This spring, the market is serving up a rare mix: prices are trending slightly down, inventory has surged to the highest level since July 2013, and borrowing costs are at their lowest in years. Yet despite all these buyer-friendly conditions, sales activity remains unexpectedly quiet.
Spring Market 🌸 Never Showed Up... But the Deals Did
I'm sad to report that the Spring Real Estate Market never happened in March. If you're a buyer in the Greater Vancouver Area, conditions right now are seriously in your favour.
I'm Cari Mai, and this is your Vancouver Real Estate Market Update for April 2025.
Hi, it’s Cari Mai and this is your Vancouver real estate market update for March 2025.
Market Activity Stalls After Months of Gains ⚖️
After four straight months of improving sales since October, last month definitely hit the brakes. Home sales in February were down 12% compared with February 2024 — and 29% below the 10-year seasonal average.
Hi, it’s Cari Mai and this is your Vancouver real estate market update for February 2025.
A Surge in Listings & Sales 📈
Man, did we see a flurry of activity last month!
Sellers were eager to list, which resulted in a 46% surge in new listings compared with last January. Even with this increase in new listing activity, home sales still outpaced last Ja...
Hi, it’s Cari Mai and this if your first Vancouver Real Estate Market Update of 2025! 🎉
Reviewing Market Trends of 2024 📈
Looking back on 2024, it was an interesting year for the market after experiencing multiple aggressive mortgage rate increases and then seeing rates easing in the later part of the year. Though sales activity in 2024 had a slower...