Your July 2025 Real Estate Market Update
Last month, the Greater Vancouver real estate market felt like summer arrived early—with many buyers and sellers choosing to stay on the sidelines. Sales and new listings were mostly flat compared to May, showing a cautious mindset across most regions.
However, a few markets stood out with notable activity and opportunity:
🔹 New Westminster (Detached Homes)
Surprisingly strong sales activity, driven by limited inventory. When supply is scarce, serious buyers act fast—often resulting in multiple-offer situations on well-priced homes.
🔹 Port Moody (Condos & Townhomes)
Condo sales are on the rise in Port Moody, thanks to new developments near SkyTrain stations. Many builders are offering buyer incentives like decorating allowances or rate buy-downs. For buyers looking for walkability and transit access, this is a great time to explore Port Moody condos for sale.
🔹 Pitt Meadows (New Apartments & Townhomes)
Pitt Meadows is seeing a surge in inventory, especially in newly built homes. With more options available, both first-time buyers and downsizers are feeling confident that they can find a home that suits their needs—and that they’ve done their due diligence.
🛑 A Word on “Subject to Sale” Offers
We’ve seen more offers coming in that are subject to the sale of the buyer’s current home. While common in a balanced market, these conditional offers are often declined today. Sellers are favouring buyers with a firm sale already in place. If you’re unsure about your position, please reach out for guidance—we’re here to help you navigate the market with confidence.
🌞 Looking Ahead
As summer holidays begin, families have more time to discuss their housing goals—whether that means upsizing, downsizing, or investing. If you’re thinking about buying or selling a home in the Tri-Cities or Greater Vancouver, now is a great time to reach out. We’re happy to offer advice on preparing your home for sale or helping you define your next move.
We live here, we work here—and we love helping our neighbours succeed in real estate.
🏡 Your Generations Real Estate Team
Michelle Hawthorne PREC, Scott Johnson PREC, Shane Goutsis PREC, Ray Harris & our ambassador, Sheila Francis.
Your trusted partners in real estate—across generations.