March 2025 Vancouver Housing Update
If you've been following the news, you know that economic uncertainty is weighing heavily on Canadians which includes homebuyers and sellers.
One of the biggest factors influencing the market right now is the ongoing tariff flip-flop. These shifting trade policies are creating ripples throughout the Canadian economy, affecting everything from consumer confidence to interest rates. When you have uncertainty like this, the real estate market tends to pause.
In Vancouver and North Vancouver, prices have remained relatively stable and prices continue to remain flat. I believe they will continue this way for a while. But when we look beyond the city, it's a different story. Areas that saw a surge in demand during the pandemic—places like Whistler, the Sunshine Coast, and Squamish—are now experiencing notable price corrections. In some cases, we’re seeing drops as steep as 15% month over month.
The market is changing rapidly, and buyer sentiment is shifting week by week. The truth is, no one can predict where things will be a month from now. Some buyers are waiting for the "perfect" moment to enter the market, while others are hesitating, unsure of whether prices will drop further or if interest rates will shift again. If you’re a buyer waiting for the “perfect time” keep in mind…once the bottom of the market is identified, you’re probably too late.
But despite all this uncertainty, well-priced properties in most segments are still moving quickly. The demand is there. Buyers are out there. They’re watching, they’re ready—but many are hesitant to pull the trigger.
So, if you’re thinking about buying or selling, now more than ever, it’s important to understand the nuances of this market. Smart pricing and strategic timing can make all the difference. We’re in a dynamic, ever-changing environment. The key is to stay informed, stay prepared, and most importantly—stay ahead of the market. We pride ourselves on being some of the most informed Real Estate Professionals in the city which gives us the edge most of our clients value, especially in today’s market. Don’t hesitate to reach out.
If you’re thinking of making a move in 2025 feel free to reach out to me or Steve Saretsky.
78 homes sold last year and happy to help you too!
Feel free to reach out if you want to connect with me! 778-951-5853 LUKE@SARETSKYGROUP.COM
^ Book a call with me to discuss your options here ^
Luke Annunziello | Vancouver Realtor
About Luke
Luke is a real estate professional with a distinguished career as a realtor since 2019, specializing in the Greater Vancouver market. His expertise extends beyond traditional real estate services, as he possesses a comprehensive understanding of property renovations, accumulated over a period of seven years. Clients appreciate Luke for his friendly nature and ability to establish rapport, making complex transactions more accessible.
Luke is a part of the esteemed Saretsky group which is part of the top 1% of all realtors in Vancouver. This affiliation with the Saretsky group translates into a range of benefits for his clients. From market expertise and extensive networks to enhanced marketing capabilities and exclusive opportunities, Luke can provide a superior level of service and results for those seeking assistance in the competitive Vancouver real estate market.
When not doing real estate transactions you can find him playing hockey, snowboarding on the mountains or spending time with his wife and daughter. Whether navigating the dynamic Vancouver market or incorporating renovation insights into property dealings, Luke stands as a reliable and professional ally, ensuring a seamless and positive experience for his clientele.
Whether you're looking to buy or sell a property in North Vancouver or elsewhere in Vancouver, Luke is the agent you can trust to guide you through the process and achieve your goals.
