In 2025, the average home price in Greater Vancouver was approximately $1,184,500, representing a modest year-over-year decline of about 1.8% as higher borrowing costs and increased inventory slowed market momentum.

The condominium segment also softened slightly, with prices declining as buyers gained more negotiating power amid rising supply levels.

2025 Residential Property Performance

Detached Homes

• Annual Average: Approximately $2.02 million, remaining the most expensive housing segment in Canada despite slight price adjustments.

• Peak Period: Spring remained the strongest seasonal market, although sales activity stayed below long-term averages.

• Market Leader: West Vancouver, North Vancouver, and Vancouver West continued to command premium detached pricing due to limited land supply and strong luxury demand.

Condominiums

• Annual Average: Roughly $731,200–$762,800 across the Greater Vancouver region.

• Year-Over-Year Change: Prices declined about 5% in some segments as inventory rose.

• Market Trend: Condos remained the primary entry point for buyers, particularly near transit-oriented neighbourhoods.

Attached Homes (Townhomes/Duplexes)

• Average Price: Approximately $1.10 million region-wide.

• Demand Trend: Townhomes continued attracting families priced out of detached homes, helping values remain comparatively stable.

Market Dynamics & Forecasts

• Overall Trend: Sales activity slowed throughout 2025 as economic uncertainty and affordability challenges kept many buyers on the sidelines.

• Average Price: Aggregate home values hovered near $1.18 million across all housing types.

• Inventory: Active listings increased significantly, creating more balanced conditions after several years of seller-dominated markets.

• Neighborhood Hotspots: East Vancouver, North Vancouver, Burnaby and transit-oriented communities. More affordability was generally found in suburban markets such as Surrey and Langley.

• 2026 Outlook: Market forecasts and the Greater Vancouver Realtors anticipate modest price stabilization, with gradual improvement expected as borrowing costs ease and buyer confidence returns.