Real Estate Market Report | Vancouver | April 2025
Demand Retreats, Supply Surges
With the looming threat of US tariffs on the horizon, homebuyers are looking to see what the final implications may be – the good news is that selling with Bōde mitigates that risk entirely by maximizing your equity, you’ll outperform traditional methods of buying and selling.
We help provide home buyers and sellers with the data they need to be successful. When you have access to accurate and relevant data, you can be more confident in setting the price of your home and selling it or buying at the right price.
With many important factors to consider (what kind of home you have, what community etc.), it’s important to look specifically at what the housing market is doing in your neighbourhood.
Bōde sellers are more successful and actually make more money, on average, than the rest of the market. We are also here to make sure you have the information you need to make the decisions that are right for YOU!
So what's happening in the Vancouver real estate market as of April 2025?
Let’s start with a Macroeconomics view
To understand what’s happening in the real estate market you have to look at supply and demand.
The best proxies for supply and demand are:
Supply
New supply: New Listings (i.e. the number of homes recently listed for sale)
Total supply: Inventory (i.e. the total number of homes listed for sale)
Demand
Sales (i.e. the number of homes recently sold)
Supply & Demand
Months of Supply (i.e. the number of months it would take to sell all current inventory at the current rate of sale)
These metrics are the best indicators of the health of the real estate market. Let’s look at what they show us.
Overall Vancouver Market
Vancouver is undergoing a sharp market correction in activity, with sales down 39% compared to the average of the last five March’s. At the same time, inventory is up 43%, and months of supply has nearly doubled (+91%), signaling a strong shift into a buyer’s market. Despite this, the benchmark price has edged up 2.05% year-over-year to $1,190,900, although a -1.01% monthly decline suggests softening ahead. With more listings hitting the market and buyers stepping back, Vancouver is entering a period of price sensitivity, especially in higher-density and luxury segments.
Vancouver's Detached Homes
The detached market is experiencing significant distress, with sales falling 49% and months of supply doubling (+100%)—the clearest indicator of oversupply in the high-end segment. While inventory is up 31%, prices are down 3.05% year-over-year, even as they saw a modest 0.72% uptick month-over-month to $2,029,400. This slight rebound may reflect short-term optimism or isolated luxury demand, but the larger trend points to mounting downward pressure on pricing. For move-up buyers, this could become an opportunity market in the coming quarters.
Vancouver's Apartments
Condo sales fell 37%, while inventory jumped 48%, pushing months of supply up 94%—a clear oversupply signal. Yet, despite the slack, benchmark prices climbed 2.71% month-over-month, even though they’re still down 2.03% year-over-year, landing at $767,300. This volatility highlights a bifurcated condo market: resilient demand in certain neighbourhoods and product types, but broader softening elsewhere. If inventory continues to rise without matching buyer demand, the recent monthly gain may prove short-lived.
Vancouver's Attached Homes
Vancouver’s attached home segment (townhomes and duplexes) is under pressure, with sales down 27%, inventory up 48%, and months of supply rising 76%. Benchmark prices have declined 4.04% year-over-year and 0.18% month-over-month, settling at $1,113,100. As the “middle” ground between condos and detached homes, this category is often where affordability fatigue shows up first—and the numbers reflect that. If trends hold, this could be the first segment to see broader price corrections in the spring market.
It’s critical to understand the dynamics in your local property market
To understand your local property market you need to look at your local data. Head over to Bōde’s new and improved Market Data dashboard, the only place where you can see all the data yourself, including being able to filter on community, property type, and price range to see exactly what’s happening where you live.
You can also see the sold price of any home that has sold in the last 2 years using Bode’s Sold Data page.
If you’re thinking about selling, take a look at how Bōde helps sellers sell for 1.3% higher prices while paying 50% less commission.
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