Greater Vancouver Real Estate Market Report - November 2025

Greater Vancouver (MLS® HPI) — November 2025

In November 2025, the Greater Vancouver real estate market shows a composite benchmark price of $1,123,700, reflecting a year-over-year decline of 3.9%. The market is currently balanced, indicating a stable environment for both buyers and sellers.

Market Analysis

The Greater Vancouver real estate market remains balanced as of November 2025, with a composite benchmark price of $1,123,700. This represents a decrease from the previous month’s benchmark of $1,127,100 and a more significant drop from $1,169,300 in November 2024. The stability in pricing suggests that while there is some downward pressure, the market is not experiencing extreme fluctuations, which can often signal uncertainty or volatility.

Property Type Analysis

When examining the property types, the detached homes have a benchmark price of $1,905,300, while attached/townhouses are priced at $1,065,600, and apartments at $714,300. The relative pricing indicates that detached homes continue to command a premium, but the overall trend shows a decline across all categories, with the composite benchmark price reflecting the broader market conditions.

Regional Highlights

Regional trends indicate that the Greater Vancouver area is experiencing a shift in buyer preferences, with a growing interest in more affordable attached and apartment options. This shift may be contributing to the overall market balance, as buyers seek value in a fluctuating economic landscape. Additionally, the absence of significant sales data suggests that many potential buyers may be waiting for clearer signals before entering the market.

For Buyers

For buyers, this balanced market presents an opportunity to negotiate more favorable terms. With prices showing a slight decline year-over-year, prospective homeowners should consider acting now to take advantage of the current market conditions before any potential shifts occur.

For Sellers

Sellers are advised to remain realistic about pricing in this balanced market. With a benchmark price decline of 3.9% year-over-year, it is crucial to price properties competitively to attract buyers while being prepared for a potentially longer selling timeframe.