February 2025 Market Statistics

Here are the latest real estate market statistics from Macdonald Realty on listings and sales in February 2025.

Find all the infographics related to the February Market Statistics by visiting the Facebook Album.

Click to view market statistics for: Fraser Valley | Greater Vancouver | Okanagan | Vancouver Island | Whistler, Squamish and Sunshine Coast

Fraser Valley

For the first time in four months, home sales in the Fraser Valley have increased as buyers capitalize on more selection and weakening prices.

The Fraser Valley Real Estate Board recorded 920 sales in February, up 13 per cent from January, but 26 percent below sales recorded in February 2024.

Despite a nine per cent drop in newly listed homes on the Board’s Multiple Listing Service® (MLS®), new listings remained 14 per cent above the 10-year seasonal average, at 3,121. Overall inventory remains high, at 8,070 active listings, 45 per cent above February 2024 and 55 per cent above the 10-year seasonal
average.

The overall sales-to-active listings ratio continues to signal a buyer’s market in the Fraser Valley, with a ratio of 11 per cent. The market is considered to be balanced with the ratio is between 12 per cent and 20 per cent.

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Greater Vancouver

After a 46 per cent year-over-year increase of new listings in January, the number of newly listed properties on the MLS® in Metro Vancouver* rose more moderately in February helping keep market conditions in balanced territory.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,827 on Metro Vancouver’s Multiple Listing Service® (MLS®) in February 2025, an 11.7 per cent decrease from the 2,070 sales recorded in February 2024. This total was 28.9 per cent below the 10-year seasonal average (2,571).

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Okanagan

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Vancouver Island

VIREB recorded 493 unit sales (all property types) in February 2025, the same as one year ago. Year-over-year active listings (all property types) rose by three per cent, climbing to 3,235 from 3,153 in February 2024. In the single-family category (excluding acreage and waterfront), 239 homes sold in February, down four per cent from one year ago and up 17 per cent from the previous month. Sales of condo apartments last month came in at 60, an increase of 12 per cent year over year and up 30 per cent from January.

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Whistler, Squamish and Sunshine Coast

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