It’s a buyer’s market in Maple Ridge and Pitt Meadows real estate, and across the Lower Mainland.
Home sales registered on the MLS in Metro Vancouver were 14 per cent lower than last October, as the trend of slower sales and building inventory creates favourable conditions for those looking to buy in the fall market.
The Greater Vancouver Realtors (GVR) reports residential sales in the region totalled 2,255 in October 2025 – a 14 per cent decrease from the 2,632 sales recorded in October 2024. This was also 14.5 per cent below the 10-year seasonal average (2,638).
“We have the largest amount of inventory in the last 10 years,” said Re/Max realtor Lisa Craik. “For the first time in a long time, buyers have choice.”
Sales have slowed, but well-priced properties are still moving, she added. Unlike the frenzied market of the recent past, there is time for buyers to view multiple properties, to have a home inspection, and to be comfortable with their investment.
“This is an excellent time to buy,” said the realtor and longtime Maple Ridge resident.
So far this year, there have been 657 houses sold in Maple Ridge-Pitt Meadows, compared with 840 during the same 10 months in 2024. The story was the same for townhouses – down from 505 sales in 2024, to 405 this year. The number of apartments sold dropped from 390 to 323, according to the MLS stats.
With the slower sales, Craik noted there has also been a “reset on price.”
The price of a residential property in Maple Ridge-Pitt Meadows has dropped, with apartments down more than 11 per cent in both cities. House prices have dropped 13 per cent in Pitt Meadows in the last year, and four per cent in Maple Ridge, according to the GVR. Townhouse prices are down slightly.
But while a house in Pitt Meadows-Maple Ridge has a benchmark price of $1.2 million, the price in the Lower Mainland as a whole is still $1.7 million. That means buyers from Vancouver, Burnaby and other more expensive cities are still finding their property dollar goes further in Ridge Meadows.
“When I’m hosting open houses, I’m definitely seeing a lot of people from other communities,” said Craik. “And I’m also seeing first-time home buyers – it’s a wonderful thing to see first-time buyers getting into the market.”
She also advised those selling to have patience and perseverance, and work with a qualified realtor.
The process is “a little slower, and a little more focused on the finer details.”
There’s lots to choose from in the region. There were 5,438 properties newly listed for sale on the Multiple Listing Service (MLS) in Metro Vancouver in October – 16 per cent above the 10-year seasonal average of 4,676.
The total number of properties listed for sale, old and new, is 16,393, which is 36 per cent above the 10-year seasonal average of 12,063.