December 2025 Vancouver Housing Update
🏙️ Market Overview
• Sales activity slowed meaningfully in 2025, with total Metro Vancouver sales down 10.4% year-over-year, marking the lowest annual sales volume in over two decades. The bottom line is there’s really just no urgency for buyers.
• Prices have slowly trickled lower and lower leaving buyers wondering where/when the bottom is making it hard for them to pull the trigger
Inventory moved in the opposite direction, with 65,335 homes listed in 2025 — the highest annual total since the mid-1990s.
• This imbalance created more negotiating power for buyers, while sellers faced a more competitive landscape than we’ve seen in years.
• Borrowing costs improved over the second half of the year, falling nearly 1% from peak levels, helping stabilize demand late in 2025. I believe rates will stay where they are for the next while.
📊 Key pricing Stats
Greater Vancouver
• Benchmark Price: $1,114,800
• Year-over-Year Price Change: ⬇️ 4.5%
• Sales-to-Active Listings Ratio (Dec): 12.7%
Slightly buyer-leaning market conditions
North Vancouver
• Composite Benchmark Price: $1,283,600
• Year-over-Year Price Change: ⬇️ 2.5%
• Detached Benchmark: $2,041,600 (⬇️ 3.8% YoY)
• Apartment Benchmark: $775,500 (⬇️ 2.8% YoY)
North Vancouver proved relatively resilient compared to broader Metro Vancouver, with shallower price declines and steady long-term demand, particularly for well-located family homes and quality concrete condos.
🏠 By Property Type (Greater Vancouver – YoY)
• Detached Homes: ⬇️ 5.3%
• Townhomes: ⬇️ 5.0%
• Apartments: ⬇️ 5.3%
Despite the pullback, prices remain well above pre-pandemic levels, with 5- and 10-year growth still firmly positive across all housing types.
🔮 Looking Forward to 2026
With prices off their peak, inventory still elevated, and borrowing costs sticky, buyers are entering 2026 with some of the most favorable conditions seen in years. The big question will be whether improving affordability translates into stronger demand — or if buyers remain patient and selective.
For sellers, pricing accuracy and presentation matter more than ever, while buyers who are prepared and decisive are finding real opportunities that simply didn’t exist a couple of years ago.
As always, if you want to understand how these broader trends apply to your specific neighbourhood or property type, I’m happy to dig into the numbers with you.
If you’re thinking of making a move in 2026 feel free to reach out to me or Steve Saretsky.
70 homes sold last year and happy to help you too!
Feel free to reach out if you want to connect with me! 778-951-5853 LUKE@SARETSKYGROUP.COM
^ Book a call with me to discuss your options here ^
Luke Annunziello | Vancouver Realtor
About Luke
Luke is a real estate professional with a distinguished career as a realtor since 2019, specializing in the Greater Vancouver market. His expertise extends beyond traditional real estate services, as he possesses a comprehensive understanding of property renovations, accumulated over a period of seven years. Clients appreciate Luke for his friendly nature and ability to establish rapport, making complex transactions more accessible.
Luke is a part of the esteemed Saretsky group which is part of the top 1% of all realtors in Vancouver. This affiliation with the Saretsky group translates into a range of benefits for his clients. From market expertise and extensive networks to enhanced marketing capabilities and exclusive opportunities, Luke can provide a superior level of service and results for those seeking assistance in the competitive Vancouver real estate market.
When not doing real estate transactions you can find him playing hockey, snowboarding on the mountains or spending time with his wife and daughter. Whether navigating the dynamic Vancouver market or incorporating renovation insights into property dealings, Luke stands as a reliable and professional ally, ensuring a seamless and positive experience for his clientele.
Whether you're looking to buy or sell a property in North Vancouver or elsewhere in Vancouver, Luke is the agent you can trust to guide you through the process and achieve your goals.
