Metro Vancouver's housing market is off to a strong start in 2025, with new listings up nearly 47% year-over-year. Residential sales reached 1,552 units in January, an 8.8% increase from January 2024, but still 11.3% below the 10-year average. The market is shifting towards balanced conditions, with a sales-to-active listings ratio of 14.1%. The benchmark price for all residential properties is $1,173,000, reflecting a slight year-over-year increase. Detached home prices rose, while apartment values softened slightly due to higher inventory levels.