The South Delta real estate market is showing signs of a more favorable environment for prospective buyers. Recent data indicates a slowdown in sales activity compared to the previous year, coupled with an increase in available properties. This shift, influenced by economic factors and interest rate adjustments, is creating opportunities for those looking to enter the market.
Key Market Trends
- Decreased Sales Activity: Overall home sales in Metro Vancouver experienced a notable decline in October 2025 compared to October 2024, falling 14 percent below last year's figures and 14.5 percent below the 10-year seasonal average.
- Rising Inventory: The number of properties listed for sale on the MLS system saw a significant increase, up 13.2 percent year-over-year and a substantial 35.9 percent above the 10-year seasonal average.
- Interest Rate Impact: Despite recent cuts to the Bank of Canada's policy rate, these measures were insufficient to significantly boost buyer engagement in the market during October.
Detached Home Prices Stabilize
The benchmark price for detached homes in South Delta has demonstrated stability over the past couple of years. In Ladner, the benchmark price in October 2025 was $1,333,700, a 3 percent decrease from the previous month and a little over 7 percent lower than October 2024. Tsawwassen saw a benchmark price of $1,475,100 for a single-detached house in October 2025, down 3.6 percent from September and 4 percent year-over-year.
Condo and Townhouse Market Performance
Condo prices have also seen a downward trend. The benchmark price for a Ladner condo in October 2025 was $647,400, down nearly 2 percent from October 2024. In Tsawwassen, the condo benchmark price was $628,600, a 4.5 percent decrease year-over-year. Townhouse prices in Ladner and Tsawwassen were recorded at $1,009,500 and $949,300 respectively in October 2025, reflecting decreases of 1.3 percent and 5.8 percent compared to the previous year.
