March 2025 Vancouver Market Update
Kyle Mark *PREC
· 3 min read
Written in March 2025. Some details have changed since, so check current numbers before you act on this.
Vancouver Real Estate Update: Inventory Climbs, Buyers Gain Leverage
Buyers gained real leverage in Vancouver in early 2025, because listings kept piling up and rate cuts were on the way. Greater Vancouver REALTORS® reported a 46 per cent year-over-year increase in new listings in January 2025, and February continued the trend of rising inventory levels, giving buyers more options than they've had in years. While the market remains in flux, all eyes are on the upcoming Bank of Canada rate announcement, which could be a game-changer for affordability and demand.
So, what does this mean for buyers and sellers? Let’s break down the key data points, hot markets, and the best opportunities in Vancouver real estate right now.
📊 February 2025 Market Snapshot
✅ Total Active Listings: 12,744 in February 2025, a 32.3% increase year over year, per Greater Vancouver REALTORS® ✅ Benchmark Home Price: $1,185,100, a 0.3% increase year over year on the board's corrected February 2025 figures ✅ Home Sales: Slightly below the 10-year seasonal average ✅ Interest Rate Cuts: Expected in mid-March, potentially improving affordability
The current numbers for your neighbourhood and price band are in the Kyle Mark Report, free with an account.
"Home buyers may find slightly improved borrowing conditions while enjoying the largest selection of homes on the market since pre-pandemic times." — Andrew Lis, Economist, Greater Vancouver REALTORS®
For the first time in years, buyers have leverage. The combination of increasing inventory and anticipated rate cuts could create the perfect storm for strategic purchases. But where are the best deals? Let’s take a closer look.
🔥 Where were the best deals in Vancouver in early 2025?
📍 Downtown Vancouver
🏡 Market Condition: Buyer’s Market
💰 Best Buyer Deals: The upper price bands, where very few listings were selling
Key Takeaway: Coal Harbour is seeing major price drops—buyers looking for luxury at a discount should move fast.
📍 Vancouver West Side
🏠 Market Condition: Extreme Buyer’s Market
💰 Best Deals: The very top of the market in Cambie, Shaughnessy, & South Granville
Key Takeaway: If you’re shopping in the ultra-luxury space, these neighborhoods offer rare buying opportunities at significantly reduced prices.
📍 Vancouver East Side
🏡 Market Condition: Balanced Market, with inventory rising
💰 Best Buyer Deals: The upper price bands in Collingwood, Fraser View, & Knight Road
Key Takeaway: More choices and negotiation power for buyers—expect good deals but also competition in sought-after areas.
🔑 Where Sellers Have the Advantage
Not all markets are slowing down. Some neighborhoods continue to see strong demand, creating prime opportunities for sellers to list while competition remains high.
🏙 Downtown Vancouver: West End & Yaletown → One-bedroom condos are moving quickly.
🌆 Vancouver East Side: Champlain Heights, Hastings, & Knight Road → High demand for 2-3 bedroom homes.
📍 Vancouver West Side: Mount Pleasant, Kitsilano, & Fairview → Strong seller’s market for townhomes.
Key Takeaway for Sellers: If your property is in a high-demand area, now is the time to list before more inventory hits the market.
Curious where yours stands? Start with What's my home worth?
💡 What This Means for You
✅ For Buyers: More inventory means more negotiating power. If you’re financing, locking in a deal before rates drop could give you an edge before competition spikes.
✅ For Sellers: If your home is in a seller’s market (West End, Kitsilano, Mount Pleasant), now is the time to capitalize on demand.
Buying with a mortgage? Run your payment through the mortgage calculator before you write an offer.
🚀 Want Personalized Insights?
Every real estate move should be strategic. Whether you're looking to buy, sell, or invest, having the right information and guidance is crucial.
📞 Book a free strategy session today → Schedule a Call
With inventory shifting and market dynamics evolving, now is the time to make your move in Vancouver real estate.
NOTE: this representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assume no responsibility for its accuracy.
