Buying Property in Vancouver Residential – Vancouver Best Realtor – Morning Lee

If you’re looking to sell residential property in Vancouver, the timing may finally be shifting in your favour. After months of hesitation, the national housing market—particularly in key metros like Vancouver and Toronto—is showing signs of a turnaround. According to a July 2025 report from MorningLee.ca, both sales and price activity have begun to stabilize, hinting that we may be entering a more balanced and predictable phase of the market.

Let’s break down what this means for sellers in Vancouver, and why some property types might have a better window to sell than others.

1. Sell Residential Property inVancouver？Why This Could Be a Turning Point for Sellers

The latest data shows that home sales rose while prices held steady in June 2025. Nationally, sales were up around 3% month-over-month, and the national sales-to-new-listings ratio rose to 50.1%—a shift toward balanced market conditions.

In Vancouver, this means buyer activity is creeping back despite ongoing uncertainty like tariff threats and fluctuating interest rate expectations. As MorningLee.ca notes, market momentum may simply have been delayed by a rocky economic spring—and is now resurfacing into the summer and fall.

2. Sell Residential Property inVancouver？What It Means by Property Type: Not All Homes Are Equal

If you’re planning to sell residential property in Vancouver, it’s essential to understand how different home types are performing:

• Single-family homes: Typically more sensitive to interest rate shifts and economic headlines, these properties may attract buyers looking for long-term stability—especially as price declines have moderated.
• Townhouses and duplexes: Often appealing to move-up buyers or downsizers, these mid-density homes could benefit from stabilizing price expectations and a tighter sales-to-listings ratio.
• Condos and apartments: While not explicitly broken down in the June report, condos tend to recover later in a cycle. Sellers should monitor interest rate moves closely, as affordability is a key factor for this segment.

If you’re unsure where your property stands in the cycle, now’s a good time to assess—not just emotionally, but strategically.

3.Sell Residential Property inVancouver？Should You List Now or Wait? A Seller’s Dilemma

The report points to cautious optimism, but also underlines continued risk: the Bank of Canada held rates steady, and bond yields have risen, suggesting fixed mortgage rates may go up again. These macro factors influence how quickly deals close, or if buyers even enter the market.

So who should act now?

• Sellers of well-located, mid-priced homes in balanced neighborhoods may benefit from limited competition, as new listings fell 2.9% in June.
• Sellers who’ve been holding off since early 2024 might consider testing the market before interest rate changes swing again.

But if your property type tends to lag in recovery cycles, or if buyer traffic is light in your area, patience may still be the better strategy. Either way, strategic timing is key—and understanding where the market cycle is headed will help you plan smarter.

The Bottom Line: Watch the Data, Move with Purpose

In a shifting market, data is your best friend. From price stabilization to listing trends, the latest report from MorningLee.ca offers a detailed pulse check on what’s real, what’s emerging, and what risks are still looming. Whether you’re a homeowner considering selling, a buyer looking to enter before rates rise, or someone navigating mortgage financing in a bumpy cycle—understanding these signals can make all the difference.

And before you make any move, make sure your property has no hidden red flags. Visit https://estatedetect.com to get an in-depth risk review before you buy or sell. Peace of mind is the best market strategy.

When homeowners plan to sell residential property in Vancouver, their focus often falls on big-picture items—pricing, staging, and timing. But the reality? Overlooking just a few small details can quietly drain your final sale price or even kill the deal entirely.

In today’s stabilizing market, where buyers are cautious and inventory is tightening, every detail counts. Below, we break down five surprisingly common missteps sellers make—especially in the Greater Vancouver area—and how to avoid them.

👉 Read: Home Sales Rose As Prices Stabilized – Housing Market is Turning a Corner

1. Planning to Sell Residential Property in Vancouver? Don’t List with a Dirty Home

First impressions matter. And in Vancouver’s competitive market, buyers walk into an open house already comparing your home to the next five on their list. A cluttered kitchen, dusty blinds, or unkempt yard doesn’t just create bad vibes—it leads to lowball offers or buyers walking away.

Professional deep cleaning before listing isn’t a luxury—it’s part of the selling strategy. It affects perceived value and, by extension, final sale price.

2.Sell Residential Property in Vancouver Smoothly by Preparing Your Property Disclosure Statement

In B.C., the Property Disclosure Statement (PDS) isn’t legally mandatory—but buyers and agents expect it. It’s a red flag when missing. Forget to disclose past water damage or unresolved plumbing issues, and your deal may fall apart during due diligence.

To sell residential property in Vancouver successfully, your paperwork needs to be clear, transparent, and ready before listing. This is especially important when mortgage lenders get involved—missing disclosures can delay financing approvals.

3. To Sell Residential Property in Vancouver at Top Dollar, Choose Professional Photography Over Phone Pics

Think your smartphone is “good enough”? Data says otherwise. Listings with professional photos attract more clicks, more showings, and often sell for higher prices.

According to REDFIN, professionally photographed homes sold for $3,400 to $11,200 more on average than those with amateur photos. In Vancouver, where a 1% pricing shift can mean tens of thousands, this isn’t a detail—it’s strategy.

4.Sell Residential Property in Vancouver with a Suite? Know BC’s New Landlord Rules to Avoid Closing Delays

Planning to sell a home with a secondary suite (basement rental, laneway house, etc.)? B.C. has recently updated its tenancy and property-use regulations. Not understanding your obligations as a seller—especially regarding notice periods or compliance with rental bylaws—can lead to legal trouble or buyer hesitation.

If you’re listing a home with tenants, make sure you’re aligned with the Residential Tenancy Act, or you risk unexpected delays.

5. Want to Sell Residential Property in Vancouver? Understand How Empty Homes and Speculation Taxes Impact Buyer Decisions

Sellers often forget that buyers factor future taxes into their offers. The Empty Homes Tax (EHT) in Vancouver and Speculation and Vacancy Tax (SVT) in B.C. can significantly impact how appealing your property is to out-of-town or investor buyers.

Properties flagged as “vacant” or subject to speculative taxes often sit longer on the market or fetch lower bids. Transparency about current tax status is crucial.

To explore whether a property has hidden risks, we recommend tools like EstateDetect.com—a smart way for buyers to investigate before they commit.

Final Thoughts

To sell residential property in Vancouver without leaving money on the table, sellers need more than just a “For Sale” sign—they need a solid understanding of paperwork, presentation, and market trends.

Need help navigating the details? Visit MorningLee.ca to work with professionals who know how to position your home—and your loan—for success.

The number of home sales recorded over Canadian MLS® Systems rose 2.8% on a month-over-month basis in June 2025, building on the 3.5% gain recorded in May.

Over the past two months, the recovery in sales activity has been led overwhelmingly by the Greater Toronto Area (GTA), where transactions, although remaining historically low, have rebounded by a cumulative 17.3% since April.

“At the national level, June was pretty close to a carbon copy of May, with sales up about 3% on a month-over-month basis and prices once again holding steady,” said Shaun Cathcart, CREA’s Senior Economist. “It’s another month of data suggesting the anticipated rebound in Canadian housing markets may have only been delayed by a few months, following a chaotic start to the year; although with the latest 35% tariff threat, we’re not out of the woods yet.”

New Listings

New supply declined by 2.9% month-over-month in June. With sales up and new listings down, the national sales-to-new-listings ratio rose to 50.1%, up from 47.3% in May. The long-term average for the national sales-to-new listings ratio is 54.9%, with readings between 45% and 65% generally consistent with balanced housing market conditions.

There were 206,435 properties listed for sale on Canadian MLS® Systems at the end of June 2025, up 11.4% year-over-year and just 1% below the long-term average for that time of the year.

“Most housing markets continued to turn a corner in June, although market conditions still vary considerably depending on where you are in Canada,” said Valérie Paquin, CREA Chair. “If the spring market was mostly held back by economic uncertainty, barring any further big shocks, that delayed activity could very likely surface this summer and into the fall.”

Home Prices

The National Composite MLS® Home Price Index (HPI) was little changed (-0.2%) from May to June 2025, following three straight month-over-month declines of closer to 1% in February, March, and April.

The non-seasonally adjusted National Composite MLS® HPI was down 3.7% compared to June 2024. Based on the extent to which prices fell off in the second half of 2024, expect year-over-year declines to shrink in the months ahead.

Bottom Line
 
There is every indication that the housing markets in the GTA and the GVA are beginning to perk up following a disappointing Spring market. Sales generally increased in May and June, and new listings fell last month. The price data suggest a flattening in prices. Tariff uncertainty has swamped the psychology of many potential buyers, who are reticent to make a move. The latest 35% tariff threat from Washington doesn’t help.

And while the central bank was expected to lower interest rates further, it took a pass at the prior two meetings and is likely to do so again on July 30th when it meets. This morning’s CPI release for June showed a continued rise in core inflation, effectively ruling out a BoC rate cut. 

Moreover, longer-term interest rates are market-driven and have been trending higher since March, when tariff sabre-rattling began in earnest. Canada’s five-year government bond yield broke above its key 3% support level in the past week. This could well trigger another rise in fixed mortgage rates. Furthermore, the Canadian two-year yield is 2.83%, which is above the Bank’s overnight policy rate of 2.75%. This suggests that monetary easing in Canada may be over for this cycle, provided the economy remains resilient. Of course, given the TACO issue (an acronym that stands for Trump Always Chickens Out), any forecast bears more than the usual uncertainty.

Dr. Sherry Cooper