2024 truly was a wild ride in the Vancouver real estate market. So many people predicted complete catastrophe for the Vancouver housing market in 2024...but it never happened.

Is 2025 going to be the year that the Vancouver housing market implodes?

What is the Vancouver housing market like right now?

How did we get here?

Why hasn't the Vancouver real estate market imploded?

Is now the right time to invest in Vancouver real estate?

Are there particular areas that are likely to see more (or less) growth in 2025 and beyond?

These are questions that anyone considering buying or selling real estate in Vancouver should be asking themselves as we enter 2025...and beyond.

If you are thinking of moving to Vancouver in 2025 this is a MUST WATCH video...and be sure to stay tuned to the end where I discuss some of my personal prediction for what's going to happen in the Vancouver real estate market and where I see some opportunities in Vancouver housing in 2025.

Momentum. I think that's the key word to describe the Vancouver real estate market as 2024 wraps up.

For the last couple of years we've seen a lot of sideways movement. A few months in one direction and then a few in another...but ultimately, we've stayed pretty flat since hitting all-time highs in the Spring of 2022.

Most of 2024 was marked by a decided lack of enthusiasm and confidence in the market. While demand didn't fall off a cliff it bounced along the lower end of historical norms (typically about 20-30% below the 10-year averages).

What was different in 2024 was that we finally saw supply increase significantly. Back in 2023 (a year also marked by low demand but also low inventory) prognosticators predicted that IF supply increased significantly then prices would start to fall in Vancouver...that being the obvious basic economic principle of supply and demand.

However, that just didn't happen in 2024. Prices remained remarkably resilient (something that I get more into in my video...