In January, Greater Vancouver Realtors reported 1,552 sales, an 8.8% increase from January 2024, though still 11.3% below the 10-year average. New listings surged by 46.9% to 5,566, leading to a total of 11,494 active listings, up 33.1% from last year. The composite residential benchmark price is $1,173,000, reflecting slight increases for single-detached and attached homes, while condominiums saw a decrease. The market is balanced, with forecasts suggesting moderate price growth in 2025, contingent on economic factors.
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