Home sales across Metro Vancouver, as recorded on the MLS®, continued to decline in April, extending the slowdown that began earlier this year. Sales dropped nearly 24% compared to the same time last year. Historically, this level of slowdown is unusual—especially given that borrowing conditions have improved significantly, which would normally stimulate market activity. Adding to the uncertainty are broader economic and political concerns: Canada’s biggest trading partner is adopting trade policies that could push the economy toward recession, and a federal election is on the horizon. These factors appear to be weighing heavily on buyer sentiment, with many opting to remain on the sidelines for now.
Detached Home Sales- In April 2025, there were 578 detached home sales—marking a 29% decline from the 814 sales recorded in April 2024. The benchmark price for a detached home now stands at $2,021,800, reflecting a 0.7% decrease year-over-year and a 0.6% dip compared to March 2025.
Apartment Home Sales- In April 2025, apartment home sales totaled 1,130 — a 20.2% drop from the 1,416 units sold in April 2024. The benchmark price for an apartment home is now $762,800, down 2% year-over-year and 0.6% from March 2025.
Attached Home Sales- Sales of attached homes in April 2025 reached 442, representing a 23.8% decline from the 580 sales recorded in April 2024. The benchmark price for a townhouse is now $1,102,300 — down 2.9% year-over-year and 1% compared to March 2025.
While recent headlines may feel uncertain, there are encouraging signs in today’s real estate market — especially for buyers. Inventory has surpassed 16,000 for the first time since 2014, home prices have remained steady in recent months, and borrowing costs are at some of the lowest levels we’ve seen in years. With balanced market conditions overall, it’s a great time for buyers to explore their options and make confident moves.
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ABOUT ANNA LITVAK JOSEPH
Anna is a licensed REALTOR® based in Greater Vancouver and providing trading real estate services across Metro Vancouver, Greater Vancouver, Fraser Valley & Kelowna. Anna has an impressive track record and a wealth of experience in all the aspects of the real estate industry. As a full-time REALTOR®, Anna is dedicated to providing her clients with top-notch service, expert advice, and outstanding results in their real estate transactions. Anna emphasizes the importance of building valuable relationships and ensuring client satisfaction from the initial thoughts of making a move and through the home ownership journey. Her customer-centric approach is fundamental to her business philosophy.
With over 15 years of sales experience & entrepreneurship, Anna brings a high level of professionalism, customer service, and integrity to her real estate career. Anna’s outstanding performance in real estate is underscored by her impressive achievements. She qualified as a Medallion Club Member in 2018, 2019, 2020, 2021, 2022, and 2023 placing her among the top 10% of real estate agents in Greater Vancouver. Anna has worked hard to gain numerous 5 star testimonials, and is being featured in several publications year over year, including Vancouver Excellence in Real Estate, Top agent Magazines, and more. Anna is also highly ranked in multiple cities across RATE-MY-AGENT.
Anna’s professionalism, expertise and knowledge is the reason why the majority of her business today consists of referral or repeat customers.
About the team: BC PRIME REALTY GROUP is a full-service real estate team that has grown over the years to a trusted brand that provides service to thousands of happy buyers and sellers.
Their dedication has been acknowledged with the prestigious Medallion Club award in 2023, highlighting their excellence as one of the top 10% teams among real estate groups in Greater Vancouver.
BC PRIME REALTY GROUP values diversity and relationship, therefore they follow client- centric approach, making it stress-free journey throughout their real estate experience.
BC PRIME GROUP is truly passionate about their mission of deliver excellence in Real Estate by building long term relationships. Their professionalism, expertise and knowledge is the reason why the majority of their business consists of referral or repeat customers.
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