As we move into a new year, we wanted to share a brief look back at the Metro Vancouver real estate market in 2025 and offer some perspective on where things may be heading.
This combination of lower demand and elevated inventory created more choice for buyers and placed downward pressure on prices across most property types.
Importantly, borrowing costs eased as the year progressed, with mortgage rates declining nearly a full percentage point from earlier highs. Combined with softer pricing and higher inventory, buyers are entering 2026 with more favourable conditions than they’ve seen in several years.
Warm regards,
Brenda & Paul
2025: A Challenging but Defining Year
2025 was one of the slowest years for home sales in Metro Vancouver in more than two decades. Total residential sales reached approximately 23,800, marking a 10% decline from 2024 and sitting well below the long-term average. At the same time, sellers continued to bring properties to market, resulting in record-high listing levels not seen since the mid-1990s.This combination of lower demand and elevated inventory created more choice for buyers and placed downward pressure on prices across most property types.
Pricing and Market Conditions
By the end of the year, the benchmark price for all residential properties in Metro Vancouver was approximately $1,114,800, reflecting a 4.5% decrease year-over-year. Apartments, townhomes, and detached homes all experienced modest price declines over the course of the year.Importantly, borrowing costs eased as the year progressed, with mortgage rates declining nearly a full percentage point from earlier highs. Combined with softer pricing and higher inventory, buyers are entering 2026 with more favourable conditions than they’ve seen in several years.
A Market in Transition
While 2025 was undoubtedly challenging, there were signs of stabilization toward the second half of the year. Trade tensions that weighed on confidence earlier appear to be easing, and consumer sentiment has improved modestly. According to Greater Vancouver REALTORS®, the key question moving forward is whether these improved conditions will translate into stronger demand in 2026.Our Perspective
Periods like this are often when thoughtful decisions matter most. Markets don’t move in straight lines, and quieter years tend to set the foundation for future opportunities. Whether you’re considering buying, selling, or simply staying informed, understanding local trends and timing remains critical.If you’d like a more detailed look at how your neighbourhood or property type performed in 2025 — or want to discuss what the year ahead may hold — we’re always happy to connect.Warm regards,
Brenda & Paul
Paul and Brenda have over 50 years of combined experience, a proven track record, and a leading edge marketing program to ensure success in today’s competitive market.Contact us for more detailed, up to date information for your neighborhood.
All data from the Grater Vancouver REALTORS (R) Report GVR Stats Package December 2025.
