BC Real Estate in 2025: Why Six-Figure Price Cuts Are Just the Beginning

Sellers are bleeding equity right now— I’m talking $100,000, $200,000, even half a million dollars… gone.

What’s unfolding in BC’s real estate market isn’t just a dip—it’s a full-on reset. Homes that used to sell in days are now sitting for months, with desperate Sellers doing anything they can to get noticed.

And if you’re a Buyer? This could be your best shot since 2020.

Why Home Sales Fell Off a Cliff

Just a few months ago, it looked like we were headed into a strong spring. But by February 2025, that momentum vanished.

📉 Home sales dropped a brutal 9.7% compared to February 2024. Even worse? Sales were 28% lower than the 10-year average. This isn’t normal fluctuation. This is market whiplash.

3 Reasons the BC Market Is Getting Crushed

1. Interest Rates Are Still Too High

Even after the Bank of Canada dropped the overnight rate to 2.75%, buyers are still battling the mortgage stress test. That means they have to qualify at 2% above the rate they’re offered—killing affordability for a ton of people.

2. Economic Uncertainty Is Shaking Confidence

Canada’s got a new PM. The U.S. is threatening tariffs. The Bank of Canada says this could wipe tens of billions from BC’s economy.

And let’s be honest—markets hate chaos. We’ve seen this story before. Stocks tumble. Housing stalls. Buyers freeze.

3. Sellers Are Getting Desperate

Some sellers want to sell. Others need to.

And when you’re desperate, you’ll do anything:
✅ Slash prices
✅ Offer incentives
✅ Take the first serious offer that comes along

This is where smart buyers are stepping in and scoring huge discounts.

What This Means for Buyers in 2025

If you’ve been waiting on the sidelines, this is your chance. Homes are selling for prices we haven’t seen since 2020.

But—don’t wait too long.

Markets can turn fast, especially when interest rates or confidence shift. And the best homes? They still go fast, no matter what the market looks like.

What This Means for Sellers Right Now

If you’re selling, every detail matters more than ever:

• How your home is priced
• How it’s presented and cleaned
• Who you hire to sell it

If you’re not committed to selling, this might not be your market. But if you are—get aggressive or risk sitting with no offers for months.

Final Thoughts: It Won’t Stay Like This Forever

We don’t know where rates will go. We don’t know what the new PM will do. And we definitely don’t know what tariffs could trigger. But here’s what we do know:

There’s opportunity in uncertainty.

And right now, both buyers and sellers have a rare window to make smart moves.

What if I have any questions about moving to Surrey or White Rock, BC?

Selecting an excellent real estate professional is key to a successful home purchase. The Germyn Group, with our deep understanding of South Surrey/White Rock and its real estate dynamics, is committed to guiding you every step of the way.

We invite you to book a consultation with us. During our meeting, we’ll discuss your needs, preferences, and any questions you might have about the real estate market.

As you embark on this exciting journey, remember that the right home is more than just a property; it’s a foundation for your future. With the Germyn Group by your side, let’s make your dream of homeownership a beautiful reality.