VANCOUVER, BC – May 2, 2025 – The slowdown in home sales registered on the Multiple Listing Service® (MLS®) in Metro Vancouver* that began early this year continued in April, with sales down nearly 24 per cent year-over-year.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,163 in April 2025, a 23.6 per cent decrease from the 2,831 sales recorded in April 2024. This was 28.2 per cent below the 10-year seasonal average (3,014).

There were 6,850 detached, attached and apartment properties newly listed for sale on the MLS® in Metro Vancouver in April 2025. This represents a 3.4 per cent decrease compared to the 7,092 properties listed in April 2024 and was 19.5 per cent above the 10-year seasonal average (5,731) for the month.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 16,207, a 29.7 per cent increase compared to April 2024 (12,491). This is 47.6 per cent above the 10-year seasonal average (10,979).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for April 2025 is 13.8 per cent. By property type, the ratio is 9.9 per cent for detached homes, 17.5 per cent for attached, and 15.7 per cent for apartments.

GVR Stats Package for April 2025

SURREY, BC – Home buyers in the Fraser Valley are enjoying a selection of homes for sale not seen in more than a decade. The growing inventory of more than 10,000 active listings means, in many cases, that buyers have time, selection and price negotiation on their side.

However, despite the abundance of listings and potential buying opportunities, spring sales remain sluggish. The Fraser Valley Real Estate Board recorded 1,043 sales on its Multiple Listing Service® (MLS®) in April, up one per cent from March and down 29 per cent year over year. New listings declined slightly in April, down one per cent from March.

The overall sales-to-active listings ratio indicates a buyer’s market in the Fraser Valley, with a ratio of 10 per cent. The market is considered to be balanced when the ratio is between 12 per cent and 20 per cent.

Across the Fraser Valley in April, the average number of days to sell a single-family detached home was 32, while for both townhomes and condos it was slightly lower at 29 days.

FVREB Stats Package for April 2025

Speaker: Iven Tse, Lawyer “ASSIGNMENT SALES – WHAT YOU NEED TO KNOW”

DATE: MONDAY, MAY 5, 2025

TIME: 11:00AM – 12:30PM (BRUNCH WITH PRIZE DRAW)

LOCATION: 10460 CITY PARKWAY, SURREY 

Sign up: https://forms.gle/2CzwbWh8pJ3aj4J98

Dear Colleagues and Fellow Realtors,

It is with profound sadness that we share the tragic and unexpected passing of our colleague and fellow realtor, Richard Le. Richard, his wife, and daughter were victims of a senseless act of violence while attending the Lapu Lapu Festival on April 26. This devastating loss has deeply affected us all, and our thoughts and heartfelt condolences go out to his family and loved ones during this incredibly difficult time.

Richard was a cherished member of our team—respected for his professionalism, dedication, and the warmth he brought to every interaction. He left a lasting impact not only through his work but also through the genuine relationships he built with so many of us.

In support of his family, we will be making a donation to his 16-year-old son, Andy Le, the sole survivor of this tragedy.

If you would like to contribute, please complete the attached pledge form to have the amount charged to your expense account. Our agent representative will present the donation to Richard’s family next week.

If you have any questions, please reach out to your Managing Broker or to Sing Yeo, Senior Vice President, for assistance.

https://docs.google.com/forms/d/e/1FAIpQLSc796hWFWNT9fYeFlN6R1DeH2JZgYHgNwB5fN5wWKv38z5IMQ/viewform?usp=sharing

With deepest sympathy,
Royal Pacific Management Team