Metro Vancouver Housing Market Report - February 2025

Market Overview Metric February 2025 February 2024 10-Year Seasonal Average % Change (YoY) Residential Sales 1,827 2,070 2,571 -11.7% New Listings 5,057 4,560 4,530 +10.9% Total Listings 12,744 9,634 9,341 +32.3% Sales-to-Active Listings Ratio 14.8% N/A N/A N/A Sales-to-Active Listings Ratio by Property Type Property Type Sales-to-Active Listings Ratio Detached Homes 10.7% Attached Homes 18.5% Apartments 16.8% Key Insight: * A ratio below 12% suggests

Indigenous-Led Development to Transform Vancouver Skyline

Vancouver, BC – A groundbreaking urban development led by the Squamish Nation is set to reshape the city’s skyline. The Sen̓áḵw project, an 11-tower high-rise development, will add 6,000 rental apartments on reserve land, making it the densest neighbourhood in Canada. Unlike traditional developments in Vancouver, Sen̓áḵw is being built without city zoning restrictions, giving the Squamish Nation full control over the project’s design and execution. The ambitious project, in partnership with Wes

Market Pulse - Metro Vancouver Housing Market January 2025

Overview The Metro Vancouver housing market saw notable growth in January 2025, with increased sales and a surge in new listings compared to January 2024. Market conditions remain balanced with stable prices, though potential economic risks, such as tariffs from the US, could impact future trends. Key Highlights * Residential Sales: 1,552 sales (8.8% increase YoY) * New Listings: 5,566 (46.9% increase YoY) * Active Listings: 11,494 (33.1% increase YoY) * Benchmark Price: $1,173,000 (0.5%

Broadway-Commercial Safeway Redevelopment Gets Even Bigger

The long-running redevelopment saga of the Broadway-Commercial Safeway site in Vancouver has taken another turn, with developers Westbank and Crombie REIT submitting yet another revised proposal that pushes the project’s height and density even further. According to the latest submission, the plan now includes three towers of 36, 37, and 43 storeys, up from the previous 35-, 36-, and 39-storey proposal. The number of residential units has increased to 1,044, consisting of 940 market rentals and