Metro Vancouver's real estate market begins 2025 amid economic crosswinds. While January saw a historic surge in new listings - up 46.9% from last year - the broader economic picture remains complex. With US-Canada trade tensions mounting and potential tariffs looming, market participants are navigating unprecedented uncertainty.
Despite these headwinds, local market activity shows resilience. Sales increased 8.8% from January 2024, though still trending below historical averages. The benchmark price held relatively stable at $1,173,000, showing a modest 0.5% year-over-year increase.
Current market conditions suggest a window of opportunity, particularly for buyers, with inventory reaching levels not seen since 2014. Uncertain economic times mean smart real estate decisions matter more than ever. Whether you're thinking of buying or selling, let's talk about how to make the current market work for you.
Let's make this market work for you—let’s talk!
Just steps from Artisan Square, this charming Bowen Island home offers stunning mountain views and a warm, European-inspired feel. Featuring fir flooring, a wood-burning fireplace, and an open-concept living area with a view-filled patio, it’s the perfect island retreat. A private guest suite adds great income potential—all just 20 minutes from the mainland!
3 Beds | 3 Baths | 2,381 Sq. Ft. | Built 1997
Nestled at the head of Lighthouse Park, this stunning 3-bed, 2-bath home has been thoughtfully renovated, blending modern amenities with a charming cottage feel. Enjoy a spacious 2,049 sq. ft. layout, a sunny south-facing deck, and the serenity of a park-like setting. With a potential coach house and close proximity to the bus stop, this property offers both privacy and convenience.
3 Beds | 2 Baths | 2,049 Sq. Ft. | Built 1949 |
The looming US tariffs could reshape our local real estate landscape in several ways. While BC's diverse economy may provide some buffer compared to other provinces, our housing market won't be immune to these changes. Construction costs for new homes and renovations could rise sharply as building material prices increase, potentially limiting new housing supply.
However, there's a potential silver lining: if economic pressures mount, the Bank of Canada might respond with further rate cuts. While these adjustments typically take months to impact the housing market, they could create strategic opportunities for prepared buyers before competition intensifies.
Let’s discuss how these changes impact your real estate plans! Contact us here!
Lonsdale Quay Night Market
Every Friday evening in February Experience the North Shore's vibrant community spirit at this weekly gathering of local artisans and food vendors. A perfect winter evening out with stunning harbour views and indoor/outdoor spaces.
Vancouver International Wine Festival (February 23–March 1)
One of North America's premier wine events returns to Vancouver, with several North Shore venues participating. This year's festival offers an exceptional opportunity to experience global wines while supporting local establishments.
More Choices, More Opportunities
With the most homes on the market since 2014 and steady prices, this could be your moment. Buyers have room to negotiate, while sellers who price strategically are finding success.
Curious about what's possible in today's market? Contact us!
