VANCOUVER, B.C.
– December 2, 2025 –
The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled
1,846 in November 2025, a 15.4 per cent decrease from the 2,181 sales recorded in November
2024. This was 20.6 per cent below the 10-year seasonal average (2,324).
“As the year draws to a close, the data continues telling a story of a market with many buyers
patiently waiting and sellers adjusting to market conditions not seen in years,” said Andrew
Lis, GVR’s chief economist and vice-president, data analytics. “Inventory remains healthy,
providing buyers ample choice, which, by contrast, is pushing sellers to accept that pricing
must reflect this new reality. Buyers and sellers are striking deals when their expectations are
aligned and reflective of the current market – not the market of years ago.
”
There were 3,674 detached, attached and apartment properties newly listed for sale on the
Multiple Listing Service® (MLS®) in Metro Vancouver in November 2025. This represents a 1.4
per cent decrease compared to the 3,725 properties listed in November 2024. This was 3.1 per
cent above the 10-year seasonal average (3,562).
The total number of properties currently listed for sale on the MLS® system in Metro
Vancouver is 15,149, a 14.4 per cent increase compared to November 2024 (13,245). This is 36.3
per cent above the 10-year seasonal average (11,116).
Across all detached, attached and apartment property types, the sales-to-active listings ratio
for November 2025 is 12.6 per cent. By property type, the ratio is 9.7 per cent for detached
homes, 13.6 per cent for attached, and 14.8 per cent for apartments.
Analysis of the historical data suggests downward pressure on home prices occurs when the
ratio dips below 12 per cent for a sustained period, while home prices often experience
upward pressure when it surpasses 20 per cent over several months.
“As sales volumes remain subdued and inventory remains plentiful, properties are taking
longer to sell, and pricing has continued to soften slightly across most market segments,” Lis
said. “With borrowing costs likely to remain steady into the new year, any uptick in demand
will need to arise from a significant change in buyer sentiment. As December is typically
among the quietest months of the year in terms of market activity, the prevailing trends
suggest we should expect a quiet close to a year marked by considerable uncertainty.”
The MLS® Home Price Index composite benchmark price for all residential properties in
Metro Vancouver is currently $1,123,700. This represents a 3.9 per cent decrease over
November 2024 and a 0.3 per cent decrease compared to October 2025.
Sales of detached homes in November 2025 reached 541, a 13.6 per cent decrease from the
626 detached sales recorded in November 2024. The benchmark price for a detached home
is $1,900,600. This represents a 4.3 per cent decrease from November 2024 and a 0.4 per cent
decrease compared to October 2025.
Sales of apartment homes reached 945 in November 2025, a 13.2 per cent decrease
compared to the 1,089 sales in November 2024. The benchmark price of an apartment home
is $714,300. This represents a 5.2 per cent decrease from November 2024 and a 0.2 per cent
decrease compared to October 2025.
Attached home sales in November 2025 totalled 350, a 22.4 per cent decrease compared to
the 451 sales in November 2024. The benchmark price of a townhouse is $1,065,600. This
represents a 4.4 per cent decrease from November 2024 and a 0.1 per cent increase
compared to October 2025.
– December 2, 2025 –
Metro Vancouver* home-sale trends observed in October continued in November, as sales registered on the MLS® remained lower than this time last year.
The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled
1,846 in November 2025, a 15.4 per cent decrease from the 2,181 sales recorded in November
2024. This was 20.6 per cent below the 10-year seasonal average (2,324).
“As the year draws to a close, the data continues telling a story of a market with many buyers
patiently waiting and sellers adjusting to market conditions not seen in years,” said Andrew
Lis, GVR’s chief economist and vice-president, data analytics. “Inventory remains healthy,
providing buyers ample choice, which, by contrast, is pushing sellers to accept that pricing
must reflect this new reality. Buyers and sellers are striking deals when their expectations are
aligned and reflective of the current market – not the market of years ago.
”
There were 3,674 detached, attached and apartment properties newly listed for sale on the
Multiple Listing Service® (MLS®) in Metro Vancouver in November 2025. This represents a 1.4
per cent decrease compared to the 3,725 properties listed in November 2024. This was 3.1 per
cent above the 10-year seasonal average (3,562).
The total number of properties currently listed for sale on the MLS® system in Metro
Vancouver is 15,149, a 14.4 per cent increase compared to November 2024 (13,245). This is 36.3
per cent above the 10-year seasonal average (11,116).
Across all detached, attached and apartment property types, the sales-to-active listings ratio
for November 2025 is 12.6 per cent. By property type, the ratio is 9.7 per cent for detached
homes, 13.6 per cent for attached, and 14.8 per cent for apartments.
Analysis of the historical data suggests downward pressure on home prices occurs when the
ratio dips below 12 per cent for a sustained period, while home prices often experience
upward pressure when it surpasses 20 per cent over several months.
“As sales volumes remain subdued and inventory remains plentiful, properties are taking
longer to sell, and pricing has continued to soften slightly across most market segments,” Lis
said. “With borrowing costs likely to remain steady into the new year, any uptick in demand
will need to arise from a significant change in buyer sentiment. As December is typically
among the quietest months of the year in terms of market activity, the prevailing trends
suggest we should expect a quiet close to a year marked by considerable uncertainty.”
The MLS® Home Price Index composite benchmark price for all residential properties in
Metro Vancouver is currently $1,123,700. This represents a 3.9 per cent decrease over
November 2024 and a 0.3 per cent decrease compared to October 2025.
Sales of detached homes in November 2025 reached 541, a 13.6 per cent decrease from the
626 detached sales recorded in November 2024. The benchmark price for a detached home
is $1,900,600. This represents a 4.3 per cent decrease from November 2024 and a 0.4 per cent
decrease compared to October 2025.
Sales of apartment homes reached 945 in November 2025, a 13.2 per cent decrease
compared to the 1,089 sales in November 2024. The benchmark price of an apartment home
is $714,300. This represents a 5.2 per cent decrease from November 2024 and a 0.2 per cent
decrease compared to October 2025.
Attached home sales in November 2025 totalled 350, a 22.4 per cent decrease compared to
the 451 sales in November 2024. The benchmark price of a townhouse is $1,065,600. This
represents a 4.4 per cent decrease from November 2024 and a 0.1 per cent increase
compared to October 2025.
Call Rick to get your house sold! 778-389-2164