Metro Vancouver Real Estate Market Insights: Stats Centre Reports - December 2025

Jersey Li
Dec 5, 2025
5 min read

Updated: Jan 17

Metro Vancouver Real Estate Market Insights: Your Comprehensive Real Estate Update with Jersey Li ☀️

Stats Centre Reports - November 2025

It's always sunny with me ☀️ This is your REALTOR®, Jersey Li 😄!

Prices Down. Sales Down. And No — 2026 Won’t Save Us.

Your Metro Vancouver Real Estate Market Insights are here. November’s numbers are in… and the slowdown is deepening. Both prices and transactions dropped again, and all indicators point to an even quieter December — one of the slowest months of the year for Metro Vancouver real estate.

Despite another interest rate adjustment, the reality is simple: rate cuts are no longer enough to drive buyer urgency or push prices upward. The market remains cautious, inventory remains high, and buyers continue to wait for clarity that hasn’t arrived yet.

Is this the bottom?

Not yet.

Is 2026 going to be better?

Unfortunately, no — and here’s why.

🔮 Jersey’s Market Prediction

Every signal in today’s market points to continued softness through 2026.

Let’s look ahead. If you think this year feels slow, buckle up — 2026 and 2027 are shaping up to be the most pivotal years Vancouver real estate has seen since 2008.

Backtrack four or five years, and you’ll remember the presale frenzy of 2020–2021. Developers were selling out towers before ground broke. Investors lined up overnight to sign contracts. That “gold rush” is now coming full circle — all those towers are about to be completed in 2026 and 2027.

That means we’re about to see a massive wave of new inventory hit the market simultaneously.

📉 Here’s what this means for different players:

Condo sellers: Expect heavy competition. If you plan to sell your unit in the next two years, you’ll be going head-to-head with brand new developer listings — often priced aggressively to move inventory.
Investors: Prepare for shrinking profit margins. Many presale buyers from 2020–2021 bought at the peak and will likely take losses when trying to resell.
Developers: Brace for turbulence. Some are already facing financing issues, and as borrowing costs stay high, we’ll likely see an uptick in developer bankruptcies and court-ordered liquidations.

This period will separate the resilient from the reckless.

🧭 My personal forecast:

2026–2027: Flood of condo supply, investor fatigue, and possible forced sales.
2028: The actual bottom of the cycle, when inventory finally clears and prices stabilize.
2030–2032: The beginning of a gradual recovery phase, with consistent appreciation and renewed investor confidence.

If you’re sitting on property, stay humble and strategic. Protect your cash, avoid over-leveraging, and resist unnecessary risk.

In tough times, tough people don’t panic — they position themselves.

And remember, I’m not an economist — I’m just your friendly neighbourhood REALTOR® calling it as I see it. But after a decade of watching the numbers, I can tell you this: the best opportunities always emerge when fear is highest, and confidence is lowest.

Watch the Market Insights Video

Jersey’s Advice for Sellers

🏷️ Sellers, this is a time for clarity — not nostalgia.

If you must sell within the next two years, it's better to sell sooner rather than later. Prices continue to soften month after month, and waiting will only put you in competition with more inventory — especially the incoming presales in 2026.

If your property is:

Cash-flow positive
Tenanted with reliable income
Not urgent to sell

…then hold long-term.

This correction will take time to work through, but real estate rewards those who hold through cycles, not those who react emotionally to dips.

But if you are selling now, price realistically. The only sales happening today are those where sellers align with the current market, not the market of years ago.

Jersey’s Advice for Buyers

🧠 Buyers, this remains your market — but success requires strategy.

If you’re buying for investment, the advice remains unchanged:

❌ Do not buy right now.

Returns will be squeezed, competition from presale completions will rise, and future pricing is still in decline.

If you’re a first-time homebuyer, this is your time to explore:

More inventory.
More negotiating power.
More sellers are willing to meet you where you are.

Use this window to:

Bargain firmly
Compare aggressively
Avoid emotional decisions
Walk away if the seller won’t adjust

If you’re an upgrader, always sell first — then buy.

Selling is more complicated than buying right now, and securing your sale removes all risk when stepping into your next purchase.

Sales Stats

📊 November 2025 Market Stats

November continued the cooling trend we’ve seen throughout the second half of the year, with both prices and transactions slipping further. Metro Vancouver recorded 1,846 home sales, a 15.4% decline from November 2024 and sitting 20.6% below the 10-year seasonal average. This signals a market where buyers remain cautious, and sellers are slowly adjusting expectations. Inventory remains elevated, giving buyers more choices while applying steady downward pressure on values.

Prices continued to soften across all major housing categories. The composite benchmark price dropped to $1,123,700, down 3.9% year-over-year and 0.3% month-over-month. Detached homes now sit at $1,900,600 (down 4.3% annually), apartments at $714,300 (down 5.2%), and townhomes at $1,065,600 (down 4.4%). Properties are taking longer to sell, and the only segment that held flat month-to-month was townhomes — though this stability is marginal, not indicative of a rebound.

Inventory remains a defining feature of today’s market. With 15,149 active listings, up 14.4% from last year and a complete 36.3% above the long-term average, buyers continue to hold the advantage. The sales-to-active listings ratio stands at 12.6%, indicating ongoing downward pressure on pricing, especially in detached homes, where it has slipped below 10%. As December approaches — historically one of the slowest months of the year — the data suggests a quiet end to a year marked by uncertainty and adjustment.

👉 Click here to obtain the full market breakdown.

Rental Market Trends

🏙️ The rental market tells its own story — and it reinforces the buyer’s market dynamic.

Across Metro Vancouver, rents have fallen year-over-year in almost every major city, including Vancouver, Burnaby, Richmond, and North Vancouver.

Vancouver saw particularly steep declines:

2-bedroom rents: down 12.49% YoY
3-bedroom rents: down 11.97% YoY

Every neighbourhood in Vancouver recorded rent drops for unfurnished 1-bedrooms — except Shaughnessy.

Pressure was strongest in:

Dunbar-Arbutus (⬇ 18.10%)
Killarney (⬇ 14.92%)
Marpole (⬇ 14.17%)

These declines suggest that tenants have reached affordability ceilings and that more investor units are entering the rental stock, increasing competition.

And yet, not all cities are softening.

Langley is bucking the trend with: