Overall, buyers and sellers are overall taking a more cautious, wait-and-see approach in today’s market. Sales in March were slightly down compared to last year and remain well below long-term averages, which reflects softer demand.

New listings have also declined compared to last year, keeping overall inventory fairly stable. While there are more homes available than the historical average, there’s no surge in supply.

One interesting shift is happening across property types. Detached homes are starting to show some momentum, with sales increasing year-over-year, while condos and townhomes are still experiencing slower activity.

Prices have generally remained stable month-to-month, but are down compared to this time last year. With current market conditions, we’re not seeing strong upward or downward pressure on pricing.

Looking ahead, factors like higher mortgage rates and ongoing global uncertainty may continue to impact buyer demand as we move through the spring market.

Happy Easter!

South Delta Attached Stats: 

South Delta Detached Stats:

Greater Vancouver November Recap:

Metro Vancouver’s housing market stayed slow in November, continuing October’s trend. Home sales fell to 1,846—down 15% from last year and well below the 10-year average. According to GVR, buyers are taking their time, while sellers are adjusting to a cooler market with more available listings.

New listings were roughly the same as last year, but total inventory rose 14%, giving buyers plenty of options. The sales-to-active listings ratio sat at 12.6%, a level that generally puts mild downward pressure on prices.

Homes are taking longer to sell, and prices have slipped slightly across most property types. Detached, apartment, and townhouse sales all declined year-over-year, with benchmark prices down for each type except townhouses, which were flat month-to-month. Overall, the year is expected to end quietly as uncertainty and steady borrowing costs continue to shape the market.