The real estate market in Maple Ridge and Pitt Meadows, along with the broader Lower Mainland region, is currently reflecting particularly favorable conditions for buyers.
Home sales recorded through the MLS system across Metro Vancouver declined by 14% compared to October of last year. Slower sales activity combined with an increase in available listings is creating supportive conditions for those looking to purchase property during the fall season.
According to a report by the Greater Vancouver Realtors (GVR), total residential property sales in the region reached approximately 2,255 transactions in October 2025, representing a 14% decrease compared to the 2,632 sales recorded in October 2024. This figure also marks a 14.5% decline compared to the 10-year seasonal average of 2,638 sales.
So far this year, 657 homes have been sold in the Maple Ridge–Pitt Meadows area, compared to 840 homes during the same period in 2024. Townhouse sales also experienced a similar decline, dropping from 505 sales in 2024 to 405 sales this year, while condominium sales fell from 390 to 323 units.
This decrease in sales has been accompanied by price adjustments, with Kirk noting that the market is undergoing a “price reset.” Residential property prices in Maple Ridge and Pitt Meadows have seen noticeable declines, with condo prices falling by more than 11% in both cities. Detached home prices dropped by 13% in Pitt Meadows and 4% in Maple Ridge compared to last year, while townhouse prices recorded a slight decrease.
Despite these declines, the benchmark price of a home in the Maple Ridge–Pitt Meadows area remains around $1.2 million, significantly lower than the Lower Mainland average of $1.7 million. This relative affordability makes the area an attractive option for buyers coming from higher-priced cities such as Vancouver and Burnaby, as they can obtain greater value for their investment.
As Kirk explained: “During open houses, I notice strong attendance from people coming from other areas, along with a good number of first-time buyers. It’s great to see them entering the housing market.”
On the sellers’ side, patience, consistency, and working with experienced real estate professionals are strongly advised to ensure successful transactions. The process is slower and requires closer attention to detail, demanding flexibility and understanding from sellers.
In terms of available housing options, 5,438 new properties were listed for sale through the MLS system in Metro Vancouver in October, representing a 16% increase compared to the 10-year seasonal average of 4,676 listings. The total number of properties currently available for sale, both new and existing, stands at 16,393 units—an increase of 36% compared to the 10-year seasonal average of 12,063 listings.
