Quick Market Update – Here’s What You Need to Know 👀

March 2025 Market Update 'Most favourable conditions in years': experts note buyer's market in Metro Vancouver Experts in the housing market are calling Metro Vancouver and the Fraser Valley a buyer's market, with more properties on the market and prices weakening. The Fraser Valley Real Estate Board says through February, buyers had more leverage and more time to explore options. With 7,251 active listings in January, the board says inventory was at a 10-year seasonal high - 54 per cent above the 10-year average. Greater Vancouver Realtors (GVR) paints a similar picture for the Metro market, calling it balanced. READ MORE Click the link below to view the monthly market statistics for your area in an easy to understand infographic. Listings, sales and prices are summarized for condos, townhomes and single-family homes in cities across BC. For more up-to-date market information please visit macrealty.com/blog. ​​​​​​​ Abbotsford Bowen Island Burnaby East Burnaby North Burnaby South Cloverdale Coquitlam Greater Victoria Kelowna Ladner Langley Maple Ridge Mission Nanaimo New Westminster North Delta North Okanagan North Surrey North Vancouver Parksville / Qualicum Pitt Meadows Port Coquitlam Port Moody Richmond Saanich Peninsula South Okanagan South Surrey / White Rock Squamish Sunshine Coast Surrey - Central Tsawwassen Vancouver - East Vancouver - West Vancouver Island Victoria Core Westshore West Vancouver Whistler March Food Events in Vancouver: Where to Feast This Month Newsflash: spring hits this month. So does a Japanese bagel-making class, a vintage travel-inspired dining experience (in domes!), a pottery painting class with a side of croque monsieur and Vancouver Cocktail Week. READ MORE Click the image to find out what's for sale in your neighbourhood. B.C. Real Estate News MACDONALD REALTY Opinion: Building homes and superstar cities is critical to Canada's future (BIV) LOWER MAINLAND Metro Vancouver still most expensive place to rent a home despite downward pressure (CityNews Everywhere) Buyers gaining upper hand in Fraser Valley real estate market (Financial Post) Sales Recovery In Greater Vancouver Real Estate Market Stalls (STOREYS) Vancouver home sales fall as market conditions more balanced in February: board (Canadian Mortgage Trends) VICTORIA AND VANCOUVER ISLAND VICTORIA REAL ESTATE OFF TO STRONG START IN 2025 (Business Examiner) Spectre of tariffs loom over Victoria housing market (Vancouver Island Free Daily) OKANAGAN Property taxes going up 12.3 per cent in Regional District of North Okanagan (Castanet) North, Central Okanagan housing sales increased annually in February (Vernon Matters) BRITISH COLUMBIA B.C. minister sees more housing certainty ahead despite trade war worries (BIV) BC Budget 2025: What The Province Has Planned For Housing (STOREYS) CANADA BMO Forecasts Interest Rate To Drop To 2% By July As Tariffs Go Into Effect (STOREYS) Precarious recovery for Canada's real estate market is underway (Calgary Herald) Tariffs set to slow pace of homebuilding in Canada (Financial Post) Home insurance rates increase in 2025 - report (Insurance Business)

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