Metro Vancouver Real Estate Market Insights: Stats Centre Reports

Metro Vancouver Real Estate Market Insights: Your Comprehensive Real Estate Update with Jersey Li ☀️

Stats Centre Reports - April 2025

It's always sunny with me ☀️ This is your trusted REALTOR®, Jersey Li 😄!

A stagnant real estate market is bound to decline!

Here are your Metro Vancouver Real Estate Market Insights: Stats Centre Reports. This month, we’re diving into one of the most critical points of the year so far—a stagnant real estate market that’s showing signs of a bigger shift ahead. The theme for March? Stalemate. Sellers won’t sell low. Buyers won’t buy high. So, what happens? Less action, more tension. Let’s break it down 👇

A Stalemate in Motion

March 2025 showed us what happens when both sides freeze.

Sellers are holding firm, unwilling to let go at lower prices.
Buyers lack the confidence to buy into an uncertain market at higher price points.

As a result, sales transactions dipped again, as many people continued to wait for either prices to drop or interest rates to shift. This kind of market stagnation typically leads to price corrections, and we’re already starting to feel the pressure building.

Jersey’s Market Prediction: What’s Ahead for Q2 2025?

A stagnant market is bound to decline. And as we head into Q2 2025, here’s what I see on the horizon:

🔻 If interest rates drop again, buyers will finally get the green light to enter the market—but don’t expect a frenzy. Instead, expect more transactions at slightly lower prices, as sellers finally start to give in to buyer demands to get deals done.

📉 Price Correction Is Coming, but not a crash.

We’re not going to see a 20–30% drop like some are hoping for. That’s not realistic.

✅ More likely: a 3%–5% decrease across most property types.

💥 We’re entering a full-on Buyer’s Market.

• Inventory is up.

• Buyers have the upper hand.

• Sellers are getting flexible.

If you’ve been waiting for the right time to get into the market, Q2 will be it.

Sales Stats: March 2025 by the Numbers

📉 Less Sales Transactions

March 2025 saw a 13.4% decrease in home sales compared to March 2024.
More importantly, this is 36.8% below the 10-year seasonal average.
That means fewer buyers are pulling the trigger, and the market is slowing dramatically.

📈 More Active Listings

Active listings are rising fast—March 2025 saw a 29% increase in listings compared to the same month last year.
Inventory levels are now 15.8% above the 10-year seasonal average, which means more options, more competition among sellers, and more negotiating power for buyers. Full report here.

Rental Market Trends: March 2025

Metro Vancouver’s rental market continues to hold steady—but under the surface, pressure is building.

📈 More Inventory from Unsold Presales

As expected, many pre-sale investors who couldn’t sell their newly completed units are now renting them out, contributing to an increase in rental supply across the region. This is particularly noticeable in Burquitlam, Brentwood, and Surrey, where several large developments have recently been completed.

💸 Rents Holding, But Growth Is Slowing

While rents haven’t dropped dramatically, the pace of rental price growth has slowed. Tenants have more options, and landlords are getting more competitive—offering incentives like free parking, flexible move-in dates, or even discounted rent for longer-term leases.

🧭 Where Renters Can Find Value

Newly Completed Units: Many landlords opt to rent rather than sell at a loss so that renters may find brand-new condos with promotional rates.
Outer Suburbs: Areas like Port Coquitlam, Langley, and Maple Ridge offer better value, especially for larger units or families needing 2-3 bedrooms.

🔍 Investor Insight

If you own a rental property, be proactive. Vacancy equals loss. Make sure your unit is well-presented, competitively priced, and marketed aggressively. If it’s been sitting, you may need to adjust expectations.

The full report can be found here for a detailed breakdown of rental trends.

Key Takeaways: What This Means for You

1️⃣ Buyers

Your window is opening. Inventory is up, and sellers are softening.
Wait for the next interest rate cut, and be ready to act.
The best deals will happen between Q2 and Q3 2025.

2️⃣ Sellers

If you must sell, be realistic. Price competitively or risk being overlooked.
If you can wait, hang on until buyer confidence returns.
Presentation and positioning are more important than ever.

3️⃣ Investors

Skip the hype—this is not the time for risky pre-sale flips.
Focus on turnkey properties or distressed resales where sellers need to move.
Use this time to acquire strategically, not speculatively.

4️⃣ First-time Buyers

Take advantage of federal incentives if they come into play.
There’s more choice, less competition, and better deals on the horizon.

Looking Ahead: A Brighter Future for Vancouver Real Estate

Despite all the current challenges, there’s reason to be optimistic. This market correction isn’t a collapse—it’s a set-up for recovery.

📈 Post-correction, the Vancouver market will bounce back stronger. And both political parties know it. In fact, the Conservative Party’s real estate platform brings some serious perks:

🏠 No GST for first-time homebuyers on properties under $1.3 million.

💸 No capital gains tax on investment properties—as long as that money is reinvested within Canada.

Whether or not these policies pass in full, the message is clear: recovery is coming, and the government knows how critical housing is to our economy.

Personal Assistance

Your Real Estate Journey, Your Way 🤝

Final Thoughts: Action Beats Anxiety

Uncertainty creates hesitation, but it also creates opportunity.

💬 Like I’ve said before:

Pessimistic people are usually right—but they don’t take action. Optimistic people win, because they’re the ones who actually make a move.

If you’re looking to buy, sell, or even just get clarity, don’t go it alone. Be cautious—but act smart. And most importantly, have a good REALTOR® on your side.

☀️ It’s always sunny with me—Jersey Li

Let’s make your next move the right one.

Thank you for joining me on this Real Estate journey,