Historical Sales Data
- 2024: Over 40,000 sales in Greater Vancouver and Fraser Valley.
- 2021: Pandemic peak with 70,000 sales.
- 20-Year Average: Just under 50,000 sales.
- Current Reality: Weak sales volumes comparable to global financial crisis levels.
Current Market Challenges
- Rapid population growth in Greater Vancouver.
- Sales volumes remain low despite increased demand.
- Unique challenges in various market segments.
Pre-Construction Market Insights
- 2021 Boom: High pre-construction sales now facing challenges.
- 2025 Outlook: Units purchased at peak prices are often undervalued, leading to appraisal shortfalls and potential closing issues.
Rental Market Dynamics
- Rents declined by 8-10% in the past year.
- Excess supply and declining demand due to federal projections of zero population growth.
Investment Outlook
- Limited growth expected in prices and rents.
- Ongoing construction may further depress rental values.
Pre-Construction Sales Forecast
- 2024: Over 7,000 pre-construction units sold.
- 2025: Developers are expected to face significant challenges launching new projects.
The Value of the Vancouver Real Estate Report
In a dynamic market like Vancouver’s, staying informed is essential. The Vancouver real estate report provides key insights into sales trends, pricing dynamics, and market forecasts. However, understanding how to leverage this information requires the guidance of skilled professionals. The Saretsky Group specializes in helping clients interpret these trends, anticipate market changes, and make strategic decisions that align with their goals.
From analyzing shifting mortgage rates to identifying high-potential neighborhoods, the Vancouver real estate report serves as a roadmap, but The Saretsky Group’s expertise ensures you navigate it with confidence. Whether you’re buying your first home, selling a property, or investing in Vancouver’s market, having a trusted team on your side makes all the difference.
Take on the Market with Confidence
The Saretsky Group, a leading real estate team in Vancouver, combines data-driven insights with local expertise to empower clients. As the market evolves with rising interest rates, fluctuating inventory levels, and shifting buyer demand, The Saretsky Group ensures their clients have the knowledge and tools needed to succeed.
Get Expert Guidance Today
Looking to buy or sell a home? Trust The Saretsky Group to help you make informed decisions backed by the latest Vancouver real estate report and their extensive experience in the market. Contact The Saretsky Group today to schedule a consultation and take the first step toward achieving your real estate goals.
For more of Saretsky’s insights, check out the full dicussion on his YouTube channel: Steve Saretsky’s Real Estate Analysis.
Condo Market Analysis
- Around six months of inventory, signalling a buyer’s market.
- Investor demand is anticipated to remain weak.
Bullish Market Segments
- Strong demand for entry-level three-bedroom townhouses and single-family homes.
- Ongoing need for “missing middle” housing for young families in Vancouver.
Single-Family Housing Trends
- Single-family housing starts at historical lows.
- Increasing shift toward duplexes and multiplexes due to densification efforts.
- High construction costs limit new single-family builds.
Mortgage Rates and Market Impact
- Fixed mortgage rates in the low 4% range, slightly below variable rates.
- Rates remain closely tied to bond market movements.
Additional Market Factors
- New BC flipping tax labelled as politically motivated with minimal impact on affordability.
- Flipping activity at historical lows.
Future Market Outlook
The Vancouver real estate report 2025 predicts a volatile year with both challenges and opportunities. Pre-construction and investor-driven condos will face hurdles, while single-family homes and entry-level townhouses offer potential.
Get Expert Guidance
Navigating the complexities of the Vancouver market requires expertise. Steve Saretsky provides data-driven insights and on-the-ground experience to help you make the right decisions. Whether you’re buying, selling, or investing, Steve can help you succeed in 2025.
Contact Steve Today
Book your 30-minute consultation or reach out via email for detailed advice. Stay informed with regular updates and insights by engaging with Steve’s content. Like, subscribe, and join the conversation!
