June 2025 Real Estate Market Update – Home Values Slide, Uncertainty Rises

If you’re a homeowner wondering “What’s my home worth today?” or “How long would it take to sell right now?”—this one’s for you.

We just wrapped up the stats from May, and for the first time this year, the year-over-year numbers across the board took a real hit. Detached homes in Coquitlam, Burnaby, Maple Ridge, and surrounding areas all saw annual declines, with townhouses and condos following suit—though not quite as steep.

Here’s a quick snapshot:

• Detached Homes: Coquitlam down 4.1% YoY, Burnaby down 3.3%, New West down 6.9%

• Townhouses: Most areas down 1–3% YoY, but monthly changes were flat or slightly up

• Condos: Port Moody was the only bright spot (+1.6% MoM), but most others saw minor dips

• Days on Market: Homes are sitting longer—Pit Meadows now averaging 32 days to sell (up 300%!)

What’s fueling the shift?

1. Interest Rate Hold: The Bank of Canada chose to hold steady on interest rates due to ongoing economic uncertainty.

2. Tariffs & Trade Worries: Tariffs on aluminum and steel were just doubled, which may hit industries—and beer lovers—hard.