Why I Believe It’s a Buyer’s Market Right Now in Greater Vancouver

If you've been watching the real estate market in Greater Vancouver lately, you’ve probably noticed the shift—just like I have. We’re officially in a market where buyers are gaining the upper hand. As someone who's on the ground every day, touring homes, writing offers, and negotiating deals, I want to break down what’s really going on and why I believe this is a golden window of opportunity if you’re thinking about buying.

Inventory Is Climbing—Fast

In May 2025 alone, we saw over 6,600 new listings come to market. That’s almost 10% above the 10-year seasonal average. More homes = more options. Buyers now have choices, negotiation power, and time to think—unlike the frenzy we saw during the pandemic years.

And it’s not just new listings. Total active listings have surged to over 17,000—up nearly 46% compared to the 10-year seasonal average. That kind of supply takes pressure off pricing and puts buyers in control.

Sales Are Slower Than Normal

Sales activity, on the other hand, is lagging. Only 2,228 homes were sold in May, which is not only down 18.5% year-over-year, but also 30% below our 10-year seasonal average. That tells me one thing: buyers are hesitant, waiting, unsure.

And to be honest? That hesitation is where smart buyers can win.

Sales-to-Active Listings Ratio: Tipping Point

I always watch this number closely—it helps me understand where prices are headed. When the sales-to-active listings ratio dips below 12%, we typically see downward pressure on prices. Right now? It’s sitting at 13.4% overall, with detached homes at 10.2%—clearly in buyer’s market territory.

Prices Are Slipping

Prices are softening, especially in the detached market. In fact:

• Detached home benchmark: $1,997,400 (down 3.2% YoY)

• Apartments: $757,300 (down 2.4% YoY)

• Townhomes: $1,106,800 (down 3.4% YoY)

For the first time in a long while, we’re seeing room to negotiate—not just in price, but also in subjects, timelines, and conditions.

My Take: Summer 2025 Is a Window of Opportunity

As someone who works with buyers and sellers every day, I believe this summer is the sweet spot for buyers who’ve been sitting on the sidelines. Inventory is high, competition is lower, and sellers are starting to adjust to this new reality. Waiting too long could mean missing out when things shift again.

If you’re a buyer looking for value, flexibility, and the chance to actually breathe during your home search—this is your time.

Let’s talk about your options. Whether you're a first-time buyer, an investor, or someone looking to upsize or downsize, I’d be happy to walk you through today’s opportunities in a no-pressure, data-driven way.

📞 Call or text me at 778-986-8606
📧 Email: hello@hakimifard.com