Is Now the Right Time to Upsize? What Vancouver & Fraser Valley Homeowners Should Know in 2025

Dennis Eng
Apr 4
3 min read

As a homeowner in Metro Vancouver or the Fraser Valley, the idea of upsizing—moving into a bigger, more spacious home—might feel like a dream that’s just out of reach. But in 2025, the market conditions have shifted in a way that makes upgrading your home not only possible, but potentially a smart financial move.

At Mortgages by Dennis Eng, we're seeing more clients inquire about upsize opportunities, especially those who’ve built equity in their homes and are ready for more space, more comfort, and more room to grow.

So, is now the right time to upsize? Let’s break it down.

🏡 The Market Is Currently in Your Favor

Vancouver and Fraser Valley are both in buyer’s market territory, which is excellent news for those looking to move into larger properties.

In Vancouver, the sales-to-new-listings ratio (SNLR) was 32% as of March 2025—well below the 40% threshold that defines a seller’s market. That means there are more homes on the market than buyers, giving you more negotiating power and more choice[source].

In the Fraser Valley, inventory levels have surged to a 10-year seasonal high, with over 7,200 active listings in early 2025. Homes are sitting on the market longer, and sellers are becoming more open to offers, especially for mid-to-large detached properties.

📈 Stable Prices + More Inventory = Better Deals

While prices in the region haven’t dropped dramatically, they’ve stabilized compared to the rapid growth of the past few years. In many areas—like Surrey, Langley, and Coquitlam—detached home prices are holding steady, giving move-up buyers the chance to plan confidently without the fear of being priced out in a few months.

And with more homes to choose from, you’re more likely to find one that checks every box without compromising.

🏠 You've Likely Built Equity — Use It

If you bought your current home even just a few years ago, there’s a good chance you’ve built up substantial home equity. That equity can be used to:

Increase your down payment on a larger home
Lower your monthly mortgage payment on the new property
Avoid costly CMHC insurance premiums (if you're putting down 20% or more)

You may even qualify for bridge financing, allowing you to purchase your next home before selling your current one — a common strategy when upgrading to avoid stress or rushed decisions.

At Mortgages by Dennis Eng, we’ll walk you through options like refinancing, home equity lines of credit (HELOCs), or porting your mortgage to reduce costs when moving.

👨‍👩‍👧 Why Families Are Upsizing in 2025

We're hearing firsthand from homeowners across Vancouver and the Fraser Valley who are ready to trade their townhomes or condos for more space. The most common reasons include:

Growing families needing extra bedrooms or a backyard
Desire for a home office or dedicated workspace
Multigenerational living arrangements becoming more common
General lifestyle upgrades now that remote or hybrid work is the norm

And because larger homes are sitting longer on the market right now, you’re in a strong position to negotiate price and conditions, giving you time to inspect, evaluate, and make the right choice.

💰 Rates Are Still Competitive

While interest rates are higher than the ultra-low pandemic levels, they’ve recently begun to stabilize. This predictability is giving buyers the confidence to re-enter the market, especially those upgrading from a smaller property.

Working with a broker like Dennis Eng ensures you get access to the most competitive rates across BC, plus custom advice tailored to your unique situation.

✅ Final Thought: Upsizing Is a Smart Move—If You're Prepared

So, is now a good time to upsize in Vancouver or the Fraser Valley?

✅ Yes—if you've built home equity, have a solid understanding of your budget, and can take advantage of the buyer's market dynamics.

But every situation is different. That’s why personalized mortgage advice is key.

📞 Ready to Explore Your Upsizing Options?

At MortgagesbyDennis Eng, we specialize in helping local homeowners across Burnaby, Surrey, Langley, Richmond, and beyond upgrade into homes that fit their evolving needs—without overextending their finances.

🔍 Let’s run the numbers, explore financing options, and build a plan together.

Click below to schedule a free discovery call.

👉 Book a Call Now