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Spring market brings abundance of opportunity for buyers 

April 2025 saw home sales in Metro Vancouver drop nearly 24% year-over-year, despite improved borrowing conditions and growing inventory. With prices holding relatively steady and more listings on the market than we’ve seen in a decade, buyers may find this a rare window of opportunity.

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read this article from Greater Vancouver Realtors:

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). 

“From a historical perspective, the slower sales we’re now seeing stand out as unusual, particularly against a backdrop of significantly improved borrowing conditions, which typically helps to boost sales,” said Andrew Lis, GVR’s director of economics and data analytics. “What’s also unusual is starting the year with Canada’s largest trading partner threatening to tilt our economy into recession via trade policy, while at the same time having Canadians head to the polls to elect a new federal government. These issues have been hard to ignore, and the April home sales figures suggest some buyers have continued to patiently wait out the storm.” 

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. 

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months. 

“While the headlines have been filled with worrying news lately, there are positives in the current market worth highlighting, especially for buyers,” Lis said. “Inventory levels have just crested 16,000 for the first time since 2014, prices have stayed fairly stable for the past few months, and borrowing costs are the lowest they’ve been in years. These factors benefit buyers, and with balanced conditions across the market overall, there’s plenty of opportunity for anyone looking to make a purchase.” 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,184,500. This represents a 1.8 per cent decrease over April 2024 and a 0.5 per cent decrease compared to March 2025.

Sales of detached homes in April 2025 reached 578, a 29 per cent decrease from the 814 detached sales recorded in April 2024. The benchmark price for a detached home is $2,021,800. This represents a 0.7 per cent decrease from April 2024 and a 0.6 per cent decrease compared to March 2025. 

Sales of apartment homes reached 1,130 in April 2025, a 20.2 per cent decrease compared to the 1,416 sales in April 2024. The benchmark price of an apartment home is $762,800. This represents a two per cent decrease from April 2024 and a 0.6 per cent decrease compared to March 2025. 

Attached home sales in April 2025 totalled 442, a 23.8 per cent decrease compared to the 580 sales in April 2024. The benchmark price of a townhouse is $1,102,300. This represents a 2.9 per cent decrease from April 2024 and a one per cent decrease compared to March 2025.

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Why Downsizing to a Condo in West Vancouver is a Smart Move

Real Estate Agent North & West Vancouver – If you're a homeowner in North or West Vancouver and considering your next move, downsizing to a condo might be one of the smartest decisions you can make right now.

What we’re going to talk about:

In this post, we’ll cover the key reasons why downsizing makes financial and lifestyle sense in today’s market, particularly in West Vancouver. We'll look at benefits like reduced maintenance, lifestyle upgrades, and cost efficiency.

Why it’s important:

With shifting property values, rising costs, and lifestyle changes—especially for empty nesters and retirees—understanding your downsizing options could protect your equity and enhance your quality of life.

Why it’s important to you:

If you’re a longtime homeowner thinking about simplifying your living situation or unlocking home equity, this article will help you make an informed, confident decision.

📌 Disclaimer: This is for informational purposes only and should not be considered real estate advice. Always verify information independently and consult with a qualified professional before making any real estate decisions.

1. The Financial Benefits of Downsizing

For many homeowners in West Vancouver, your home has gained substantial value over the years. Downsizing to a condo allows you to unlock that equity, giving you flexibility to invest, travel, or support your retirement plans.

Smaller spaces also come with reduced property taxes, utilities, and overall maintenance—freeing up monthly cash flow.

2. Lifestyle Upgrade: Less Stress, More Freedom

Condos in West Vancouver offer incredible access to local amenities, ocean views, parks, and walkable neighborhoods. Many buildings are equipped with fitness rooms, social lounges, and concierge services—perfect for those seeking a turnkey lifestyle.

If you're looking to travel, become a snowbird, or simply want a more relaxing lifestyle without the burden of constant maintenance or surprise repair costs, a condo offers that freedom. It's a lifestyle choice—one that’s about comfort, ease, and peace of mind.

Ambleside and Dundarave are particularly popular for their walkability, proximity to the seawall and the Seniors’ Centre, and a great selection of +1,000 sq ft condos. Many buildings in these areas are well-maintained with a mature demographic, creating a peaceful, community-oriented atmosphere. Further up, Cypress and Folkstone offer large condos with outstanding views.

For many downsizers, it's not just about cashing out—it’s about living well. In fact, sometimes lifestyle matters more than money.

3. Ideal for Empty Nesters and Retirees

When the kids have moved out and daily maintenance feels overwhelming, a condo can offer the perfect balance of independence and simplicity. You'll still enjoy the North Shore lifestyle—close to mountains, trails, and culture—without the upkeep of a detached home.

The key is to make the move while it’s still a choice—not when it becomes a necessity. Organizing a move can take months, so starting the process early gives you control and options. Having a patient and knowledgeable agent is critical—someone who understands the steps, timelines, and financing considerations.

4. Lower Maintenance, Better Peace of Mind

No more worrying about roof replacements, snow shoveling, or lawn care. With strata management taking care of the building exterior and common areas, you're left with a clean, manageable space and more time for what matters most.

5. Inventory & Market Timing in West Vancouver

The condo market in West Vancouver remains strong, with demand for quality units in well-managed buildings. For homeowners looking to sell a detached property, the timing may be ideal—high-value listings are still attracting serious buyers, especially in prime neighborhoods.

Many downsizers are best served by moving first, then selling. It all depends on your financing ability and comfort level. Having an agent who can guide you through that process—so it’s not hectic or stressful—is invaluable.

Ready to Make the Move?

Downsizing doesn’t mean sacrificing lifestyle—especially in West Vancouver. Whether you're starting to plan or just exploring options, I'm here to help.

Click the button below to connect with Davis about real estate.

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Find Dog-Friendly Condos in Lower Lonsdale!

Looking for a pet-friendly condo that welcomes your four-legged friend? 🐶🏡

I’ve put together a FREE guide with a complete list of dog-friendly condo buildings in Lower Lonsdale, North Vancouver. Whether you're a long-time dog owner or thinking of getting a new pup, this guide will simplify your search so you can find a home you both love.

🐾 What's Inside the Guide?

✔ A list of strata buildings that allow dogs
✔ Important pet-related strata rules to consider
✔ Tips to make your home search easier

📥 Click below to download your FREE Dog-Friendly Condos in Lower Lonsdale guide instantly!

About Davis Kosowan

Hi, I’m Davis Kosowan, a North Shore Realtor and dog owner. I know how important it is to find a condo that not only works for you but is also in a strata building that allows dogs!

That’s why I created this guide—to make your Lower Lonsdale condo search easier. I’ve done the research so you don’t have to!

Need help finding the right home for you and your dog? Let’s chat! 🐕📞

CLICK HERE TO CONNECT!

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