After a quieter first quarter, the North Vancouver real estate market has found its footing. Benchmark prices for detached homes held steady at approximately $2.1M, while attached properties saw modest month-over-month gains as first-time buyers and downsizers competed for limited supply.

Key Numbers — Mid 2025

Detached benchmark price sits near $2,100,000 in North Vancouver. Attached benchmark is approximately $1,050,000. Average days on market for well-priced homes is 18 days. The sales-to-active ratio of 18% reflects a balanced market leaning slightly seller-favourable, with new listings up 12% year-over-year giving buyers more choice.

What's Driving the Market

The Bank of Canada's rate reductions improved affordability at the entry level. Buyers who were sidelined in 2023 are returning, particularly for condos under $800K in Lower Lonsdale and Moodyville.

Neighbourhoods to Watch

Lower Lonsdale: Strong condo demand near the SeaBus terminal. Lynn Valley: Family detached homes seeing multiple offers when priced correctly. Edgemont Village: Premium pricing holding firm due to school catchment desirability. Deep Cove: Ultra-low inventory keeps prices elevated.

Looking Ahead

Summer brings a brief slowdown but serious buyers remain active. If you're planning to list this fall, August and early September is when to prepare. Contact Lions Gate Realty at 778-990-7088 to discuss your timing strategy.

Real Estate Insights

Thinking of buying or selling?