VANCOUVER EAST APRIL HOUSE MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release points out that even with stable prices, favourable interest rates and an abundant selection, home buyers remained shy last month, probably due to uncertainty brought on not only by a Federal election but especially because of hyper-erratic American trade policies. Even though year to year newly listed properties are down 3.4 percent, last month’s total inventory is 29.7 percent higher than April 2024. Meantime this April recorded a 23.6 percent decrease in residential sales compared to last April. The composite value of all properties is 1.8 percent lower April to April.
The graph shows a drop of 6.5 percent from March to April for the average price of Metro Vancouver detached properties. The benchmark price for houses in April 2025 is 0.7 percent below the previous April. Year to year the volume of detached home sales goes down 29 percent.
April 2025 east side house prices are 0.5 percent under those of the previous April. Year over year Vancouver east detached sales drop 42.2 percent. April to April east side inventory rises 20.8 percent.
From March to April east side house sales decrease 2.9 percent. Month to month east side inventory is up 2.6 percent.