VANCOUVER, B.C.
– January 5, 2026 –
Last year’s sales total was 24.7 per cent below the 10-year annual sales average (31,625). “This year was one for the history books,” said Andrew Lis, GVR’s chief economist and vice-president, data analytics. “Although the sales total was the lowest in over two decades,Realtors were still busy listing properties. Sellers brought the highest total of listings to market on record since the mid-1990s, eclipsing the previous record high in 2008 by a little over 1,000
listings.”
Properties listed on the MLS® in Metro Vancouver totalled 65,335 in 2025. This represents an
8.2 per cent increase compared to the 60,388 properties listed in 2024. This was 28.4 per cent
above the 50,893 properties listed in 2023.
The total number of properties listed last year was 13.1 per cent above the region’s 10-year
total annual average of (57,782).
Currently, the total number of homes listed for sale on the MLS® system in Metro Vancouver
is 12,550, a 14.6 per cent increase compared to December 2024 (10,948). This is 34.8 per cent
above the 10-year seasonal average (9,308).
“The forecast we put out last January noted a foreseeable downside risk, which while
prescient, unfortunately materialized in 2025,” said Lis. “Specifically, we noted that trade
tensions with the USA could negatively impact sales and prices, and this downside risk came
to pass. The upshot, however, is that the negative impact of these trade tensions appears to
be easing, and consumer sentiment has improved modestly over the second half of the year.”
The MLS® Home Price Index composite benchmark price for all residential properties in
Metro Vancouver is currently $1,114,800. This represents a 4.5 per cent decrease over
December 2024 and a 0.8 per cent decrease compared to November 2025.
“With sales down and inventory remaining plentiful, prices eased across all property types
since the start of 2025. Sales and prices weren’t the only metrics that came down, borrowing
costs fell nearly one full percentage point,” said Lis. “With lower prices, lower borrowing costs,
and plenty of inventory to choose from, homebuyers in 2026 are starting the year with
favorable conditions. Whether these conditions translate into a market with stronger demand
will be the million-dollar question – and we’ll be monitoring this story closely as it unfolds.”
December 2025 summary Residential sales in the region totalled 1,537 in December 2025, a 12.9 per cent decrease from
the 1,765 sales recorded in December 2024. This was 20.7 per cent below the 10-year seasonal
average (1,937).
There were 1,849 detached, attached and apartment properties newly listed for sale on the
MLS® in Metro Vancouver in December 2025. This represents a 10.3 per cent increase
compared to the 1,676 properties listed in December 2024. This was 10.3 per cent above the
10-year seasonal average (1,677).
Across all detached, attached and apartment property types, the sales-to-active listings ratio
for December 2025 is 12.7 per cent. By property type, the ratio is 9.3 per cent for detached
homes, 14.6 per cent for attached, and 15.1 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.
Sales of detached homes in December 2025 reached 431, a 12.8 per cent decrease from the
494 detached sales recorded in December 2024. The benchmark price for a detached home
is $1,879,800. This represents a 5.3 per cent decrease from December 2024 and a 1.1 per cent
decrease compared to November 2025.
Sales of apartment homes reached 791 in December 2025, a 11.2 per cent decrease compared
to the 891 sales in December 2024. The benchmark price of an apartment home is $710,000.
This represents a 5.3 per cent decrease from December 2024 and a 0.6 per cent decrease
compared to November 2025.
Attached home sales in December 2025 totalled 303, an 18.3 per cent decrease compared to
the 371 sales in December 2024. The benchmark price of a townhouse is $1,056,600. This
represents a five per cent decrease from December 2024 and a 0.8 per cent decrease
compared to November 2025.
– January 5, 2026 –
Home sales registered in the Multiple Listing Service® (MLS®) in Metro Vancouver* finished the year down 10 per cent, marking the lowest annual sales total in over twenty years.
The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled
23,800 in 2025, a 10.4 per cent decrease from the 26,561 sales recorded in 2024, and a 9.3 per
cent decrease from the 26,249 sales in 2023.
23,800 in 2025, a 10.4 per cent decrease from the 26,561 sales recorded in 2024, and a 9.3 per
cent decrease from the 26,249 sales in 2023.
Last year’s sales total was 24.7 per cent below the 10-year annual sales average (31,625). “This year was one for the history books,” said Andrew Lis, GVR’s chief economist and vice-president, data analytics. “Although the sales total was the lowest in over two decades,Realtors were still busy listing properties. Sellers brought the highest total of listings to market on record since the mid-1990s, eclipsing the previous record high in 2008 by a little over 1,000
listings.”
Properties listed on the MLS® in Metro Vancouver totalled 65,335 in 2025. This represents an
8.2 per cent increase compared to the 60,388 properties listed in 2024. This was 28.4 per cent
above the 50,893 properties listed in 2023.
The total number of properties listed last year was 13.1 per cent above the region’s 10-year
total annual average of (57,782).
Currently, the total number of homes listed for sale on the MLS® system in Metro Vancouver
is 12,550, a 14.6 per cent increase compared to December 2024 (10,948). This is 34.8 per cent
above the 10-year seasonal average (9,308).
“The forecast we put out last January noted a foreseeable downside risk, which while
prescient, unfortunately materialized in 2025,” said Lis. “Specifically, we noted that trade
tensions with the USA could negatively impact sales and prices, and this downside risk came
to pass. The upshot, however, is that the negative impact of these trade tensions appears to
be easing, and consumer sentiment has improved modestly over the second half of the year.”
The MLS® Home Price Index composite benchmark price for all residential properties in
Metro Vancouver is currently $1,114,800. This represents a 4.5 per cent decrease over
December 2024 and a 0.8 per cent decrease compared to November 2025.
“With sales down and inventory remaining plentiful, prices eased across all property types
since the start of 2025. Sales and prices weren’t the only metrics that came down, borrowing
costs fell nearly one full percentage point,” said Lis. “With lower prices, lower borrowing costs,
and plenty of inventory to choose from, homebuyers in 2026 are starting the year with
favorable conditions. Whether these conditions translate into a market with stronger demand
will be the million-dollar question – and we’ll be monitoring this story closely as it unfolds.”
December 2025 summary Residential sales in the region totalled 1,537 in December 2025, a 12.9 per cent decrease from
the 1,765 sales recorded in December 2024. This was 20.7 per cent below the 10-year seasonal
average (1,937).
There were 1,849 detached, attached and apartment properties newly listed for sale on the
MLS® in Metro Vancouver in December 2025. This represents a 10.3 per cent increase
compared to the 1,676 properties listed in December 2024. This was 10.3 per cent above the
10-year seasonal average (1,677).
Across all detached, attached and apartment property types, the sales-to-active listings ratio
for December 2025 is 12.7 per cent. By property type, the ratio is 9.3 per cent for detached
homes, 14.6 per cent for attached, and 15.1 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.
Sales of detached homes in December 2025 reached 431, a 12.8 per cent decrease from the
494 detached sales recorded in December 2024. The benchmark price for a detached home
is $1,879,800. This represents a 5.3 per cent decrease from December 2024 and a 1.1 per cent
decrease compared to November 2025.
Sales of apartment homes reached 791 in December 2025, a 11.2 per cent decrease compared
to the 891 sales in December 2024. The benchmark price of an apartment home is $710,000.
This represents a 5.3 per cent decrease from December 2024 and a 0.6 per cent decrease
compared to November 2025.
Attached home sales in December 2025 totalled 303, an 18.3 per cent decrease compared to
the 371 sales in December 2024. The benchmark price of a townhouse is $1,056,600. This
represents a five per cent decrease from December 2024 and a 0.8 per cent decrease
compared to November 2025.
Call Rick to get him working for you- 778- 389-2164