The Metro Vancouver real estate market is kicking off 2025 with a surge in new listings, as sellers appear eager to enter the market early in the year. According to the latest data from Greater Vancouver REALTORS® (GVR), homes newly listed on the MLS® rose by 46% year-over-year in January.
Market Overview
In January 2025, residential sales in Metro Vancouver reached 1,552, an 8.8% increase from the 1,427 sales recorded in January 2024. While this is 11.3% below the 10-year seasonal average (1,749), the trend suggests that buyer demand remains steady despite rising inventory.
Andrew Lis, GVR’s Director of Economics and Data Analytics, noted:
“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. Even with this increase in new listing activity, sales continue to outpace last year’s figures, signaling some buyer appetite remains after the upswing that finished off 2024.”
Increase in New Listings
- 5,566 detached, attached, and apartment properties were newly listed in January 2025.
- This marks a 46.9% increase from the 3,788 listings in January 2024.
- The number of active listings on MLS® is 11,494, up 33.1% compared to January 2024.
Sales-to-Active Listings Ratio
The January 2025 sales-to-active listings ratio across all property types was 14.1%, indicating a balanced market. Breakdown by property type:
- Detached homes: 9.2%
- Attached homes: 18.5%
- Apartments: 16.5%
Historically, a ratio below 12% for a sustained period leads to downward pressure on prices, while a ratio above 20% indicates upward pressure.
Home Prices and Market Trends
- MLS® Home Price Index benchmark price for all residential properties: $1,173,000
- 0.5% increase from January 2024
- 0.1% increase from December 2024
- Detached Homes:
- Sales: 380 (+0.3% YoY)
- Benchmark price: $2,005,400 (+3.1% YoY, +0.4% MoM)
- Apartments:
- Sales: 846 (+13.4% YoY)
- Benchmark price: $748,100 (-1.7% YoY, -0.2% MoM)
- Townhouses (Attached Homes):
- Sales: 321 (+12.6% YoY)
- Benchmark price: $1,105,600 (+2.7% YoY, -0.8% MoM)
What to Expect Moving Forward
Lis emphasized that price trends remained stable in January, with balanced market conditions across all property types. While moderate price growth is expected in 2025, external economic factors such as potential U.S. tariffs on Canada could impact the market.
“Whether these tariffs actually come into force, the duration they remain in place, and the degree to which Canada retaliates will determine the impact on the housing market in our region,” Lis said.
Conclusion
The Metro Vancouver real estate market is starting strong in 2025, with increased seller activity and a steady level of buyer demand. If you’re considering selling your home, now may be a great time to list, given the active market conditions.
Need Expert Real Estate Guidance?
At Vancouver Property Management (VPM Group RE/MAX), we specialize in helping property owners navigate the market with ease. Contact us today for personalized advice, market insights, and professional property management services.
