residentexperts
✨April Stats✨
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Spring market full of opportunities for buyers 📈
The slowdown in home sales registered on the MLS in Metro Vancouver that began early this year continued in April, with sales down nearly 24% year-over-year.
“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. 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.” Andrew Lis, GVR director of economics and data analytics
With inventory at its highest levels since 2014, stable prices, and the lowest borrowing costs in years, today’s balanced market presents strong opportunities for buyers. Despite the negative headlines, there are meaningful positives worth highlighting- especially for those looking to purchase.
✨DETACHED SALES:
Dropped 29% year-over-year, with a benchmark price of $2,021,800—down 0.7% from April 2024 and 0.6% from March 2025.
✨APARTMENT SALES:
Dropped 20.2% year-over-year, with a benchmark price of $762,800—down 2% from April 2024 and 0.6% from March 2025.
✨ATTACHED SALES:
Dropped 23.8% year-over-year, with a benchmark price of $1,102,300—down 2.9% from April 2024 and 1% from March 2025.
🏡 Want to know more about your specific hood?
Check out our latest blog post (link in bio) for a deep dive into current trends and sales data across key neighborhoods. We’re committed to sharing clear, neighborhood-specific insights to help you stay informed and confident in your real estate decisions.
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