Michael Dowling - Realtor

The 2025 Greater Vancouver real estate market marked a decisive shift from volatility to stability. After several years of interest-rate shocks, buyer hesitation, and regulatory change, the housing market across Greater Vancouver entered a phase defined by balance, realistic pricing, and renewed confidence.

This in-depth 2025 real estate market review breaks down pricing trends, buyer behaviour, inventory levels, and what homeowners and investors should expect heading into 2026.

Greater Vancouver Housing Market Overview (2025)

• The dominant theme of the 2025 housing market was market normalization.

• Key highlights:

• Gradual increase in home sales year-over-year

• More balanced conditions between buyers and sellers

• Fewer speculative transactions, more end-user demand

• Unlike boom-and-bust cycles of the past, 2025 delivered predictable, data-driven movement, creating healthier conditions for long-term decision-making.

Home Prices in Greater Vancouver: 2025 Trends

Detached Homes

• Prices remained resilient in established neighbourhoods

• Limited supply supported long-term values

• Sellers who priced accurately saw consistent demand

Townhomes

• Top-performing property type in 2025

• Strong demand from families and move-up buyers

• Seen as the affordability bridge between condos and detached homes

Condos & Apartments

• Performance varied by location and building age

• Transit-oriented and newer developments outperformed

• Investor demand shifted toward long-term rental holds

• Bottom line: Flat or modest price growth in 2025 wasn’t weakness—it was market strength returning to fundamentals.

Interest Rates & Buyer Confidence

• Interest rate stabilization was one of the most influential drivers of market activity in 2025.

• As rate volatility eased:

• Buyers re-entered the market with confidence

• Conditional offers became more common early in the year

• Competitive bidding returned in select submarkets

• Instead of timing the market, buyers focused on securing quality properties ahead of anticipated future competition.

Housing Supply & Inventory Challenges

• Inventory remains the most persistent issue in the Greater Vancouver housing market.

• New listings increased modestly

• Housing starts improved but lagged population growth

• Zoning and density reforms showed promise—but long-term impact

• Despite short-term fluctuations, supply constraints continue to underpin price stability, especially for ground-oriented homes.

Real Estate Investment Trends in 2025

• Investor behaviour shifted noticeably this year.

What declined:

• Short-term speculation

• Aggressive flipping strategies

• What increased:

• Long-term rental investments

• Multi-generational ownership

• Value-add renovations with conservative timelines

• The result was a more professional, lower-volatility investment environment across the region.

Key Lessons from the 2025 Vancouver Real Estate Market

The most important takeaway from 2025:

• Greater Vancouver real estate rewards patience, preparation, and realistic strategy—not hype.

• Buyers who acted decisively and sellers who priced appropriately achieved strong outcomes, even without dramatic price growth.

Greater Vancouver Real Estate Forecast: Looking Ahead to 2026:

• Pent-up buyer demand remains significant

• Immigration continues to drive housing needs

• Rate stability supports long-term planning

• While challenges persist, the foundation entering 2026 is structurally strong, not speculative.

Final Thoughts

The 2025 Greater Vancouver real estate market proved once again that this region remains one of Canada’s most resilient housing markets. Stability, not stagnation, defined the year—and those who understood the shift were best positioned to succeed.