended the early signs of recovery that emerged in June, now down just two per cent from July of last year.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,286 in July 2025, a two per cent decrease from the 2,333 sales recorded in July 2024. This was 13.9 per cent below the 10-year seasonal average (2,656).

“The June data showed early signs of sales activity in the region turning a corner, and these latest figures for July are confirming this emerging trend,” said Andrew Lis, GVR’s director of economics and data analytics. “Although the Bank of Canada held the policy rate steady in July, this decision could help bolster sales activity by providing more certainty surrounding borrowing costs at a time where economic uncertainty lingers due to ongoing trade negotiations with the USA.”

There were 5,642 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in July 2025. This represents a 0.8 per cent increase compared to the 5,597 properties listed in July 2024. This was 12.4 per cent above the 10-year seasonal average (5,018).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 17,168, a 19.8 per cent increase compared to July 2024 (14,326). This is 40.2 per cent above the 10-year seasonal average (12,249).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for July 2025 is 13.8 per cent. By property type, the ratio is 10.2 per cent for detached homes, 16.7 per cent for attached, and 15.9 per cent for apartments.

“With the rate of homes coming to market holding steady in July, the inventory of homes available for sale on the MLS® has stabilized at around 17,000. This level of inventory provides buyers plenty of selection to choose from,” Lis said. “Although sales activity is now recovering, this healthy level of inventory is sufficient to keep home prices trending sideways over the short term as supply and demand remain relatively balanced. However, if the recovery in sales activity accelerates, these favorable conditions for home buyers may begin slowly slipping away, as inventory levels decline, and home sellers gain more bargaining power.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,165,300. This represents a 2.7 per cent decrease over July 2024 and a 0.7 per cent decrease compared to June 2025.

Sales of detached homes in July 2025 reached 660, a 4.1 per cent decrease from the 688 detached sales recorded in July 2024. The benchmark price for a detached home is $1,974,400. This represents a 3.6 per cent decrease from July 2024 and a 1 per cent decrease compared to June 2025.

Sales of apartment homes reached 1,158 in July 2025, a 2.9 per cent decrease compared to the 1,192 sales in July 2024. The benchmark price of an apartment home is $743,700. This represents a 3.2 per cent decrease from July 2024 and a 0.6 per cent decrease compared to June 2025.

Attached home sales in July 2025 totalled 459, a five per cent increase compared to the 437 sales in July 2024. The benchmark price of a townhouse is $1,099,200. This represents a 2.3 per cent decrease from July 2024 and a 0.4 per cent decrease compared to June 2025.

Editor’s Note:

For more information, please contact:

Mark Moldowan
Manager, Communication and Editorial Greater Vancouver REALTORS®
604.730.3153
mmoldowan@gvrealtors.ca

Buying opportunities remain untapped in Fraser Valley real estate market

Fri, 04 Jul 2025 22:27:12 GMT

SURREY, BC – Economic uncertainty continued to be the main driver in buying decisions as home sales in the Fraser Valley remain mostly unchanged, despite abundant inventory and lower prices.

The Fraser Valley Real Estate Board recorded 1,195 sales on its Multiple Listing Service® (MLS®) in June, up one per cent from May, but nine per cent below sales from June 2024 and 33 per cent below the 10-year average.

The Fraser Valley remains in a buyer’s market with the supply of available homes continuing to build. Active listings approached 11,000 in June — a two per cent increase over May and 30 per cent above levels from this time last year. New listings declined 10 per cent over May to 3,618. The overall sales-to-active listings ratio is steady at 11 per cent; the market is considered balanced when the ratio is between 12 per cent and 20 per cent.

“For buyers who can tolerate the current economic uncertainty, this market offers some very real opportunities,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “With more homes to choose from and softening prices, it’s a uniquely favourable time to make a move in the Fraser Valley, particularly for first-time buyers.”

Across the Fraser Valley in June, the average number of days to sell a condo was 39 days, while for a singlefamily detached home it was 35 days. Townhomes took, on average, 30 days to sell.

“There’s no question the economy continues to grapple with unpredictability surrounding trade and tariffs, and the real estate market, like all sectors, is adapting to an uncertain future,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “Perhaps this presents an opportunity for government to revisit policy decisions of the past, which may have served their purposes under different market conditions, in support of new economic realities.”

The composite Benchmark price in the Fraser Valley decreased 1.2 per cent in June, to $951,500.

MLS® HPI Benchmark Price Activity

Single Family Detached: At $1,458,600, the Benchmark price for an FVREB single-family detached home decreased 1.6 per cent compared to May 2025 and decreased 4.6 per cent compared to June 2024.
Townhomes: At $824,400 the Benchmark price for an FVREB townhome decreased 1.0 per cent compared to May 2025 and decreased 3.1 per cent compared to June 2024.
Apartments: At $526,500 the Benchmark price for an FVREB apartment/condo decreased 1.2 per cent compared to May 2025 and decreased 4.5 per cent compared to June 2024.

*Data from Fraser Valley Real Estate Board

Home sale trend stabilizing in June

Fri, 04 Jul 2025 22:22:01 GMT

VANCOUVER, BC – July 3, 2025 – After a turbulent first half of the year, home sales registered on the MLS® across Metro Vancouver* are showing emerging signs of a recovery, down ten per cent year-over-year – halving the decline seen last month.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,181 in June 2025, a 9.8 per cent decrease from the 2,418 sales recorded in June 2024. This was 25.8 per cent below the 10-year seasonal average (2,940).

“On a trended basis, signs are emerging that sales activity is rounding the corner after a challenging first half to the year, with the year-over-year decline in sales in June halving the decline we saw in May,” said Andrew Lis, GVR’s director of economics and data analytics. “If this momentum continues, it may not be long before sales are up year-over-year, which would mark a shift toward a market with more demand than the unusually low demand we’ve seen so far this year.”

There were 6,315 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2025. This represents a 10.3 per cent increase compared to the 5,723 properties listed in June 2024. This was 12.7 per cent above the 10-year seasonal average (5,604).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 17,561, a 23.8 per cent increase compared to June 2024 (14,182). This is 43.7 per cent above the 10-year seasonal average (12,223).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for June 2025 is 12.8 per cent. By property type, the ratio is 9.9 per cent for detached homes, 16.9 per cent for attached, and 13.9 per cent for apartments.

“As home sales regain their footing, inventory levels aren’t building as quickly as we’ve seen lately,” Lis said. “Most market segments remain in balanced market conditions, which has generally kept prices trending sideways since the start of the year. With over 17,000 listings on the market right now, and with mortgage rates down around two per cent since last summer, buyers are enjoying some of the most favourable conditions seen in years.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,173,100. This represents a 2.8 per cent decrease over June 2024 and a 0.3 per cent decrease compared to May 2025.

Sales of detached homes in June 2025 reached 657, a 5.3 per cent decrease from the 694 detached sales recorded in June 2024. The benchmark price for a detached home is $1,994,500. This represents a 3.2 per cent decrease from June 2024 and a 0.1 per cent decrease compared to May 2025.

Sales of apartment homes reached 1,040 in June 2025, a 16.5 per cent decrease compared to the 1,245 sales in June 2024. The benchmark price of an apartment home is $748,400. This represents a 3.2 per cent decrease from June 2024 and a 1.2 per cent decrease compared to May 2025.

Attached home sales in June 2025 totalled 473, a 3.7 per cent increase compared to the 456 sales in June 2024. The benchmark price of a townhouse is $1,103,900. This represents a three per cent decrease from June 2024 and a 0.3 per cent decrease compared to May 2025.

Editor’s Note:

*Areas covered by Greater Vancouver REALTORS® include: Bowen Island, Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.

Greater Vancouver REALTORS® is an association representing more than 15,000 REALTORS® and their companies. The association provides a variety of member services, including the Multiple Listing Service®. For more information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit www.gvrealtors.ca.

For more information please contact:

Mark Moldowan
Manager, Communication and Editorial
Greater Vancouver REALTORS®
604.730.3153
mmoldowan@gvrealtors.ca

Buyers remain hesitant as inventory builds

Fri, 06 Jun 2025 22:46:18 GMT

VANCOUVER, BC – June 3, 2025 – May saw inventory levels across Metro Vancouver* reach another ten-year high, while home sales registered on the MLS® remained muted.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,228 in May 2025, an 18.5 per cent decrease from the 2,733 sales recorded in May 2024. This was 30.5 per cent below the 10-year seasonal average (3,206).

“While there are emerging signs that sales activity might be turning a corner, sales in May were below the ten-year seasonal average, which suggests that some buyers are still sitting on the sidelines or are being especially selective,” said Andrew Lis, GVR’s director of economics and data analytics. “On a year-to-date basis, sales in 2025 rank among the slowest to start the year in the past decade, closely mirroring the trends seen in 2019 and 2020. It’s worth noting that sales rebounded significantly in the latter half of 2020, but whether sales in 2025 might follow a similar pattern remains the million-dollar question.”

There were 6,620 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in May 2025. This represents a 3.9 per cent increase compared to the 6,374 properties listed in May 2024. This was 9.3 per cent above the 10-year seasonal average (6,055).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 17,094, a 25.7 per cent increase compared to May 2024 (13,600). This is 45.9 per cent above the 10-year seasonal average (11,718).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for May 2025 is 13.4 per cent. By property type, the ratio is 10.2 per cent for detached homes, 17.4 per cent for attached, and 14.7 per cent for apartments.

“With some of the healthiest levels of inventory seen in years, many sellers are adjusting price expectations, which has provided buyers more negotiating room and kept a firm lid on price escalation over the past few months,” Lis said. “From a seasonal perspective, sales in the summer months are typically quieter than the spring, but with such an unusually slow spring, we may have an unusually busy summer with so many having delayed their purchasing decisions. Either way, the market continues tilting in favour of buyers, which bodes well for anyone looking to make a purchase this summer.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,177,100. This represents a 2.9 per cent decrease over May 2024 and a 0.6 per cent decrease compared to April 2025.

Sales of detached homes in May 2025 reached 654, a 22.7 per cent decrease from the 846 detached sales recorded in May 2024. The benchmark price for a detached home is $1,997,400. This represents a 3.2 per cent decrease from May 2024 and a 1.2 per cent decrease compared to April 2025.

Sales of apartment homes reached 1,087 in May 2025, an 18.8 per cent decrease compared to the 1,338 sales in May 2024. The benchmark price of an apartment home is $757,300. This represents a 2.4 per cent decrease from May 2024 and a 0.7 per cent decrease compared to April 2025.

Attached home sales in May 2025 totalled 469, a 10.3 per cent decrease compared to the 523 sales in May 2024. The benchmark price of a townhouse is $1,106,800. This represents a 3.4 per cent decrease from May 2024 and a 0.4 per cent increase compared to April 2025.

Editor’s Note:

For more information please contact:

Mark Moldowan Manager,
Communication and Editorial Greater Vancouver
REALTORS®
604.730.3153
mmoldowan@gvrealtors.ca

May brings much-needed lift to Fraser Valley housing market

Fri, 06 Jun 2025 22:24:07 GMT

SURREY, BC – On the heels of a quiet April, Fraser Valley home sales saw a modest but encouraging uptick in May — a sign that buyer confidence may slowly be returning to the market.

The Fraser Valley Real Estate Board recorded 1,183 sales on its Multiple Listing Service® (MLS®) in May, up 13 per cent from April. Despite the increase, sales were 22 per cent below May 2024 levels and 36 per cent below the 10-year seasonal average.

Overall inventory continues to build, with active listings up six per cent in May, to 10,626, an increase of 34 per cent year-over-year and 54 per cent above the 10-year seasonal average. New listings increased seven per cent from April to May to 4,007.

“High inventory in the Fraser Valley is giving buyers more choice, but it also means sellers are facing more competition,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “We’re seeing that homes priced appropriately for today’s market are selling, while sellers who aren’t in a rush are choosing to hold off or stand firm on pricing and wait for more favourable conditions.”

The overall sales-to-active listings ratio of 11 per cent indicates the Fraser Valley remains in a buyer’s market. The market is considered balanced when the ratio is between 12 per cent and 20 per cent.

Across the Fraser Valley in May, the average number of days to sell a single-family detached home was 34, while for a condo it was 33 days. Townhomes took, on average, 27 days to sell.

“Many buyers are taking a wait and see approach, hoping for the economy to improve,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “Job security, inflation, and the cost of living continue to weigh on the minds of many families. As soon as greater confidence begins to return, we could start to see more activity in the market.”

The composite Benchmark price in the Fraser Valley decreased one per cent in May, to $963,200.

MLS® HPI Benchmark Price Activity

Single Family Detached: At $1,481,900, the Benchmark price for an FVREB single-family detached home decreased 1.6 per cent compared to April 2025 and decreased 3.2 per cent compared to May 2024.

• Townhomes: At $832,800 the Benchmark price for an FVREB townhome decreased 0.03 per cent compared to April 2025 and decreased 2.5 per cent compared to May 2024.

• Apartments: At $532,700 the Benchmark price for an FVREB apartment/condo decreased 0.9 per cent compared to April 2025 and decreased 4.0 per cent compared to May 2024.

*data from Fraser Valley Real Estate Board

Spring market brings abundance of opportunity for buyers

Fri, 09 May 2025 23:50:45 GMT

VANCOUVER, BC – May 2, 2025 – The slowdown in home sales registered on the Multiple Listing Service® (MLS®) in Metro Vancouver* that began early this year continued in April, with sales down nearly 24 per cent year-over-year.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,163 in April 2025, a 23.6 per cent decrease from the 2,831 sales recorded in April 2024. This was 28.2 per cent below the 10-year seasonal average (3,014).

“From a historical perspective, the slower sales we’re now seeing stand out as unusual, particularly against a backdrop of significantly improved borrowing conditions, which typically helps to boost sales,” said Andrew Lis, GVR’s director of economics and data analytics. “What’s also unusual is starting the year with Canada’s largest trading partner threatening to tilt our economy into recession via trade policy, while at the same time having Canadians head to the polls to elect a new federal government. These issues have been hard to ignore, and the April home sales figures suggest some buyers have continued to patiently wait out the storm.”

There were 6,850 detached, attached and apartment properties newly listed for sale on the MLS® in Metro Vancouver in April 2025. This represents a 3.4 per cent decrease compared to the 7,092 properties listed in April 2024 and was 19.5 per cent above the 10-year seasonal average (5,731) for the month.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 16,207, a 29.7 per cent increase compared to April 2024 (12,491). This is 47.6 per cent above the 10-year seasonal average (10,979).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for April 2025 is 13.8 per cent. By property type, the ratio is 9.9 per cent for detached homes, 17.5 per cent for attached, and 15.7 per cent for apartments.

“While the headlines have been filled with worrying news lately, there are positives in the current market worth highlighting, especially for buyers,” Lis said. “Inventory levels have just crested 16,000 for the first time since 2014, prices have stayed fairly stable for the past few months, and borrowing costs are the lowest they’ve been in years. These factors benefit buyers, and with balanced conditions across the market overall, there’s plenty of opportunity for anyone looking to make a purchase.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,184,500. This represents a 1.8 per cent decrease over April 2024 and a 0.5 per cent decrease compared to March 2025.

Sales of detached homes in April 2025 reached 578, a 29 per cent decrease from the 814 detached sales recorded in April 2024. The benchmark price for a detached home is $2,021,800. This represents a 0.7 per cent decrease from April 2024 and a 0.6 per cent decrease compared to March 2025.

Sales of apartment homes reached 1,130 in April 2025, a 20.2 per cent decrease compared to the 1,416 sales in April 2024. The benchmark price of an apartment home is $762,800. This represents a two per cent decrease from April 2024 and a 0.6 per cent decrease compared to March 2025.

Attached home sales in April 2025 totalled 442, a 23.8 per cent decrease compared to the 580 sales in April 2024. The benchmark price of a townhouse is $1,102,300. This represents a 2.9 per cent decrease from April 2024 and a one per cent decrease compared to March 2025.

Editor’s Note:

Correction notice: In a previous edition of this report, Andrew Lis was quoted saying, “Inventory levels have just crested 16,000 for the first time since 2019”. This was incorrect. Inventory levels have crested 16,000 for the first time since 2014. We have updated the quote to reflect this.

For more information please contact:

Mark Moldowan
Manager, Communication and Editorial
Greater Vancouver REALTORS®
604.730.3153
mmoldowan@gvrealtors.ca

Abundant listings and stable prices not enough to drive April sales in the Fraser Valley

Fri, 09 May 2025 23:45:43 GMT

SURREY, BC – Home buyers in the Fraser Valley are enjoying a selection of homes for sale not seen in more than a decade. The growing inventory of more than 10,000 active listings means, in many cases, that buyers have time, selection and price negotiation on their side.

“There’s definitely a surge of activity in the market — buyers are out viewing homes and attending open houses,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “What’s noticeable in the current market is the level of choice. A buyer might see a home they like and then have an opportunity to tour five or ten more just like it, without feeling rushed to make an immediate offer.”

However, despite the abundance of listings and potential buying opportunities, spring sales remain sluggish. The Fraser Valley Real Estate Board recorded 1,043 sales on its Multiple Listing Service® (MLS®) in April, up one per cent from March and down 29 per cent year over year. New listings declined slightly in April, down one per cent from March.

The overall sales-to-active listings ratio indicates a buyer’s market in the Fraser Valley, with a ratio of 10 per cent. The market is considered to be balanced when the ratio is between 12 per cent and 20 per cent.

Across the Fraser Valley in April, the average number of days to sell a single-family detached home was 32, while for both townhomes and condos it was slightly lower at 29 days.

“Tariffs and economic uncertainty continue to weigh heavily on the minds of home buyers in the Fraser Valley,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “However, with the federal election now behind us and a new administration in place, there’s cautious optimism that a fresh approach to strengthening the economy could be on the way, which is welcome news for the real estate sector.”

The composite Benchmark price in the Fraser Valley decreased 0.2 per cent in April, to $972,700.

MLS® HPI Benchmark Price Activity

• Single Family Detached: At $1,506,600, the Benchmark price for an FVREB single-family detached home increased 0.1 per cent compared to March 2025 and decreased 1.3 per cent compared to April 2024.

• Townhomes: At $833,100 the Benchmark price for an FVREB townhome decreased 0.1 per cent compared to March 2025 and decreased 2.4 per cent compared to April 2024.

• Apartments: At $537,800 the Benchmark price for an FVREB apartment/condo decreased 0.6 per cent compared to March 2025 and decreased 3.2 per cent compared to April 2024.

New property listed in White Rock, South Surrey White Rock

Fri, 02 May 2025 09:00:04 GMT

NEW LISTING! 1320 Kent Street in White Rock.

See details here

10,364 sq. ft. lot in White Rock. Potential new zoning allows for "up to 4 dwellings. Charming 1970s rancher with basement on a beautiful and spacious property. This well-cared-for home features 3 bedrooms, 1.5 baths, original hardwood floors, and an unfinished basement with a 4th bedroom and lots of great potential. Enjoy vinyl windows and a large, private back deck perfect for outdoor gatherings. Located just five blocks from the beach, with convenient access to Hwy 99, King George Blvd, and shopping in White Rock. In the sought-after catchments of Peace Arch Elementary and Earl Marriott Secondary.

New property listed in Tsawwassen Central, Tsawwassen

Thu, 17 Apr 2025 09:00:12 GMT

NEW LISTING! 4907 7a Avenue in Delta.

See details here

Beautifully maintained family home in one of Tsawwassen’s most desirable neighbourhoods! This spacious 5-bedroom + den, 3-bathroom home offers a functional layout with open living and dining areas, large picture windows, and gleaming hardwood floors throughout. The bright, updated kitchen features custom built-ins and ample storage—perfect for family living. Downstairs includes a generous games room, two bedrooms, and a den—ideal for teens, guests, or a home office. Situated on a fully fenced lot with a detached storage room as well as a workshop, no lack of storage here! This home is move-in ready with numerous updates, vinyl windows, and a warm, welcoming feel. A fantastic place to raise a family!

New property listed in White Rock, South Surrey White Rock

Sat, 05 Apr 2025 09:00:25 GMT

NEW LISTING! 301 14965 Marine Drive in White Rock.

See details here

UNMATCHED WATERFRONT LIVING! Welcome to your dream penthouse overlooking the breathtaking ocean and Gulf Islands—unobstructed views in every direction! This rare 2 Bed + Den residence offers 1,540 sq. ft. of coastal luxury in the heart of White Rock Beach. Wake up to the sound of waves, step onto your balcony for a morning coffee, or enjoy sunset strolls along the promenade. Inside, you'll find a chef’s kitchen with granite countertops, custom cabinetry, tile flooring, and stainless steel appliances. Both bedrooms feature ocean views; the primary boasts a private en-suite. Den off kitchen. Skylights throughout, abundant storage, Top floor corner. Secured u/g parking & visitor parking. An ideal full-time home, or vacation getaway. Furniture can be included. Truly one of a kind!

A market made for buyers is missing buyers

Fri, 04 Apr 2025 18:40:53 GMT

VANCOUVER, BC – April 2, 2025 – Home sales registered on the MLS® in Metro Vancouver* for the month of March were the lowest going back to 2019 for the same month, while active listings continue to their upward trend.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,091 in March 2025, a 13.4 per cent decrease from the 2,415 sales recorded in March 2024. This was 36.8 per cent below the 10-year seasonal average (3,308).

“If we can set aside the political and economic uncertainty tied to the new U.S. administration for a moment, buyers in Metro Vancouver haven’t seen market conditions this favourable in years,” said Andrew Lis, GVR’s director of economics and data analytics. “Prices have eased from recent highs, mortgage rates are among the lowest we’ve seen in years, and there are more active listings on the MLS® than we’ve seen in almost a decade. Sellers appear ready to engage — but so far, buyers have not shown up in the numbers we typically see at this time of year.”

There were 6,455 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in March 2025. This represents a 29 per cent increase compared to the 5,002 properties listed in March 2024. This was 15.8 per cent above the 10-year seasonal average (5,572).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 14,546, a 37.9 per cent increase compared to March 2024 (10,552). This is 44.9 per cent above the 10-year seasonal average (10,038).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for March 2025 is 14.9 per cent. By property type, the ratio is 10.3 per cent for detached homes, 21.5 per cent for attached, and 16.2 per cent for apartments.

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“The current market bares resemblance to early 2023 where price trends were generally flat, and sales started the year off slowly before gaining momentum in the spring and summer months,” Lis said. “While market conditions overall remain balanced, it’s worth noting that the attached segment continues teetering on the threshold of a sellers’ market as a result of a chronic undersupply, with only about 2,200 active listings available for prospective buyers throughout the entire region.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,190,900. This represents a 0.6 per cent decrease over March 2024 and a 0.5 per cent increase compared to February 2025.

Sales of detached homes in March 2025 reached 527, a 24.1 per cent decrease from the 694 detached sales recorded in March 2024. The benchmark price for a detached home is $2,034,400. This represents a 0.8 per cent increase from March 2024 and a 0.4 per cent increase compared to February 2025.

Sales of apartment homes reached 1,084 in March 2025, a 10.2 per cent decrease compared to the 1,207 sales in March 2024. The benchmark price of an apartment home is $767,300. This represents a 0.9 per cent decrease from March 2024 and a 1 per cent increase compared to February 2025.

Attached home sales in March 2025 totalled 472, a 4.6 per cent decrease compared to the 495 sales in March 2024. The benchmark price of a townhouse is $1,113,100. This represents a 0.8 per cent decrease from March 2024 and a 0.2 per cent increase compared to February 2025.

Editor’s Note:
*Areas covered by Greater Vancouver REALTORS® include: Bowen Island, Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.

Greater Vancouver REALTORS® is an association representing more than 15,000 REALTORS® and their companies. The association provides a variety of member services, including the Multiple Listing Service®.

For more information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit www.gvrealtors.ca.
For more information please contact:
Mark Moldowan
Manager, Communication and Editorial Greater Vancouver REALTORS®
604.730.3153
mmoldowan@gvrealtors.ca

Tariffs, economic uncertainty stall spring market in the Fraser Valley

Fri, 04 Apr 2025 18:29:35 GMT

SURREY, BC – March home sales in the Fraser Valley remained nearly 50 per cent below the 10-year average — making for the slowest start to the spring market in more than 15 years.

The Fraser Valley Real Estate Board recorded 1,036 sales in March, up 13 per cent from February, but still 26 per cent below sales recorded this time last year.

Following a decline on the Board’s Multiple Listing Service® (MLS®) in February, new listings increased 22 per cent in March to 3,800. Overall inventory is at a decade-high level, with 9,219 active listings, 49 per cent above March 2024 and 59 per cent above the 10-year seasonal average.

The overall sales-to-active listings ratio continues to signal a buyer’s market in the Fraser Valley, with a ratio of 11 per cent. The market is considered to be balanced when the ratio is between 12 per cent and 20 per cent.

Across the Fraser Valley in March, the average number of days to sell a single-family detached home was 31, while for a condo it was slightly higher at 33 days. Townhomes took, on average, 27 days to sell.

The composite Benchmark price in the Fraser Valley increased just under half a per cent in March, up 0.4 per cent to $974,400.

MLS® HPI Benchmark Price Activity

Single Family Detached: At $1,505,500, the Benchmark price for an FVREB single-family detached home increased 0.4 per cent compared to February 2025 and decreased 1.2 per cent compared to March 2024.
Townhomes: At $833,700 the Benchmark price for an FVREB townhome increased 0.5 per cent compared to February 2025 and decreased 1.7 per cent compared to March 2024.
Apartments: At $540,900 the Benchmark price for an FVREB apartment/condo increased 0.5 per cent compared to February 2025 and decreased 2.6 per cent compared to March 2024.

New property listed in White Rock, South Surrey White Rock

Fri, 04 Apr 2025 09:00:06 GMT

NEW LISTING! 209 1355 Winter Street in White Rock.

See details here

Spacious West facing 2 bed, 2 bath condo in the desirable Summerhill building, offering over 900 sq ft in the heart of White Rock. This 55+ building includes 1 secured underground parking spot. Enjoy the enclosed balcony for year-round use with a bonus peek-a-boo ocean view! No dogs allowed—1 cat permitted. Loads of potential to make it your own!

New property listed in King George Corridor, South Surrey White Rock

Thu, 03 Apr 2025 09:00:06 GMT

NEW LISTING! 15428 Madrona Drive in Surrey.

See details here

Charming Cape Cod-style home in South Surrey featuring 3 bedrooms, 1.5 baths, and a spacious upstairs games room. Enjoy hardwood floors, vinyl windows, and a new washer and dryer. All appliances are under 7 years old. Upgrades include an on-demand hot water system, high-efficiency furnace with A/C, and a UV air purification system for clean indoor air. A water filtration system adds extra comfort. Step outside to your private south-facing backyard oasis with a hot tub and sauna. Covered patio for year round use. Bonus: a large detached flex room with acoustic drywall—perfect for a workshop, media room, playroom, or whatever suits your lifestyle.

February brings balance to Metro Vancouver’s housing market

Wed, 05 Mar 2025 23:19:20 GMT

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 prepandemic times.”

There were 5,057 detached, attached and apartment properties newly listed for sale on the MLS® in February 2025. This represents a 10.9 per cent increase compared to the 4,560 properties listed in February 2024. This was 11.6 per cent above the 10-year seasonal average (4,530).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 12,744, a 32.3 per cent increase compared to February 2024 (9,634). This is also 36.4 per cent above the 10-year seasonal average (9,341).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for February 2025 is 14.8 per cent. By property type, the ratio is 10.7 per cent for detached homes, 18.5 per cent for attached, and 16.8 per cent for apartments.

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“Balanced market conditions typically bring a flatter price trajectory, and we’ve seen prices across all segments remain in a holding pattern for the past few months,” Lis said. “But with the active spring season just around the corner, it will be interesting to see whether buyers take advantage of some of the most favorable market conditions seen in years, and whether sellers change their willingness to bring their properties to market.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,169,100. This represents a 1.1 per cent decrease over February 2024 and a 0.3 per cent decrease compared to January 2025.

Sales of detached homes in February 2025 reached 477, a 14.8 per cent decrease from the 560 detached sales recorded in February 2024. The benchmark price for a detached home is $2,006,100. This represents a 1.8 per cent increase from February 2024 and is virtually unchanged compared to January 2025.

Sales of apartment homes reached 976 in February 2025, a 10.6 per cent decrease compared to the 1,092 sales in February 2024. The benchmark price of an apartment home is $747,500. This represents a 2.8 per cent decrease from February 2024 and a 0.1 per cent decrease compared to January 2025.

Attached home sales in February 2025 totalled 359, a 10.9 per cent decrease compared to the 403 sales in February 2024. The benchmark price of a townhouse is $1,087,100. This represents a 1.2 per cent decrease from February 2024 and a 1.7 per cent decrease compared to January 2025.

Editor’s Note:

*Areas covered by Greater Vancouver REALTORS® include: Bowen Island, Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.

Greater Vancouver REALTORS® is an association representing more than 15,000 REALTORS® and their companies. The association provides a variety of member services, including the Multiple Listing Service®. For more information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit www.gvrealtors.ca.

For more information please contact:
Mark Moldowan
Manager, Communication and Editorial Greater Vancouver REALTORS®
604.730.3153
mmoldowan@gvrealtors.ca

Buyers gaining upper hand in Fraser Valley real estate market

Wed, 05 Mar 2025 23:13:03 GMT

SURREY, BC – For the first time in four months, home sales in the Fraser Valley have increased as buyers capitalize on more selection and weakening prices.

The Fraser Valley Real Estate Board recorded 920 sales in February, up 13 per cent from January, but 26 per cent below sales recorded in February 2024.

Despite a nine per cent drop in newly listed homes on the Board’s Multiple Listing Service® (MLS®), new listings remained 14 per cent above the 10-year seasonal average, at 3,121. Overall inventory remains high, at 8,070 active listings, 45 per cent above February 2024 and 55 per cent above the 10-year seasonal average.

The overall sales-to-active listings ratio continues to signal a buyer’s market in the Fraser Valley, with a ratio of 11 per cent. The market is considered to be balanced with the ratio is between 12 per cent and 20 per cent.

The overall sales-to-active listings ratio continues to signal a buyer’s market in the Fraser Valley, with a ratio of 11 per cent. The market is considered to be balanced with the ratio is between 12 per cent and 20 per cent.

“The combination of inventory accumulation and softening prices is providing buyers with increased leverage, especially in the single-family detached category,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “Should this pattern persist, we could see a further shift toward a buyer's market, particularly given the ongoing economic uncertainties and impending tariffs. With ample selection, buyers have flexibility and time on their side to explore their options before making a decision.”

Homes across the Fraser Valley sold in fewer days in February compared to January. The average number of days to sell a single-family detached home was 39, while for a condo it was 36. Townhomes took, on average, 32 days to sell.

The composite Benchmark price in the Fraser Valley dipped less than a quarter of a per cent in February, down 0.2 per cent to $962,500.

MLS® HPI Benchmark Price Activity

• Single Family Detached: At $1,489,100, the Benchmark price for an FVREB single-family detached home increased 0.5 per cent compared to January 2025 and decreased 0.6 per cent compared to February 2024.

• Townhomes: At $820,600, the Benchmark price for an FVREB townhome decreased 0.7 per cent compared to January 2025 and decreased 2.1 per cent compared to February 2024.

• Apartments: At $533,200 the Benchmark price for an FVREB apartment/condo decreased 0.3 per cent compared to January 2025 and decreased 2.4 per cent compared to February 2024.

New property listed in Pender Harbour Egmont, Sunshine Coast

Tue, 04 Mar 2025 09:00:05 GMT

NEW LISTING! 12828 GILDEN RD in Madeira Park.

See details here

Fraser Valley’s decade-high inventory could open doors for buyers

Wed, 05 Feb 2025 19:48:54 GMT

SURREY, BC – Growing inventory and stable prices could lead to opportunities for buyers in the Fraser Valley market this winter despite uncertain economic conditions.

Newly listed homes jumped 167 per cent from December to January, with 3,432 listed on the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®). At 7,251 active listings, inventory is at a 10-year seasonal high, 54 per cent above the 10-year average.

While sales remained slow in January, with 818 properties sold (down 18% from December), the combination of stable prices and abundant selection presents potential opportunities for buyers to get back into the market.

The sales-to-active listings ratio appears to bear this out. At 11 per cent, the overall ratio is signaling a buyer’s market, with detached homes firmly in buyer’s market territory. The market is considered to be balanced when the ratio is between 12 per cent and 20 per cent.

It took longer to sell homes in January compared to December. Across the Fraser Valley, the average number of days to sell a single-family detached home was 52, while for a condo it was 42. Townhomes took, on average, 38 days to sell.

“The market appears to be in a holding pattern at the moment,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “There is no doubt that economic uncertainty is playing a role, especially the spectre of a trade war, which could lead to even more rate cuts by the Bank of Canada. The confluence of these conditions could provide unique buying opportunities, but we urge buyers and sellers to work with a REALTOR® to ensure they align with financial objectives.”

Benchmark prices in the Fraser Valley held relatively steady in January, with the composite Benchmark price down 0.03 per cent to $964,800.

MLS® HPI Benchmark Price Activity

Single Family Detached: At $1,482,400, the Benchmark price for an FVREB single-family detached home increased 0.1 per cent compared to December 2024 and increased 0.6 per cent compared to January 2024.
Townhomes: At $826,000, the Benchmark price for an FVREB townhome decreased 0.2 per cent compared to December 2024 and decreased 0.2 per cent compared to January 2024.
Apartments: At $534,600, the Benchmark price for an FVREB apartment/condo increased 0.1 per cent compared to December 2024 and decreased 1.2 per cent compared to January 2024.

Home sellers off to an active start in 2025

Wed, 05 Feb 2025 19:43:08 GMT

VANCOUVER, BC – February 4, 2025 – Homes newly listed on the MLS® in Metro Vancouver* rose 46 per cent year-over-year in January, as sellers appear eager to enter the market to start the year.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,552 in January 2025, an 8.8 per cent increase from the 1,427 sales recorded in January 2024. This was 11.3 per cent below the 10-year seasonal average (1,749).

“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,” Andrew Lis, GVR’s director of economics and data analytics said. “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.”

There were 5,566 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in January 2025. This represents a 46.9 per cent increase compared to the 3,788 properties listed in January 2024. This was 31.1 per cent above the 10-year seasonal average (4,247).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 11,494, a 33.1 per cent increase compared to January 2024 (8,633). This is 33.2 per cent above the 10-year seasonal average (8,632).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for January 2025 is 14.1 per cent. By property type, the ratio is 9.2 per cent for detached homes, 18.5 per cent for attached, and 16.5 per cent for apartments.

“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. “Our 2025 forecast calls for moderate price growth by the end of the year, but we have cautioned that shocks to the economy such as those currently threatening Canada via tariffs from the US could impact these estimates. Going forward, whether these tariffs actually come into force, the duration they remain in place, and the degree to which Canada retaliates will determine the impact to the housing market in our region in the months ahead, if any.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,173,000. This represents a 0.5 per cent increase over January 2024 and a 0.1 per cent increase compared to December 2024.

Sales of detached homes in January 2025 reached 380, a 0.3 per cent increase from the 379 detached sales recorded in January 2024. The benchmark price for a detached home is $2,005,400. This represents a 3.1 per cent increase from January 2024 and a 0.4 per cent increase compared to December 2024.

Sales of apartment homes reached 846 in January 2025, a 13.4 per cent increase compared to the 746 sales in January 2024. The benchmark price of an apartment home is $748,100. This represents a 1.7 per cent decrease from January 2024 and a 0.2 per cent decrease compared to December 2024

Attached home sales in January 2025 totalled 321, a 12.6 per cent increase compared to the 285 sales in January 2024. The benchmark price of a townhouse is $1,105,600. This represents a 2.7 per cent increase from January 2024 and a 0.8 per cent decrease compared to December 2024.

Editor’s Note:

*Areas covered by Greater Vancouver REALTORS® include: Bowen Island, Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.

Greater Vancouver REALTORS® is an association representing more than 15,000 REALTORS® and their companies. The association provides a variety of member services, including the Multiple Listing Service®. For more information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit www.gvrealtors.ca.

For more information please contact:
Mark Moldowan
Manager, Communication and Editorial Greater Vancouver REALTORS®
604.730.3153
mmoldowan@gvrealtors.ca

New listings at 10-year high in 2024, but affordability still the elephant in the room in Fraser Valley

Tue, 07 Jan 2025 02:27:56 GMT

SURREY, BC – Bank of Canada interest rate cuts that began mid-year were not enough to ease the affordability crisis for many home buyers in the Fraser Valley in 2024, leading to a decline in annual sales.

The Fraser Valley Real Estate Board reported new listings of 35,698 for the year ended December 31, 2024, a 10-year high and nine per cent above the 10-year average. However, annual sales recorded on the Multiple Listing Service® (MLS®) were the lowest seen in ten years at 14,570, a decline of one per cent over 2023 and 24 per cent below the 10-year average. The City of Surrey accounted for the majority of 2024 sales at 51 per cent, with Langley and Abbotsford accounting for 24 per cent and 15 per cent respectively.

“2024 marked another subdued year for Fraser Valley home sales on the heels of a ten-year low in 2023,” said Jeff Chadha, Chair of the Fraser Valley Real Estate Board. “Slight declines in home prices across some areas of the region provided negligible relief for buyers looking to get into the market. At the same time, the modest price adjustments did not discourage sellers from listing.”

The composite Benchmark home price in the Fraser Valley closed the year at $965,000, down two per cent year-over-year, and down four per cent from its 2024 peak in March.

December 2024

The Board recorded 994 sales on its MLS® in December, a decline of 13 per cent from November, but 19 per cent above sales from December 2023.

New listings declined 46 per cent from November to December, from 2,367 to 1,288, contributing to a 23 per cent decline in overall inventory in December. With a sales-to-active listings ratio of 16 per cent in December, the overall market closed out the year in balance. The market is considered balanced when the ratio is between 12 per cent and 20 per cent.

“While the Fraser Valley saw overall balanced market conditions for most of 2024, the low levels of buying and selling activity reflected a challenging year for many as would-be buyers waited for affordability to improve,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “Interest rate cuts by the Bank of Canada along with recent government policies aimed at boosting overall housing supply and improving affordability, should help to increase market conditions in 2025.”

It took longer to sell townhomes and condos in December compared to November. Townhomes spent 36 days on the market, up from 33 days in November, while condos spent 38 days on the market, up from 36 days in the previous month. Single-family homes spent 43 days on the market — no change from November.

The composite Benchmark home price in the Fraser Valley continued to slide for the ninth straight month, down 0.5 per cent compared to November.

MLS® HPI Benchmark Price Activity

Single Family Detached: At $1,480,400, the Benchmark price for an FVREB single-family detached home decreased 0.1 per cent compared to November 2024 and increased 0.9 per cent compared to December 2023.
Townhomes: At $827,900, the Benchmark price for an FVREB townhome decreased 0.9 per cent compared to November 2024 and increased 0.3 per cent compared to December 2023.
Apartments: At $533,900, the Benchmark price for an FVREB apartment/condo decreased 0.4 per cent compared to November 2024 and decreased 0.2 per cent compared to December 2023.

Home sales register a strong finish to cap off 2024

Tue, 07 Jan 2025 02:22:01 GMT

VANCOUVER, BC – January 3, 2025 – Home sales registered on the Multiple Listing Service® (MLS®) in Metro Vancouver rose over thirty per cent in December, compared to the previous year, signalling strengthening demand-side momentum to close out 2024.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 26,561 in 2024, a 1.2 per cent increase from the 26,249 sales recorded in 2023, and a 9.2 per cent decrease from the 29,261 sales in 2022.

Last year’s sales total was 20.9 per cent below the 10-year annual sales average (33,559).

“Looking back on 2024, it could best be described as a pivot year for the market after experiencing such dramatic increases in mortgage rates in the preceding years,” said Andrew Lis, GVR’s director of economics and data analytics. “With borrowing costs now firmly on the decline, buyers have started to show up in numbers after somewhat of a hiatus – and this renewed strength is now clearly visible in the more recent monthly data.”

Properties listed on the MLS® system in Metro Vancouver totalled 60,388 in 2024. This represents an 18.7 per cent increase compared to the 50,894 properties listed in 2023. This was 9.7 per cent above the 55,047 properties listed in 2022.

The total number of properties listed last year was 5.7 per cent above the region’s 10-year annual average (57,136).

Currently, the total number of homes listed for sale on the MLS® system in Metro Vancouver is 10,948, a 24.4 per cent increase compared to December 2024 (8,802). This total is also 25.3 per cent above the 10-year seasonal average (8,737).

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,171,500. This represents a 0.5 per cent increase over December 2023 and a 0.1 per cent decrease compared to November 2024.

“Disappointingly, sales came in shy of our forecasted target for the year, but the December figures signal an emerging pattern of strength in home sales, building on the momentum seen in previous months,” Lis said. “These more recent sales figures are now trending back towards long-term historical averages, which suggests there may still be quite a bit of potential upside for sales as we head into 2025, should the recent strength continue.

“Although sales activity had a slower start to the year, price trends began 2024 on the rise and closed out the year on a flatter trajectory. Most market segments saw year-over-year increases of a few per cent except for apartment units, which ended 2024 roughly flat. With the data showing renewed strength to finish the year however, it looks as though the 2025 market is positioned to be considerably more active than we’ve seen in recent years.”

December 2024 summary

Residential sales in the region totalled 1,765 in December 2024, a 31.2 per cent increase from the 1,345 sales recorded in December 2023. This was 14.9 per cent below the 10-year seasonal average (2,074) for the month.

There were 1,676 detached, attached and apartment properties newly listed for sale on the MLS® system in Metro Vancouver in December 2024. This represents a 26.3 per cent increase compared to the 1,327 properties listed in December 2023. This was 1.1 per cent below the 10-year seasonal average (1,695).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for December 2024 is 16.8 per cent. By property type, the ratio is 12.1 per cent for detached homes, 23.6 per cent for attached, and 18.7 per cent for apartments.

Sales of detached homes in December 2024 reached 494, a 31.4 per cent increase from the 376 detached sales recorded in December 2023. The benchmark price for a detached home is $1,997,000. This represents a two per cent increase from December 2023 and is nearly unchanged compared to November 2024.

Sales of apartment homes reached 891 in December 2024, a 23.9 per cent increase compared to the 719 sales in December 2024. The benchmark price of an apartment home is $749,900. This represents a 0.1 per cent decrease from December 2023 and a 0.4 per cent decrease compared to November 2024.

Attached home sales in December 2024 totalled 371, a 55.9 per cent increase compared to the 238 sales in December 2024. The benchmark price of a townhouse is $1,114,600. This represents a 3.4 per cent increase from December 2023 and a 0.3 per cent decrease compared to November 2024.

Home buyer demand continues to strengthen in November

Tue, 03 Dec 2024 21:20:45 GMT

VANCOUVER, BC – December 3, 2024 – Home sales registered in the MLS® in the Metro Vancouver market rose 28 percent year-over-year in November, building on the momentum of the 30 percent year-over-year increase seen in October.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,181 in November 2024, a 28.1 per cent increase from the 1,702 sales recorded in November 2023. This was 12.8 per cent below the 10-year seasonal average (2,500).

When we saw demand pick up in October, there was still a question over whether it was a blip in the data or the start of an emerging trend,” Andrew Lis, GVR’s director of economics and data analytics said. “While the November market isn’t quite a Cyber Monday doorcrasher, buyers are continuing to take advantage of the relatively balanced market conditions while they last.”

There were 3,725 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in November 2024. This represents a 10.6 per cent increase compared to the 3,369 properties listed in November 2023. This was 5.4 per cent above the 10-year seasonal average (3,535).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 13,245, a 21.2 per cent increase compared to November 2023 (10,931). This is 26.1 per cent above the 10-year seasonal average (10,502).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for November 2024 is 17.1 per cent. By property type, the ratio is 12.7 per cent for detached homes, 23.1 per cent for attached, and 18.7 per cent for apartments.

“Although demand has increased as we head into year-end, the number of newly listed properties coming to market in November remained sufficient to keep prices steady across all segments,” Lis said. “But as we move into the New Year, if the strength in demand continues at the current pace, and the pace of newly listed properties coming to market doesn’t keep up, it may not be long until we see the return of upward pressure on prices.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,172,100. This represents a 0.9 per cent decrease over November 2023 and nearly unchanged compared to October 2024.

Sales of detached homes in November 2024 reached 626, a 19.7 per cent increase from the 523 detached sales recorded in November 2023. The benchmark price for a detached home is $1,997,400. This represents a one per cent increase from November 2023 and a 0.3 per cent decrease compared to October 2024.

Sales of apartment homes reached 1,089 in November 2024, a 28.1 per cent increase compared to the 850 sales in November 2023. The benchmark price of an apartment home is $752,800. This represents a 1.2 per cent decrease from November 2023 and a 0.6 per cent decrease compared to October 2024.

Attached home sales in November 2024 totalled 451, a 42.7 per cent increase compared to the 316 sales in November 2023. The benchmark price of a townhouse is $1,117,600. This represents a 1.8 per cent increase from November 2023 and a 0.8 per cent increase compared to October 2024.

Editor’s Note:

1. Areas covered by Greater Vancouver REALTORS® include: Bowen Island, Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.

2. On February 12, 2024, the Real Estate Board of Greater Vancouver changed its organizational name to Greater Vancouver REALTORS®. Greater Vancouver REALTORS® is an association representing more than 15,000 REALTORS® and their companies. The association provides a variety of member services, including the Multiple Listing Service®. For more information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit www.gvrealtors.ca.

For more information please contact:

Mark Moldowan
Manager, Communication and Editorial
Greater Vancouver REALTORS®
604.730.3153
mmoldowan@gvrealtors.ca

Fraser Valley home sales returning to seasonal norms in November after October surge

Tue, 03 Dec 2024 21:12:24 GMT

SURREY, BC – Following a healthy boost in sales in October, Fraser Valley home sales dropped in November as slower seasonal buying trends set in amid balanced market conditions.

The Fraser Valley Real Estate Board recorded 1,136 sales in November, down 15 per cent from October, but 28 per cent above November 2023 sales.

“Buying and selling activity is typically quiet at this time of year,” said Jeff Chadha, Chair of the Fraser Valley Real Estate Board. “But it’s worth noting that November 2024 sales are higher than they’ve been compared to the past two Novembers — a sign that overall activity is picking up in the Fraser Valley and with it, growing buyer confidence.”

A decline in new listings chipped away at overall inventory in November, with active listings declining eight per cent to 8,125. Overall inventory, however, remains at a 10-year seasonal high and 30 per cent above November 2023 levels. New listings dropped 26 per cent in November to 2,367, but remain above the 10- year seasonal average and above levels from November 2023. The Fraser Valley remains in a balanced market with a sales-to-active ratio of 14 per cent. The market is considered to be balanced when the ratio is between 12 per cent and 20 per cent.

“With seasonality expected to slow sales activity towards year-end, we are optimistic that the new mortgage lending guidelines, which come into effect on December 15, will slowly start to work their way into the market,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “Longer amortization periods and lower minimum down payments should help more buyers who want to get into the market in 2025.”

Across the Fraser Valley in November, the average number of days to sell a single-family detached home was 43, while for a condo it was 36. Townhomes took, on average, 33 days to sell.

Benchmark prices in the Fraser Valley dipped for the eighth straight month in November, with the composite Benchmark price down 0.2 per cent to $969,500

MLS® HPI Benchmark Price Activity

Single Family Detached: At $1,482,600, the Benchmark price for an FVREB single-family detached home decreased 0.4 per cent compared to October 2024 and decreased 0.1 per cent compared to November 2023
Townhomes: At $835,100, the Benchmark price for an FVREB townhome increased 0.3 per cent compared to October 2024 and decreased 0.2 per cent compared to November 2023.
Apartments: At $536,100, the Benchmark price for an FVREB apartment/condo decreased 1.3 per cent compared to October 2024 and decreased 1.2 per cent compared to November 2023.