Greater Vancouver REALTORS (HPI) Report: December 2025 Market Shows Price Decline of 5.4%

Greater Vancouver REALTORS (HPI) — December 2025

In December 2025, the composite benchmark price for Greater Vancouver real estate stands at $1,079,700, reflecting a year-over-year decline of 5.4%. Total sales for the month reached 165, with 257 new listings entering the market.

Market Analysis

The Greater Vancouver real estate market is currently characterized as a seller's market, with a sales-to-new-listings ratio (SNLR) of 64.2%. This indicates that while sales have decreased compared to the previous month, the number of new listings has also declined, suggesting a tightening supply. The composite benchmark price has decreased from $1,090,100 in November 2025, indicating a downward trend in pricing as the market adjusts to changing economic conditions.

Despite the decrease in benchmark prices, the market remains competitive for sellers, as evidenced by the relatively high SNLR. The decline in prices year-over-year may attract buyers who have been waiting for more favorable conditions, potentially leading to an increase in sales activity in the coming months if inventory levels remain low.

Property Type Analysis

In December 2025, the benchmark prices for different property types are as follows: detached homes at $2,036,800, attached/townhouses at $1,057,400, and apartments at $676,400. While specific sales figures for each category are not available, the overall market dynamics suggest that detached homes continue to command the highest prices, reflecting their desirability and limited supply. The price decline in the overall market may be more pronounced in the apartment sector, which typically attracts first-time buyers and investors looking for more affordable options.

Regional Highlights

Regional trends indicate that the Greater Vancouver area is experiencing a shift in buyer preferences, with increased interest in suburban and outlying areas as affordability becomes a more pressing concern. This shift may lead to varying price dynamics across different neighborhoods, as buyers seek value in less densely populated regions. Additionally, the overall economic climate and interest rates will play a crucial role in shaping future market conditions as we move into 2026.

For Buyers

For potential buyers, this may be an opportune time to enter the market, especially with the recent price declines. Buyers should consider their long-term goals and be prepared to act quickly on properties that meet their criteria, as the current seller's market conditions may lead to competitive bidding situations.

For Sellers

Sellers are advised to carefully assess their pricing strategy in light of the current market conditions. With a benchmark price decline of 5.4% year-over-year, it is essential to price properties competitively to attract buyers while still maximizing potential returns. Working with a knowledgeable REALTOR can provide valuable insights into pricing and marketing strategies.