Greater Vancouver REALTORS (HPI) Market Report - December 2025

Greater Vancouver REALTORS (HPI) — December 2025

In December 2025, the composite benchmark price for Greater Vancouver real estate stands at $1,030,000, reflecting an 8.8% decrease from December 2024. The market is currently balanced, indicating a stable environment for both buyers and sellers.

Market Analysis

The Greater Vancouver real estate market is experiencing a balanced condition as of December 2025. The composite benchmark price has decreased from $1,042,200 in November 2025 to $1,030,000 this month, indicating a continued downward trend in prices year-over-year. This decline of 8.8% compared to December 2024's benchmark price of $1,129,300 suggests that buyers are benefiting from more favorable pricing, while sellers may need to adjust their expectations accordingly.

Property Type Analysis

When analyzing property types, the detached homes have a benchmark price of $1,791,800, while attached/townhouses are priced at $877,500, and apartments at $750,100. The significant price differences among these categories highlight the diverse options available to buyers, with detached homes remaining the most expensive option, reflecting their larger size and land value.

Regional Highlights

Regional trends indicate that while the overall market is balanced, specific areas may exhibit varying dynamics. The consistent decline in benchmark prices across all property types suggests a potential shift in buyer preferences and market conditions, which could lead to more competitive pricing strategies in the coming months.

For Buyers

Buyers are encouraged to take advantage of the current balanced market conditions. With prices decreasing year-over-year, this may be an opportune time to negotiate favorable terms and secure a property that meets their needs without the pressure of a highly competitive bidding environment.

For Sellers

Sellers should be mindful of the current market conditions and the recent decline in benchmark prices. It is advisable to set realistic expectations regarding pricing and to consider strategic marketing efforts to attract potential buyers in a balanced market.