Metro Vancouver Real Estate Market Insights: Stats Centre Reports - June 2025

Jersey Li
Jun 6
4 min read

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

Stats Centre Reports - June 2025

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

The Rate Hold Is Here—Now What?

Your Metro Vancouver Real Estate Market Insights are here.

If you’re still waiting for interest rate cuts to rescue the real estate market, it’s time to wake up. The Bank of Canada held rates steady on June 4, and all signs point to the reality that April’s cut may have been the last for a while.

Watch Full Video Here

Jersey’s Market Prediction

📉 Welcome to the New Normal

The truth is: this is no longer a market for the passive or over-leveraged. As of June 2025, the signs of a long-term slowdown are everywhere. And they’re not going away overnight.

Canada’s rate holds signals that economic fragility remains, and future cuts will only come if things get worse.
The boomer-era housing boom is done, and the next demand wave won’t come until Gen Z matures, which may be years away.
Immigration caps and policy uncertainty continue to mute demand.

That means we’re heading into a market defined by:

Fewer sales.
Flat-to-declining prices.
Buyers are in full control.

We’re no longer in the era of “hold and wait for prices to come back.” This is the time to deleverage, stay lean, and focus on fundamentals. Those who adapt will survive and thrive — the rest will be phased out.

Jersey’s Advice for Sellers

🏷️ Face the Market, Not Your Memories

It’s tough to say, but it’s true: your home’s 2022 value is gone, and it’s not coming back anytime soon.If you’re still waiting for a better offer that may never come, you could be sitting on a depreciating asset while others cut, sell, and move on. The sellers who price sharply today will walk away with a deal. Those who don’t will sit through another summer of price reductions and frustration.💬 My advice?

If you need to sell: do it now, price competitively, and act with urgency
If you’re just testing the market: reconsider. This is not a test-the-waters season

Don’t cling to yesterday’s peak — this is a different market now.

Jersey’s Advice for Buyers

🧠 Caution + Boldness = Opportunity

Yes, this is a buyer’s market — but don’t confuse that with being careless. The key now is to choose wisely, act decisively, and avoid the trap of waiting forever for the “perfect time.”

📉 Prices are flattening

🏠 Inventory is high

💰 Sellers are more negotiable than ever

That means you can:

Explore broadly
Negotiate with confidence
Secure properties with long-term upside, not short-term hype

But remember — not everything is a deal just because the market is soft. Avoid overpaying for poorly maintained listings or buying into uncertain developments. This is a time to work with a sharp, experienced buyer’s agent (you know where to find me 😉).

Sales Stats

📊 May 2025 Market Stats

While official May data is still finalizing, the trajectory is clear: sales volume remains low, inventory remains high, and pricing remains under pressure.

Market Indicators (April 2025 – most recent available):

• Residential Sales: 2,163 (⬇ 23.6% YoY, ⬇ 28.2% below 10-year average)

• New Listings: 6,850 (⬇ 3.4% YoY, but ⬆ 19.5% above 10-year average)

• Total Active Listings: 16,207 (⬆ 29.7% YoY)

• Sales-to-Active Listings Ratio:

- Detached: 9.9%

- Townhomes: 17.5%

- Apartments: 15.7%

📉 Benchmark Price Trends (Month-over-Month):

Detached: $2,021,800 (⬇ 0.6%)
Townhouse: $1,102,300 (⬇ 1.0%)
Apartment: $762,800 (⬇ 0.6%)

📌 Detached homes are firmly in buyer’s market territory, and the rest of the market is balanced but sliding. The full report is here.

Rental Market Trends

🏙️ June 2025

While resale activity slows, Metro Vancouver’s rental market is holding steady — but not heating up. Here’s what we’re seeing:

Average rent for a 1-bedroom in Burnaby: $2,545/month
Average rent in Vancouver: $2,532/month
Richmond and Coquitlam are offering more competitive rates between $2,250–$2,400/month

🎯 Why rent isn’t rising quickly:

Supply has increased, particularly from unsold presale units now being listed as rentals.
Demand is solid but not surging, as many renters are stretching their budgets and are hesitant to upgrade.

💬 For renters: You now have more choices and slightly more negotiating room, especially in older or less central units.

💬 For landlords/investors: Focus on unit presentation and pricing accuracy. The market is no longer forgiving of overpriced or poorly marketed rentals.

For a detailed breakdown of rental trends, the full report can be found here.

Final Takeaways

🔑 Read the Room, Adjust Accordingly

The June 4 interest rate hold should be your signal that this is not a temporary pause — it’s the start of a new cycle. One where survival and strategy matter more than ever.

📉 Stop expecting the market to bounce back quickly.

📈 Start thinking in 3–5 year plans, not 3–5 month turnarounds.

✔️ Sellers: Price to sell or be prepared to wait — a long time

✔️ Buyers: You have control — but act strategically, not emotionally

✔️ Agents, Developers, Landlords: Get lean, stay focused, and adapt fast