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% increase YoY)
- Sales-to-Active Listings Ratio: 14.1%
Market Performance by Property Type
| Category | January 2025 | January 2024 | Change (%) |
|---|---|---|---|
| Residential Sales | 1,552 | 1,427 | +8.8% |
| New Listings | 5,566 | 3,788 | +46.9% |
| Active Listings | 11,494 | 8,633 | +33.1% |
| Composite Benchmark Price | $1,173,000 | $1,167,000 | +0.5% |
| Detached Benchmark Price | $2,005,400 | $1,945,000 | +3.1% |
| Apartment Benchmark Price | $748,100 | $760,900 | -1.7% |
| Attached Benchmark Price | $1,105,600 | $1,077,400 | +2.7% |
Sales-to-Active Listings Ratio
The overall sales-to-active listings ratio for January 2025 was 14.1%, indicating balanced market conditions. By property type:
- Detached homes: 9.2%
- Attached homes: 18.5%
- Apartments: 16.5%
Price Stability & Potential Risks
While the overall market remains stable, price fluctuations were minimal, with only a 0.5% increase in the composite benchmark price. However, economic uncertainties, such as US tariffs, could alter price projections for the remainder of 2025.
Conclusion
January 2025 saw a dynamic start to the year for Metro Vancouver's housing market, with increased sales and a significant rise in new listings. Despite this, external economic pressures could impact future price growth. Buyers and sellers should stay informed and monitor economic conditions for potential shifts in market trends.
