Greater Vancouver Real Estate Market Report - December 2025

Greater Vancouver (MLS® HPI) — December 2025

In December 2025, the Greater Vancouver real estate market shows a composite benchmark price of $1,114,800, reflecting a year-over-year price decline of 4.5%. The market remains balanced, indicating stable conditions for both buyers and sellers.

Market Analysis

The Greater Vancouver real estate market is currently experiencing a balanced condition, characterized by stable demand and supply dynamics. The composite benchmark price has decreased from $1,123,700 in November 2025 to $1,114,800 in December 2025, indicating a continued softening in prices compared to the previous year’s benchmark of $1,166,900. This trend suggests that while prices are declining, the market is not overly saturated with inventory, allowing for a more stable environment for transactions.

Property Type Analysis

When analyzing property types, the detached homes have a benchmark price of $1,887,800, while attached/townhouse properties are priced at $1,056,600, and apartments at $710,000. The price variations among these categories reflect differing demand levels, with detached homes typically commanding higher prices due to their larger size and land value, while apartments remain more accessible to first-time buyers.

Regional Highlights

Regional trends indicate that the Greater Vancouver area continues to attract interest despite the price adjustments. The balanced market condition suggests that buyers are finding opportunities without facing the intense competition seen in previous years. This stability is particularly evident in suburban areas, where demand for more spacious living options remains strong as remote work continues to influence buyer preferences.

For Buyers

For buyers, this is an opportune time to enter the market, especially given the recent price declines. Prospective homeowners should consider exploring various property types and neighborhoods to find the best fit for their needs, while also being prepared to negotiate as sellers adjust their expectations in a balanced market.

For Sellers

Sellers are advised to remain realistic about pricing in the current market environment. With a year-over-year price decline, it is crucial to set competitive prices and present properties well to attract potential buyers. Engaging a knowledgeable real estate agent can help navigate this balanced market effectively.