Home Sales in Greater Vancouver See Decline in 2025
In 2025, Greater Vancouver experienced a significant 12.9% drop in home sales compared to the previous year, marking the lowest annual sales volume in over twenty years. According to the Greater Vancouver Realtors, only 1,537 homes were sold in December, falling 20.7% below the usual December average over the last decade.
The composite benchmark price for residential properties in the region stood at $1,114,800 by the end of 2025. This figure reflects a 4.5% decline from December 2024 and a 0.8% decrease from November 2025. Andrew Lis, the chief economist and vice-president of data analytics at the board, described 2025 as a remarkable year, with total residential sales dropping by 10.4% from 2024 and 9.3% from 2023.
Despite the decline in sales, sellers in Greater Vancouver set a new record by bringing the highest number of listings to the market since the mid-1990s. The region saw over 65,000 properties listed in 2025, marking an 8.2% increase from 2024 and a substantial 28.4% rise from 2023.