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

After a 46% year-over-year surge in new listings in January, Metro Vancouver’s MLS® saw a more moderate increase in February, keeping market conditions balanced.

Following January's surge in new listings, February saw home sales and new listings align more closely with historical averages, keeping the market in balanced conditions.

With a possible Bank of Canada rate cut expected in mid-March, homebuyers could see better borrowing conditions while benefiting from the widest selection of homes available since before the pandemic.

Detached Home Sales- in February 2025, 477 detached homes were sold, reflecting a 14.8% decline from the 560 sales in February 2024. The benchmark price for a detached home now stands at $2,006,100. This marks a 1.8% increase from February 2024 and remains nearly unchanged from January 2025.

Apartment Home Sales- in February 2025, 976 apartment homes were sold, down 10.6% from 1,092 sales in February 2024. The benchmark price sits at $747,500, reflecting a 2.8% decline from February 2024 and a slight 0.1% drop from January 2025.

Attached Home Sales- in February 2025, 359 attached homes were sold, marking a 10.9% decline from 403 sales in February 2024. The benchmark price for a townhouse is $1,087,100, down 1.2% year-over-year and 1.7% from January 2025.

In a balanced market, prices tend to stabilize, and we've seen a steady trend across all property types in recent months. However, with the spring season approaching, it will be intriguing to see if buyers take advantage of the favorable market conditions and if sellers become more open to listing their properties.

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 

Strong Start for Home Sellers in 2025
New MLS® listings in Metro Vancouver surged by 46% in January compared to last year, signaling a busy start as sellers actively enter the market. Over the past three months leading up to January, buyer demand has been building. However, as the New Year begins, the focus seems to be shifting toward sellers.

With new listings outpacing buyer demand, home prices remained stable across all segments in January, maintaining a balanced market. While there is an anticipation for moderate price growth by year-end, economic uncertainties—such as possible U.S. tariffs on Canada—could affect these expectations. 

Detached Home Sales- In January 2025, 380 detached homes were sold, marking a slight 0.3% increase from the 379 sales recorded in January 2024. The benchmark price for a detached home now stands at $2,005,400, reflecting a 3.1% rise year-over-year and a 0.4% increase from December 2024.

Apartment Home Sales-In January 2025, sales of apartment homes totaled 846, marking a 13.4% increase from the 746 units sold in January 2024. The benchmark price for an apartment home is now $748,100, reflecting a 1.7% decline year-over-year and a 0.2% decrease from December 2024.

Attached Home Sales- In January 2025, attached home sales reached 321, marking a 12.6% increase from the 285 sales recorded in January 2024. The benchmark price for a townhouse is now $1,105,600, reflecting a 2.7% rise year-over-year and a 0.8% decline from December 2024.

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 

The Royal LePage® Awards and Recognition Program includes production awards at both the national and provincial/regional levels, along with additional special honors designated by Royal LePage Canada.

I am deeply honored and grateful to have received this prestigious award. This recognition is a testament to the trust and support of my incredible clients, the collaboration of my colleagues, and the unwavering encouragement from my family and friends. I am committed to continuing to provide exceptional service, and this award inspires me to reach even greater heights in helping my clients achieve their real estate dreams.

This recognition reflects the hard work, dedication, and passion that each member of our team brought to a truly dynamic year. Together, we navigated challenges, embraced opportunities, and celebrated outstanding results, all while staying focused on delivering exceptional service to our clients.

This achievement wouldn’t have been possible without the trust of our amazing clients and the support of our families and colleagues. Here’s to continuing to grow, learn, and achieve even greater milestones in the future—together! Thank you for being part of our journey.

During the holiday season, home sales recorded on the Multiple Listing Service® (MLS®) in Metro Vancouver increased by over 30% in December compared to the previous year, indicating strengthening demand-side momentum as 2024 came to a close.

Reflecting on 2024, the year can best be described as a pivotal moment for the market, following the dramatic mortgage rate increases of previous years. With borrowing costs steadily declining, buyers are returning in greater numbers after a brief hiatus—renewed activity is now evident in the latest monthly data. The total number of properties listed last year was 5.7% higher than the region's 10-year annual average.

Detached Home Sales- In December 2024, sales of detached homes reached 494, marking a 31.4% increase from the 376 sales recorded in December 2023. The benchmark price for a detached home is $1,997,000, reflecting a 2% increase from December 2023 and remaining nearly unchanged from November 2024.

Apartment Home Sales- In December 2024, apartment home sales totaled 891, a 23.9% increase from the 719 sales in December 2023. The benchmark price for an apartment home is $749,900, reflecting a 0.1% decrease from December 2023 and a 0.4% decrease from November 2024.

Attached Home Sales- In December 2024, attached home sales reached 371, a 55.9% increase from the 238 sales recorded in December 2023. The benchmark price for a townhouse is $1,114,600, reflecting a 3.4% increase from December 2023 and a 0.3% decrease from November 2024.

Sales activity started slowly in 2024, but prices rose early in the year before leveling off. Most market segments saw modest year-over-year gains, except apartments, which remained flat. Strong year-end data suggests the 2025 market is poised for increased activity.

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 

Less Competition: In many areas, the demand for homes tends to decrease in the winter compared to the spring and summer months. With fewer buyers actively looking for homes, there’s less competition for the same properties. This can translate into more negotiating power for buyers and potentially better deals.

Motivated Sellers: Sellers who have their homes on the market in the winter may be more motivated to sell. They might be relocating for work, dealing with a change in their family situation, or looking to sell before the end of the year. This motivation can lead to more flexibility in negotiations and a willingness to consider reasonable offers.

Price Reductions: Homes that were listed during the peak selling season of spring and early summer but didn’t sell may have price reductions in the winter. Sellers who have had their homes on the market for several months may be more willing to lower their asking prices to attract buyers.

Access to Professionals: Real estate professionals, such as real estate agents and mortgage lenders, tend to have fewer clients and are less busy in the winter. This means they can provide more personalized attention to your home-buying needs, answer your questions, and help you navigate the process more effectively.

Accurate Home Inspection: Winter weather can be advantageous for a home inspection. Cooler temperatures can reveal issues like heating system problems, while rain can help identify any potential roof leaks. Inspecting a home in various weather conditions can give you a more accurate picture of its condition.

School Considerations: Families with school-age children often aim to move during the summer months to minimize disruptions to their children’s education. In the winter, you may find fewer families competing for homes, which could lead to better choices and prices.

Year-End Tax Benefits: Buying a home in the winter can provide potential year-end tax benefits. You may be able to deduct mortgage interest, property taxes, and other homeownership-related expenses when you file your taxes for that year.

Better Knowledge of the Neighborhood: During the winter, you can get a better sense of what the neighborhood is like as you see how it transforms with the changing season. You can observe factors like traffic patterns, neighbor interactions, and the condition of nearby properties.

It’s essential to keep in mind that the housing market can vary significantly depending on your location and the overall economic conditions. While winter can offer advantages for buyers, it’s crucial to work with a qualified real estate agent who understands the local market dynamics and can help you make informed decisions about your home purchase.

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 

Metro Vancouver home sales saw a significant boost in October, jumping over 30 percent compared to the same time last year. Mortgage rate reductions typically drive up demand, and October’s strong sales figures indicate that buyers may be starting to take advantage of lower borrowing costs after months of hesitation. With four consecutive rate cuts from the Bank of Canada—and potentially more on the way—it was only a matter of time before renewed signs of demand strength began to emerge

Detached Home Sales- In October 2024, sales of detached homes reached 724, marking a 25.5% rise from the 577 detached sales recorded in October 2023. The benchmark price for a detached home now stands at $2,002,900.

Apartment Home Sales- In October 2024, sales reached 1,393, a 33.4% increase from the 1,044 sales recorded in October 2023. The benchmark price for an apartment home is currently $757,200.

Attached Home Sales- In October 2024, sales reached 501, marking a 40.7% rise from the 356 sales in October 2023. The benchmark price for a townhouse is now $1,108,800.

Recent trends indicate that the market has remained relatively balanced, with prices softening in recent months. However, with the recent rise in sales, the attached and apartment markets are now shifting toward a seller’s market, with the detached sector not far behind. This suggests that the period of price stabilization may be coming to a close.

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 dropped by 3.8% in September compared to the previous year, indicating that recent cuts in borrowing costs have had a limited impact on boosting demand so far. Although September sales are slightly below expectations, this year’s sales could still surpass those of 2023.

Detached Home Sales- In September 2024, sales of detached homes totaled 516, marking a 9.8% decline from the 572 sales recorded in September 2023. The benchmark price for a detached home is now $2,022,200, reflecting a 0.5% increase from September 2023 but a 1.3% decrease compared to August 2024.

Apartment Home Sales- in September 2024 totaled 940, reflecting a 4.9% decline from the 988 sales in September 2023. The benchmark price for an apartment is $762,000, showing a 0.8% drop from September 2023 and another 0.8% decrease compared to August 2024.

Attached Home Sales- In September 2024, attached home sales reached 378, a 7.4% increase from the 352 sales recorded in September 2023. The benchmark price for a townhouse is now $1,099,200, reflecting a 0.5% decrease from September 2023 and a 1.8% drop compared to August 2024.

Despite the wide range of choices available, prices have remained stable over the past few months. However, the September data indicates modest month-over-month declines across all segments. This downward pressure on prices stems from sales not matching the influx of newly listed properties, pushing the overall market closer to a buyers’ market. With two more policy rate decisions scheduled for this year and indications of potential further reductions, it’s possible that demand could increase later this fall if buyers decide to re-enter the market.

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

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Market Statistics  | Customized Market Insights 

August is usually a slower month for sales compared to June or July, and this year is no exception. Residential sales in the region reached 1,904 in August 2024, marking a 17.1% drop from the 2,296 sales recorded in August 2023. Despite this, sales remain in a holding pattern, hovering around 20% below the 10-year seasonal average. This trend indicates that buyers are still feeling the impact of higher borrowing costs, even after two recent quarter-point reductions to the policy rate earlier this summer. 

 Detached Home Sales- In August 2024, sales of detached homes totaled 509, reflecting a 13.9% decline from the 591 sales recorded in August 2023. The benchmark price for a detached home currently stands at $2,048,400. This reflects a 1.8% increase from August 2023 and no change (0%) compared to July 2024.

Apartment Home Sales- in August 2024 totaled 1,012, representing a 20.3% drop compared to the 1,270 sales in August 2023. The benchmark price for an apartment home is $768,200. This represents a 0.1% decrease from August 2023 and no change (0%) compared to July 2024.

Attached Home Sales- In August 2024, attached home sales amounted to 370, marking a 12.3% decrease from the 422 sales in August 2023. The benchmark price for a townhouse is $1,119,300. This reflects a 0.8% increase from August 2023 and a 0.5% decrease compared to July 2024.

With the Bank of Canada’s decision to cut the policy rate by another quarter percentage point, and September historically seeing a seasonal uptick in sales, the fall market is poised to attract more buyers off the sidelines. 

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 

Newly listed properties on the MLS® increased nearly 20% year over year in July, maintaining a healthy inventory level in the Metro Vancouver housing market.

Despite a recent half-point decline in the policy rate and abundant inventory, it is surprising that transaction levels remain below historical norms.

Detached Home Sales- in July 2024, 688 homes were sold, a 1% increase from the 681 sales recorded in July 2023. The benchmark price for a detached home is $2,049,000.

Apartment Home Sales- in July 2024, 1,192 apartments were sold a 6.9% decrease from the 1,281 sales in July 2023. The benchmark price of an apartment home is $768,200.

Attached Home Sales- in July 2024, 437 attached homes were sold, marking a 6.2% decrease from the 466 sales recorded in July 2023. The benchmark price of a townhouse is $1,124,700.

With balanced market conditions and a healthy inventory level not seen in years, price trends across all segments have leveled out with very modest month-over-month declines. While it remains uncertain if softening prices and improved borrowing costs will attract buyers this fall, it often takes a few months for better borrowing conditions to boost transaction levels. We will monitor the market for signs of increased activity in the coming months.

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 

Effective July 18, 2024, landlords will be required to provide tenants with 4 months' notice if they or a purchaser intend to move into the rental unit. Landlords will need to generate their notice to end tenancy for landlord or purchaser occupancy using a web portal on the RTB website.

Implications for the Real Estate Market:

1. The mandatory use of the web portal may streamline and standardize the process for ending tenancies, reducing errors and disputes.

2. Longer Notice Period: Extending the notice period to four months provides tenants with more time to find new housing, potentially reducing the immediate impact on their lives.

3. Planning for Landlords: Landlords will need to plan further in advance if they or a buyer intend to occupy a rental property, which could affect the timing of property sales and occupancy changes.

4. Market Stability: This change might create a more stable rental market by providing tenants with greater security and predictability, but it could also lead to longer vacancies if landlords or buyers need to wait to move in.

5. Impact on Sales: Buyers who intend to occupy a property may need to consider the extended notice period in their purchase decisions, potentially delaying transactions.

Overall, these changes aim to balance the interests of both landlords and tenants, fostering a fairer rental market environment.

Call today to discuss your options as a landlord/ buyer or renter:

604-442-9422- Anna Litvak Joseph 

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