Greater Vancouver REALTORS (HPI) Report: December 2025 Market Shows Continued Price Decline

Greater Vancouver REALTORS (HPI) — December 2025

In December 2025, the composite benchmark price for Greater Vancouver homes is $927,000, reflecting a 5.5% decrease from the previous year. Total sales for the month reached 94, with new listings totaling 108.

Market Analysis

The Greater Vancouver real estate market continues to exhibit signs of a seller's market, despite a year-over-year decline in prices. The composite benchmark price has decreased from $980,400 in December 2024 to the current $927,000, indicating ongoing adjustments in the market. The sales-to-new-listings ratio (SNLR) stands at 87.0%, suggesting that demand remains relatively strong compared to the number of new listings entering the market, which may provide some leverage to sellers in negotiations.

Property Type Analysis

In terms of property types, the benchmark price for detached homes is $1,224,800, while attached/townhouses are priced at $744,400, and apartments at $514,400. While specific sales data is not available for these categories this month, the overall trend indicates that detached homes continue to command higher prices, reflecting their desirability in the current market environment.

Regional Highlights

Regional trends indicate a mixed performance across different areas of Greater Vancouver. While some neighborhoods may experience more significant price adjustments, the overall market dynamics suggest that the demand for housing remains resilient, particularly in sought-after locations. This resilience is further evidenced by the relatively high SNLR, which points to competitive conditions for buyers.

For Buyers

For potential buyers, it is advisable to remain vigilant and informed about market trends, as the current seller's market may present opportunities for negotiation, especially with the recent price declines. Engaging with a knowledgeable REALTOR can provide insights into the best neighborhoods and property types that align with individual needs and budgets.

For Sellers

Sellers are encouraged to price their homes competitively in light of the recent price adjustments. With the SNLR indicating strong demand, well-presented properties may still attract interest and offers, despite the overall downward trend in benchmark prices. Working closely with a real estate professional can help sellers navigate the market effectively.