Real Estate Market Report | Vancouver | December 2025
Inventory Climbs as Buyer Urgency Fades Across Lower Mainland
With an uncertain economic future, homebuyers are looking to see what the final implications may be – the good news is that selling with Bōde mitigates that risk entirely by maximizing your equity, you’ll outperform traditional methods of buying and selling.
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So what's happening in the Vancouver real estate market as of December 2025?
Across Vancouver’s market, supply growth is outpacing demand by a widening margin. New listings tracked just 3% above the five-year November average, but sales came in 14% below typical levels. That divergence pushed inventory 35% higher and stretched months of supply 43% beyond the November norm. What we’re observing is reduced buyer urgency and considerably longer decision cycles. Year-over-year pricing is now negative at -3.22%, and that 2.38% monthly decline signals building near-term pressure. Sellers are facing meaningfully more competition than in recent years, while buyers have regained leverage through expanded choice, better timing, and real negotiation flexibility that’s been largely absent from this market.
Vancouver's Detached Homes
The detached segment is showing the clearest cooling across Greater Vancouver. New listings ran 3% above the five-year November average while sales fell 14% short of typical levels. Inventory climbed 31% above the norm, pushing months of supply 40% higher than usual for November. The benchmark for detached homes stands at $1,905,300 (HPI: 357.1), but price momentum has weakened considerably—down 3.39% month-over-month and 6.23% year-over-year. Affordability constraints and higher carrying costs continue weighing heavily on demand at this price point. Sellers need to price realistically and prepare for extended market times. Buyers hold the strongest negotiating position they’ve had in several years.
Vancouver's Condomimums
Vancouver’s condo market is demonstrating relative resilience despite elevated inventory. New listings came in essentially flat—down just 1% versus the five-year November average—yet sales dropped 15% below typical levels. Inventory still climbed 31% above the norm, driving months of supply 39% higher than usual for November. The condominium benchmark sits at $714,300 (HPI: 332.4), and pricing has actually posted gains—up 3.41% month-over-month with modest 0.77% annual growth. Relative affordability and ongoing investor interest continue supporting values in this segment, though that elevated supply signals rising competition among sellers. This remains Vancouver’s most price-stable property type heading into winter.
Vancouver's Attached Homes
Attached properties experienced the most dramatic supply expansion relative to historical patterns. New listings surged 18% above the five-year November average while sales declined 13% below typical levels. Inventory jumped 54% above the norm, with months of supply running 59% higher than the November benchmark. The attached benchmark stands at $1,065,600 (HPI: 373.4), showing an interesting pricing split—up 3.42% month-over-month but down 1.32% year-over-year. This segment reflects the market’s current tension: recent monthly gains suggest near-term stability, but elevated supply and declining annual values indicate sellers face meaningful headwinds. Buyers benefit from the broadest selection and strongest negotiating flexibility across most attached product types.
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