If you’re a first-time homebuyer, or any buyer for that matter,  in the Lower Mainland you’ve probably been watching the real estate market and wondering: Is now a good time to buy? The answer isn’t black and white-but there are opportunities if you know where to look, and I’m here to help you make sense of it all.

📉 Sales Are Slowing, and That’s Good News for Buyers

Traditionally, spring is the hottest season for real estate, but this year looks a little different. Home sales in Greater Vancouver and the Fraser Valley are down significantly from the seasonal average. In March 2025, sales activity was nearly 40% below the 10-year average.

What does this mean for you as a first-time buyer? Simply put: less competition. With fewer people making offers, you have more breathing room to explore your options and negotiate.

🏠 More Listings = More Choices

Inventory is climbing across the board. In Greater Vancouver, listings are up almost 38% from this time last year. In the Fraser Valley, there are 49% more homes on the market. This is creating a buyer-friendly environment-something we haven’t seen in years.

Prices are holding steady for now, but the surge in listings is starting to put downward pressure on pricing. The benchmark price for a home in Metro Vancouver is around $1.19 million, while condos are averaging $767,300. Detached homes remain pricey at over $2 million, but if you’re open to townhomes or condos, there are opportunities to break into the market.

💸 Rates Are Dropping-But Confidence Is Shaky

The Bank of Canada has already made rate cuts, and more could be on the way. That’s great news for your mortgage. Lower interest rates can mean lower monthly payments and more flexibility in what you can afford.

However, broader economic uncertainty-like U.S. tariffs and global market jitters-is making some people nervous about jumping in. My advice? Don’t let fear make the decision for you. The key is to focus on what you can afford, and how long you plan to stay in your home. That’s where I come in.

🤝 Let’s Make a Plan That Works for You

As a mortgage broker, I work with dozens of lenders to find the best financing options tailored to your situation. Whether you’re just starting to save, ready to get pre-approved, or want a second opinion on your numbers-I’m here to help you every step of the way.

Remember: The market may feel uncertain, but having a clear plan and the right guidance can turn this into the perfect window to buy your first home.

Let’s chat! I offer free consultations for ALL buyers-no pressure, no obligation. Just real advice to help you move forward with confidence.

📅 Book yours here: https://calendly.com/kbates-dominionlending
📞 Or call/text me at: 778-882-5962
📧 Or send me a message at: kbates@dominionlending.ca