Real Estate Market Report | Vancouver | March 2025
Demand Collapses as 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 March 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 facing a significant demand drop (-29%), while inventory has surged 38%, leading to a 71% increase in months of supply. Despite this, prices remain high at $1,185,100, though they are down 4% year-over-year. With a 1.36% price increase month-over-month, the market is not crashing but is experiencing a major slowdown in transactions.
Vancouver's Detached Homes
Detached sales have plunged 37%, while inventory is up 33%, causing a 75% rise in months of supply. Despite this, prices remain strong at $2,023,600, with only a 1.66% year-over-year decline. A 1.43% month-over-month increase suggests some resilience, but if demand continues to fall, price corrections may follow later in 2025.
Vancouver's Apartments
The condo market is struggling, with sales down 26% and inventory up 42%. Prices have fallen 5.13% year-over-year and 2.68% month-over-month, showing that buyers are hesitant to enter the market. With affordability concerns and rising supply, the condo market may continue to see price declines in the coming months.
Vancouver's Attached Homes
Attached home sales are down 26%, and inventory is up 45%, leading to a 74% rise in months of supply. Prices have fallen 2.61% year-over-year, though a 0.58% month-over-month increase suggests some short-term stabilization. Buyers now have the upper hand in negotiations as supply grows faster than demand.
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.
Want to Buy or Sell Your Home Easily?
Welcome to Bōde
Bōde has created a marketplace to allow you to get transparent home data, set your price, and list your home on MLS (and 1000+ more sites). We will advertise your home and walk you through the whole sale process for 1% up to a maximum of $10K, only when the home sells.
Looking to buy? Bōde empowers buyers to purchase any Bōde property – for no charge.
With your free Bōde account, you don’t need an agent – you are completely in charge of your home sale or purchase and get to keep more of the money you invested in your home!
Get started at bode.ca
Why Bōde?
