Every January, BC homeowners receive their BC Assessment notice—and many assume it reflects what their home is worth today. In reality, BC Assessment value and market value are not the same, and understanding the difference is essential when planning your next move.

What Is BC Assessment?

BC Assessment is used for property tax purposes. Values are based on a July 1 valuation date from the previous year and calculated using broad market data, not current buyer demand or property-specific details.

This means the number you receive in January often reflects past market conditions, not today’s market.

Why BC Assessment ≠ Market Value

Market value is determined by what a buyer is willing to pay right now. It is influenced by:

• Current supply and demand

• Recent comparable sales

• Location and micro-market trends

• Property condition, layout, and upgrades

BC Assessment cannot fully account for these factors.

Why This Matters

For Sellers

Pricing a home based on assessed value can result in overpricing or underpricing. Effective pricing must reflect current market conditions, not tax assessments.

For Buyers

A home priced near assessed value is not automatically a good deal. Market value depends on demand, condition, and competition.

For Planning Ahead

Whether refinancing or considering a future sale, understanding true market value provides clearer financial insight.

When BC Assessment Is Useful

BC Assessment can help identify general trends or changes over time, but it should never be used alone to determine a home’s value.

BC Assessment is a helpful reference, but market value is what truly matters when making real estate decisions. A property’s real worth depends on today’s market, not last year’s data.

Want to know your home’s true market value?

If you’re curious how your property compares to recent sales in your area, you can request a complimentary, no-obligation market assessment tailored to your home and neighbourhood here.

Understanding your value is the first step to making confident real estate decisions.

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, 2023 and 2024 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: The Anna Litvak Joseph Team at BC Prime Realty 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 2020, 2021, 2022, 2023 and 2024, highlighting their excellence as one of the top 10% teams among real estate groups in Greater Vancouver.

The Anna Litvak Joseph Team values diversity and relationship, therefore they follow client- centric approach, making it stress-free journey throughout their real estate experience.

The Anna Litvak Joseph Team 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. 

MEET TEAM MEMBERS

Listings  | Selling a Home  | Home Evaluation  | Moving to BC  | Investors 

Market Statistics  | Customized Market Insights

Metro Vancouver Market Snapshot – December 2025

Metro Vancouver’s housing market stayed quiet in November, with sales well below last year and long-term averages. Many buyers remain cautious and are waiting for more stability, while sellers are adjusting prices to meet current market expectations. With a higher number of homes available, properties are taking longer to sell, and prices have edged down slightly across most categories. These trends point to a softer, slower market as we head into the end of the year.

Detached Homes:

Sales: 541 (down 13.6% from last November)
Benchmark Price: $1,900,600 (down 4.3% year-over-year; down 0.4% from October)
Market Insight: Detached homes are experiencing softer demand, giving buyers more options and negotiating power. Prices have eased slightly as sellers adjust to current conditions.

Townhomes:

Sales: 350 (down 22.4% from last November)
Benchmark Price: $1,065,600 (down 4.4% year-over-year; up 0.1% from October)
Market Insight: Townhomes remain steady in price despite slower sales. Buyers are taking more time to make decisions, and well-priced homes are still attracting interest.

Apartments:

Sales: 945 (down 13.2% from last November)
Benchmark Price: $714,300 (down 5.2% year-over-year; down 0.2% from October)
Market Insight: Condos remain the most active segment. Although sales are lower than last year, pricing has only softened slightly, and demand is holding relatively steady compared to other categories.

The current market is moving at a slower, more balanced pace, with lower sales and higher inventory giving buyers more choice and time to make decisions. Prices have softened slightly, and homes are taking longer to sell, meaning sellers need to price competitively and present their home well to attract interest. For buyers, this environment offers greater negotiating power and less pressure compared to previous years. Overall, it’s a calmer market where realistic expectations and proper strategy are key for both sides.

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, 2023 and 2024 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: The Anna Litvak Joseph Team at BC Prime Realty 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 2020, 2021, 2022, 2023 and 2024, highlighting their excellence as one of the top 10% teams among real estate groups in Greater Vancouver.

The Anna Litvak Joseph Team values diversity and relationship, therefore they follow client- centric approach, making it stress-free journey throughout their real estate experience.

The Anna Litvak Joseph Team 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. 

MEET TEAM MEMBERS

Listings  | Selling a Home  | Home Evaluation  | Moving to BC  | Investors 

Market Statistics  | Customized Market Insights

DATE: DECEMBER 6, 2025 4-8PM

LOCATION: #400, 2963 Glen Dr, Coquitlam, BC V3B 7S6

RSVP Now!

RSVP details are in your inbox — check your email to register

The holiday season gives us the perfect opportunity to pause and celebrate the people who've made our year extraordinary – YOU, our incredible clients. 

The Anna Litvak Joseph Team is hosting Annual Client Appreciation Event, and we'd be honored if you'd join us for an afternoon of gratitude, celebration, and exciting surprises! 

What to Expect:

Your Special Holiday Gift

We've prepared a thoughtful holiday gift for each client. Come pick it up in person – it's a small token that represents our big gratitude.

Professional Family Photography – Complimentary!

Getting professional family photos during the holidays can be stressful and expensive. We're taking care of it for you! A talented photographer will be ready to capture beautiful portraits of your family – perfect for holiday cards, family albums, or framed keepsakes. Bring the whole family, dress festively, and let us handle the rest. Completely complimentary!

 Festive Refreshments

Enjoy delicious seasonal refreshments, warm beverages, and festive treats in a cozy atmosphere. No pressure, no sales pitch – just good company, holiday cheer, and heartfelt appreciation.

 Fairmont Escape Giveaway Draw ✨

We're giving away a $1,000 Weekend Stay at the Fairmont Hotel/ Spa – your chance to relax, recharge, and enjoy a luxury experience you deserve.

How to Enter:
Complete our referral form with the name of someone who might be considering buying or selling real estate in the next 12 months. All contact details must be valid and will be verified before entry. Each referral = one entry. The more referrals, the more chances to win!

All submissions must be completed by December 6, 2025.

The winner will be selected at random and announced publicly.

Good luck!

Submit Referral Here

We can't wait to see you, capture beautiful memories together, and make this holiday season special!

RSVP Now!

RSVP details are in your inbox — check your email to register

While October historically marks the final seasonal push in real estate activity, this year's market showed continued hesitation. Sales remained below 2023 levels and the ten-year average, despite the Bank of Canada's fourth rate cut of the year. What does this mean for you? Let's break it down:

Detached Homes:

Sales: 693 (down 4.3% from last October)
Benchmark Price: $1,916,400 (down 4.3% year-over-year)
Market Insight: The most stable segment. Buyers are active but selective, creating balanced negotiating conditions.

  Apartments / Condos:

Sales: 1,071 (down 23.1% from last October)
Benchmark Price: $718,900 (down 5.1% year-over-year)
Market Insight: Biggest decline means less competition and stronger negotiating power for qualified buyers.

Townhomes / Attached:

Sales: 477  (down 4.8% from last October)

Benchmark Price: $1,066,700 (down 3.8% year-over-year)

Market Insight: The "sweet spot" holding steady—space without the detached price tag keeps demand consistent.

 Overview
Across all property types, the market dynamics have fundamentally shifted in favor of buyers. The urgency that defined recent years—multiple offers, waived conditions, over-asking prices—has given way to a more measured environment. Today's buyers can conduct proper inspections, negotiate terms, and make decisions based on value rather than fear. Whether your goal is a condo, townhouse, or detached home, strategic timing now matters more than speed.

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, 2023 and 2024 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: The Anna Litvak Joseph Team at BC Prime Realty 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 2020, 2021, 2022, 2023 and 2024, highlighting their excellence as one of the top 10% teams among real estate groups in Greater Vancouver.

The Anna Litvak Joseph Team values diversity and relationship, therefore they follow client- centric approach, making it stress-free journey throughout their real estate experience.

The Anna Litvak Joseph Team 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. 

MEET TEAM MEMBERS

Listings  | Selling a Home  | Home Evaluation  | Moving to BC  | Investors 

Market Statistics  | Customized Market Insights

Another Bank of Canada rate cut and easing home prices helped boost buyer confidence this fall. Sales in September edged slightly higher than last year, supported by improved affordability and record-high inventory levels. With borrowing costs easing, the market is showing early signs of stabilization heading into year-end.

Market Overview

Active listings reached 17,079, up 14.4% from last year and sitting 36% higher than the 10-year average, showing plenty of homes for buyers to choose from.

There were 6,527 new listings added in September, an increase of 6.2% year-over-year, keeping inventory levels steady.

The sales-to-active listings ratio sits at 11.3%, indicating a balanced to slightly slower market, where buyers currently have more negotiating power.

Detached Homes:

Sales: 552 (↑ 7% YoY)

Benchmark Price: $1,933,100 (↓ 4.4% YoY, ↓ 0.9% MoM)

Market Insight: More detached homes are moving again as prices soften and rates ease, giving buyers a bit more leverage.

Apartments / Condos:

Sales: 954 (↑ 1.5% YoY)

Benchmark Price: $728,800 (↓ 4.4% YoY, ↓ 0.8% MoM)

Market Insight: Condos remain the most active segment, driven by affordability and first-time buyers returning to the market.

Townhomes / Attached:

Sales: 356 (↓ 5.8% YoY)

Benchmark Price: $1,069,800 (↓ 2.7% YoY, ↓ 0.9% MoM)

Market Insight: Townhomes continue to face moderate demand, with buyers comparing value against larger condos and entry-level detached homes.

What It Means for Buyers & Sellers

Buyers:
With prices easing, more listings, and lower rates, it’s a great time to shop. You have more options, room to negotiate, and improving affordability before competition picks up again.

Sellers:
The market is balanced — pricing right is key. Well-presented, accurately priced homes are still selling as motivated buyers return this fall.

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, 2023 and 2024 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: The Anna Litvak Joseph Team at BC Prime Realty 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 2020, 2021, 2022, 2023 and 2024, highlighting their excellence as one of the top 10% teams among real estate groups in Greater Vancouver.

The Anna Litvak Joseph Team values diversity and relationship, therefore they follow client- centric approach, making it stress-free journey throughout their real estate experience.

The Anna Litvak Joseph Team 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. 

MEET TEAM MEMBERS

Listings  | Selling a Home  | Home Evaluation  | Moving to BC  | Investors 

Market Statistics  | Customized Market Insights

Metro Vancouver Market Update – August 2025

August brought steady activity across Metro Vancouver as both buyers and sellers continued to adjust to evolving market conditions. While home prices eased slightly, sales activity picked up, creating more opportunities for buyers.

Detached Homes

• 575 sales (+13% year-over-year)

• $1,950,300 benchmark price (-4.8% year-over-year)

Apartment Homes

• 956 sales (-5.5% year-over-year)

• $734,400 benchmark price (-4.4% year-over-year)

Townhomes (Attached)

• 409 sales (+10.5% year-over-year)

• $1,079,600 benchmark price (-3.5% year-over-year)

Market Overview

Active listings remain steady at approximately 16,242, giving buyers more selection while helping maintain a balanced pace of sales. With prices softening modestly and sales activity showing resilience, the Metro Vancouver market continues to move toward a healthier balance as buyer and seller expectations align.

What This Means for Buyers

With more listings on the market and prices easing slightly, buyers have greater choice and less pressure compared to last year. The modest dip in benchmark prices, especially in detached homes and townhomes, may create opportunities to purchase at more favorable terms. However, well-priced homes are still moving quickly, so being prepared with financing and a clear strategy is key.

What This Means for Sellers

For sellers, the market is still active with steady sales, but buyers are more price-sensitive. Homes that are well-presented, accurately priced, and marketed effectively are attracting strong interest. The good news: increased sales activity shows that motivated buyers are out there, especially for detached homes and townhomes, which saw notable year-over-year sales growth.

If June gave us a hint that the Metro Vancouver market was finding its footing again, then July just confirmed it—sales activity is picking up, and signs of a rebound are becoming clearer. With the Bank of Canada holding steady on interest rates last month, there’s been a boost in confidence for both buyers and sellers. In a time when global uncertainty (hello, trade talks!) still lingers, stable borrowing conditions are a welcome relief.

Let’s dive into what the latest July numbers tell us:

Detached Homes

• Sales: 660 homes sold
  ⬇️ Down 4.1% from July 2024 (688 sales)

• Price: Benchmark at $1,974,400
  ⬇️ Down 3.6% year-over-year
  ⬇️ Down 1% from June 2025

Detached home sales softened slightly, but pricing remains relatively stable. If you’re a buyer waiting for more breathing room, this could be your moment.

Apartments / Condos

• Sales: 1,158 sold
  ⬇️ Down 2.9% year-over-year

• Price: Benchmark at $743,700
  ⬇️ Down 3.2% annually
  ⬇️ Down 0.6% from June

While sales dipped slightly, apartment homes remain a hot segment thanks to their accessibility and lifestyle appeal—especially for first-time buyers and investors.

Attached / Townhomes

• Sales: 459 homes sold
  ⬆️ Up 5% from July 2024

• Price: Benchmark at $1,099,200
  ⬇️ Down 2.3% year-over-year
  ⬇️ Down 0.4% from June

Townhomes are showing the strongest momentum, with sales climbing and prices holding relatively firm. Families and upsizers are clearly on the move!

Inventory & Buyer Outlook

With around 17,000 homes currently listed across the region, buyers still have a strong selection to choose from. Balanced inventory is helping to temper price growth, at least for now.

But here’s the key: if demand keeps rising and listings don’t keep up, we could be heading into a more competitive market—with sellers gaining back some leverage.

What This Means for You

✅ Buyers: Now is a great time to act—prices are steady, selection is solid, and borrowing conditions are stable.

✅ Sellers: If you’ve been waiting for the right time to list, keep a close eye on inventory. The balance is shifting, and you may soon be in a stronger position.

Have questions or want to explore your next move?
Let’s connect! Whether you’re buying, selling, or investing, we’ll guide you through every step with clarity and confidence.

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, 2023 and 2024 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: The Anna Litvak Joseph Team at BC Prime Realty 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 2020, 2021, 2022, 2023 and 2024, highlighting their excellence as one of the top 10% teams among real estate groups in Greater Vancouver.

The Anna Litvak Joseph Team values diversity and relationship, therefore they follow client- centric approach, making it stress-free journey throughout their real estate experience.

The Anna Litvak Joseph Team 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. 

MEET TEAM MEMBERS

Listings  | Selling a Home  | Home Evaluation  | Moving to BC  | Investors 

Market Statistics  | Customized Market Insights

After a rocky start to the year, Metro Vancouver* home sales recorded through the MLS® are beginning to show signs of a rebound. Sales were down 10% compared to the same time last year — a notable improvement from the sharper decline seen in May. The data suggests that the market may be turning a corner, with the pace of year-over-year declines easing significantly. If this upward momentum holds, we could soon see sales surpass last year’s levels, signaling a potential shift toward stronger demand after an unusually slow first half of the year.

Detached Home Sales- In June 2025, there were 657 detached home sales—a 5.3% drop from the 694 sales recorded in June 2024. The benchmark price for a detached home now stands at $1,994,500, reflecting a 3.2% decline compared to the same month last year.

Apartment Home Sales- In June 2025, apartment home sales totaled 1,040 — down 16.5% from the 1,245 sales recorded in June 2024. The benchmark price for an apartment now sits at $748,400, marking a 3.2% decline compared to the same time last year.

Attached Home Sales- In June 2025, attached home sales reached 473, marking a 3.7% increase from the 456 sales recorded in June 2024. The benchmark price for a townhouse is $1,103,900, reflecting a 3% decrease compared to the same period last year.

Interested to discuss the current market situation, have some questions?

Wondering if its a good time to sell and buy? Looking for investment opportunity in a real estate market and want to hear pros and cons, lets discuss all the available options. 

Please contact us today at 604-442-9422

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: The Anna Litvak Joseph Team at BC Prime Realty 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 2020, 2021, 2022, 2023 and 2024, highlighting their excellence as one of the top 10% teams among real estate groups in Greater Vancouver.

The Anna Litvak Joseph Team values diversity and relationship, therefore they follow client- centric approach, making it stress-free journey throughout their real estate experience.

The Anna Litvak Joseph Team 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. 

MEET TEAM MEMBERS

Listings  | Selling a Home  | Home Evaluation  | Moving to BC  | Investors 

Market Statistics  | Customized Market Insights

COMPLETED. APPROVED. CLOSED.
THE Anna Litvak Joseph TEAM at BC Prime Realty Closes Another Successful Court-Ordered Sale in Burnaby

We’re thrilled to announce the successful sale of a court-ordered property in Burnaby, where our team proudly represented the bank in a competitive process.

At BC Prime Realty, we specialize in court-ordered sales, foreclosures, and distressed property transactions across Greater Vancouver and the Lower Mainland. These types of transactions require a unique level of expertise, strategic negotiation, and precise knowledge of court procedures—and that’s exactly what we bring to every client we represent.

What is a Court-Ordered Sale?

A court-ordered sale is typically initiated when a lender or creditor seeks to recover losses due to a defaulted mortgage or unpaid debt. The property is sold under court supervision, and the process follows strict legal protocols—including a final approval by a judge in open court. While these sales often present excellent value, they also require an experienced realtor who understands the nuances and timelines involved.

Why Work with BC Prime Real Estate for Foreclosures?

At BC Prime Realty, we’re not just realtors—we’re specialists in court order listings. We help both buyers and sellers navigate the complexities of these deals while minimizing risk and maximizing opportunity.

Our team has:

Deep expertise in legal processes for foreclosure and court-ordered sales
Strong relationships with banks, lenders, and legal professionals
Proven negotiation strategies for court-date bidding scenarios
A track record of helping buyers secure below-market properties
Guidance for investors looking for distressed or value-add real estate

Is Buying a Foreclosure Right for You?

Before diving into this niche market, consider these pros and cons:

Pros

• Below Market Value: Great potential for buying at a discount

• Investment Opportunity: Add value through renovations or resale

• Equity Growth: Build long-term wealth through strategic purchases

• Renovation Freedom: Customize the property to your taste or goals

Cons

• "As-Is" Condition: Limited ability to negotiate repairs or upgrades

• Restricted Access: Viewings and inspections may be limited

• Court Timelines: Longer process due to legal steps and court approval

• Competitive Court Bidding: Properties can attract multiple offers on court day

Ready to Explore Foreclosure Opportunities?

Whether you’re a first-time buyer looking for affordability or an investor seeking your next big win, THE Anna Litvak Joseph TEAM at BC Prime Realty can help you unlock the full potential of the foreclosure market in Vancouver, Burnaby, Coquitlam, Langley, and beyond.

Let’s talk about how to strategically approach a court-ordered purchase—or how we can help banks and lenders with efficient, results-driven sales.

Foreclosure Alerts – Be the First to Know

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: THE Anna Litvak Joseph TEAM at BC Prime Realty 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.

THE Anna Litvak Joseph TEAM at BC Prime Realty values diversity and relationship, therefore they follow client- centric approach, making it stress-free journey throughout their real estate experience.

THE Anna Litvak Joseph TEAM at BC Prime Realty 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. 

MEET TEAM MEMBERS

Listings  | Selling a Home  | Home Evaluation  | Moving to BC  | Investors 

Market Statistics  | Customized Market Insights

In May, housing inventory across Metro Vancouver climbed to its highest point in a decade, yet MLS® home sales continued to show subdued activity. Although there are early signs of renewed buyer interest, sales remained below the ten-year seasonal average—indicating that many buyers are either still waiting on the sidelines or being highly selective in today’s market. Looking at the year so far, 2025 has recorded one of the slowest sales starts of the past ten years, tracking closely with the patterns seen in 2019 and early 2020. Notably, sales surged in the second half of 2020—but whether 2025 will follow suit is still uncertain.

Detached Home Sales- In May 2025, a total of 654 detached homes were sold, marking a 22.7% drop compared to the 846 sales recorded in May 2024. The benchmark price for a detached home now sits at $1,997,400 — down 3.2% year-over-year and 1.2% from April 2025.

Apartment Home Sales- Apartment home sales totaled 1,087 in May 2025, reflecting an 18.8% decline from the 1,338 sales recorded in May 2024. The benchmark price for an apartment is now $757,300 — down 2.4% year-over-year and 0.7% from April 2025.

Attached Home Sales- Sales of attached homes in May 2025 reached 469, marking a 10.3% decline from the 523 units sold in May 2024. The benchmark price for a townhouse stands at $1,106,800 — down 3.4% year-over-year but showing a slight 0.4% uptick from April 2025.

Interested to discuss the current market situation, have some questions?

Wondering if its a good time to sell and buy? Looking for investment opportunity in a real estate market and want to hear pros and cons, lets discuss all the available options. 

Please contact us today at 604-442-9422

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. 

MEET TEAM MEMBERS

Listings  | Selling a Home  | Home Evaluation  | Moving to BC  | Investors 

Market Statistics  | Customized Market Insights

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.

Interested to discuss the current market situation, have some questions?

Wondering if its a good time to sell and buy? Looking for investment opportunity in a real estate market and want to hear pros and cons, lets discuss all the available options. 

Please contact us today at 604-442-9422

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. 

MEET TEAM MEMBERS

Listings  | Selling a Home  | Home Evaluation  | Moving to BC  | Investors 

Market Statistics  | Customized Market Insights

Home sales recorded on the MLS® in Metro Vancouver for March reached their lowest level for the month since 2019, while active listings continued their steady upward trend. 

Putting aside the political and economic uncertainty surrounding the new U.S. administration, buyers in Metro Vancouver are experiencing some of the most favorable market conditions seen in years.

Home prices have come down from recent peaks, mortgage rates remain near historic lows, and active listings on the MLS® are at their highest levels in nearly a decade. While sellers seem prepared and motivated, buyer activity has yet to reach the levels we usually expect for this time of year.

Detached Home Sales- In March 2025, sales of detached homes in Metro Vancouver totaled 527, marking a 24.1% drop from the 694 sales recorded in March 2024. Despite the decline in sales, the benchmark price for a detached home rose to $2,034,400, reflecting a 0.8% increase year-over-year and a 0.4% rise compared to February 2025.

Apartment Home Sales- Apartment home sales reached 1,084 in March 2025, down 10.2% from the 1,207 units sold in the same month last year. The benchmark price for an apartment is now $767,300, which is a 0.9% decrease from March 2024, but a 1% increase month-over-month.

Attached Home Sales- Townhouse (attached home) sales came in at 472 for March 2025, representing a 4.6% decline from the 495 sales recorded in March 2024. The benchmark price for a townhouse is currently $1,113,100, showing a 0.8% decrease compared to the same month last year, and a 0.2% increase from February 2025.

Interested to discuss the current market situation, have some questions?

Wondering if its a good time to sell and buy? Looking for investment opportunity in a real estate market and want to hear pros and cons, lets discuss all the available options. 

Please contact us today at 604-442-9422

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. 

MEET TEAM MEMBERS

Listings  | Selling a Home  | Home Evaluation  | Moving to BC  | Investors 

Market Statistics  | Customized Market Insights