Greater Vancouver REALTORS (HPI) Report: December 2025 Market Shows Price Decline of 6.1% Year-Over-Year

Greater Vancouver REALTORS (HPI) — December 2025

In December 2025, the composite benchmark price for homes in Greater Vancouver is $1,072,000, reflecting a 6.1% decrease compared to December 2024. The market is currently balanced, indicating stable conditions for both buyers and sellers.

Market Analysis

The Greater Vancouver real estate market has experienced a notable decline in benchmark prices over the past year, with the composite benchmark price dropping from $1,141,800 in December 2024 to $1,072,000 in December 2025. This trend suggests a cooling market, which may be attributed to various economic factors and changing buyer preferences. Despite the year-over-year price decline, the market remains balanced, indicating that supply and demand are relatively equal, which can provide opportunities for both buyers and sellers.

Property Type Analysis

In December 2025, the benchmark price for detached homes stands at $1,298,700, while attached/townhouse properties are priced at $980,400, and apartments at $660,000. While specific sales data is not available, the price differentiation among property types suggests that detached homes continue to command the highest prices, reflecting their desirability in the current market environment.

Regional Highlights

The overall market conditions in Greater Vancouver indicate a balanced environment, which is essential for maintaining stability in home prices. As the region continues to adapt to economic changes, potential buyers and sellers should remain informed about local trends and shifts in buyer sentiment, which can influence market dynamics in the coming months.

For Buyers

For buyers, this balanced market presents an opportunity to negotiate better terms and prices. With a year-over-year price decline, prospective homeowners may find favorable conditions to enter the market, especially in the detached and townhouse segments where prices remain relatively high.

For Sellers

Sellers should be mindful of the current price trends and the balanced market conditions. It is advisable to price homes competitively to attract potential buyers, as the year-over-year decline in prices may impact buyer perceptions. Engaging a knowledgeable REALTOR can provide valuable insights into pricing strategies and market positioning.