Homes sales and prices are down in Maple Ridge, Pitt Meadows and across the region, but local realtor Mike Huber said it’s actually a great time for people to get in the market.
According to the Greater Vancouver Realtors (GVR), residential sales in the region are down 32 per cent from the 10-year seasonal average.
In Maple Ridge-Pitt Meadows, the first three months of the year have seen prices drop compared with the same period in 2025, across all property types. Houses are down from a median selling price of $1.32 million in 2025 to $1.21 million so far this year. Townhouses are down from $828,000 to $745,000, and apartments that sold for $533,000 last year are at $480,000.
The number of sales so far is continuing to decline – from 176 houses sold in the first three months of 2025 to 164 so far this year. Similarly, townhouse sales are down from 125 to 110, and apartments from 91 to 75, in Maple Ridge-Pitt Meadows.
“The market is pretty flat,” said Huber. “But it’s a fantastic market to be buying up, because the higher-end prices have come down.”
Purchasing power may be an issue for some buyers given increased costs, and Huber says a future increase in interest rates to control inflation could make matters worse. The GVR echoes that forecast.
“If you’re not buying now, you’re missing the cycle,” he predicted. “I have these conversations with people at open houses every weekend.”
He said some buyers are waiting for further price drops, but waiting could bring higher mortgage rates, limiting purchasing power.
“Now is the perfect time for buyers and sellers to talk to their real estate professional,” he asserted.
Huber would like to see the province of B.C. taking steps like Ontario to boost the housing market.
Starting this month, the Government of Ontario and federal government are removing the HST on all new home builds up to $1.5 million, for the coming year. This impacts all buyers, not just first-time home buyers, Huber noted, and could result in savings of up to $130,000.
He sees it as a no-brainer for this province.
“That would stimulate the market in B.C., and also create more affordability,” he noted. “We need builders and developers putting out more product.”
Huber sees builders putting projects on hold in B.C., so they “don’t compete with themselves.”
GVR reports that residential sales in the region totalled 2,032 in March 2026, a 2.8 per cent decrease from the 2,091 sales recorded in March 2025. This was 32 per cent below the 10-year seasonal average (2,981).
“Year-to-date, sales are tracking our forecast for the year closely, and the weakness in demand we continue to observe at the aggregate level is unsurprising,” said Andrew Lis, GVR chief economist.
“We continue to see fewer sellers stepping into the market than last year, which is keeping inventory levels relatively flat. Pairing this dynamic with sales remaining below long-term averages, we’re not seeing prices move significantly in either direction,” Lis said. “And while the political uncertainty over tariffs may have diminished relative to what we saw in early 2025, the conflict in the Middle East is now putting upward pressure on bond yields and fixed mortgage rates.
“As a result, it’s reasonable to expect there may be a dampening effect on demand as we head into the spring market, absent a swift resolution to the conflict.”