BC Housing Market Update – May 2025: A Shift Toward Opportunity

by Kambiz Javady

If you’ve been keeping an eye on the real estate news lately, you might be feeling a bit uncertain — and that’s completely understandable. The market is shifting in British Columbia, and with change comes both questions and opportunities.

Let’s walk through the current housing trends, what they mean for you, and why I believe there’s real value in this moment — whether you’re buying, selling, or just watching from the sidelines.

What’s Happening in BC’s Real Estate Market?

In April 2025, the average home price in Greater Vancouver dropped by 7.4% year-over-year to $1,211,073. Detached homes saw the biggest dip, averaging $2,002,033 (an 8.2% decrease), while attached townhomes dropped by 4.2%, and condos saw a smaller decrease of 0.7%.

But the biggest story isn’t the prices — it’s the inventory!

We saw a 38% increase in active listings, reaching 16,207 by the end of April. That’s one of the most significant year-over-year jumps in recent years. In simple terms? Buyers now have more choices, and sellers are facing more competition.

Buyer’s Market? Here’s What That Means

When the sales-to-new-listings ratio (SNLR) falls below 40%, we enter “buyer’s market” territory. As of now, the SNLR has dropped to 32%, which gives buyers more negotiating power than they’ve had in quite some time.

There’s less pressure to jump on the first property you see, and more space to explore your options, ask questions, and even negotiate on price, closing dates, and terms.

Mortgage Rates & Financing

Interest rates in BC have remained relatively stable over the past quarter. Most lenders are offering competitive fixed rates in the 3.89% to 4.25% range for 3-5 year terms. While not the ultra-low rates of 2020–2021, they are manageable — especially with more balanced prices and increased selection.

If you’ve been pre-approved or considering getting into the market, this could be a good time to reconnect with your mortgage advisor and revisit your budget.

What Should Sellers Know Right Now?

Let’s be honest — it’s not the “name-your-price” seller’s market we saw in 2021. But that’s not a bad thing. Motivated buyers are still out there, especially for homes that are well-presented and priced strategically.

Here’s what makes a difference:

•Proper pricing from the start.

•Great listing photos, staging, and marketing.

•An agent who knows how to position your property in this evolving market (that’s me!).

Sellers who adapt to the current landscape can still achieve strong outcomes — but it takes more than just a “For Sale” sign.

Why This Could Be Your Moment

Markets move in cycles. And we are currently in a transition from red-hot to more balanced. These moments don’t last forever.

If you’re a first-time buyer, upsizing for a growing family, or even considering an investment property, you might find yourself in a stronger position than you’ve had in years.

And if you’re a seller, don’t be discouraged. With the right strategy, your home can still stand out — especially with so many buyers looking for move-in-ready properties in established neighborhoods.

Let’s Chat About Your Goals

As a local real estate professional, I don’t just track data — I talk to buyers and sellers every day. I know their fears, motivations, and what’s working in real time.

Whether you’re casually browsing or seriously planning your next step, I’d love to be your resource. Let’s talk about your goals, timeline, and what a smart move looks like in this market.

No pressure. No guesswork. Just clarity.

Looking forward to connecting soon,

BC Housing Market Update – May 2025: A Shift Toward Opportunity

by Kambiz Javady

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