Downtown Vancouver Condo Market Statistics

Happy New Year !!  

Home sales registered in the MLS in Metro Vancouver finished the year down 10%, marking the lowest annual sales total in over twenty years.  The Greater Vancouver Realtors (The Real Estate Board) reports that residential sales in the region totalled 23,800 in 2025, a 10.4% decrease from the 26,561 sales recorded in 2024, and a 9.3% decrease from the 26,249 sales in 2023.  Last year’s sales total was 24.7% below the 10-year annual sales average (31,625).

"This year was one for the history books. Although the sales total was the lowest in over two decades, Realtors were still busy listing properties. Sellers brought the highest total of listings to market on record since the mid-1990s, eclipsing the previous record high in 2008 by a little over 1,000 listings." Andrew Lis, GVR chief economist and vice-president data analytics. 

“With sales down and inventory remaining plentiful, prices eased across all property types since the start of 2025. Sales and prices weren’t the only metrics that came down, borrowing costs fell nearly one full percentage point,” said Lis. “With lower prices, lower borrowing costs, and plenty of inventory to choose from, homebuyers in 2026 are starting the year with favourable conditions. Whether these conditions translate into a market with stronger demand will be the million-dollar question – and we’ll be monitoring this story closely as it unfolds.”      

Focusing on the Downtown Vancouver condo market in December 2025, sales, inventory and prices are all down.  

The under $900,000 market is selling at 23%, 79 out of 350 homes are selling, up 7% from last month. 

The $900,000 to $1,000,000 market is selling at 18%, 11 out of 61 homes are selling, up 7% from last month. 

The $1,000,000 to $1,250,000 market is selling at 18%, 13 out of 71 homes are selling, up 2% from last month. 

The $1,250,000 to $2,000,000 market is selling at 5%, 7 out of 153 homes are selling, down 7% from last month. 

The $2,000,000 to $2,500,000 market is selling at 11%, 8 out of 70 homes are selling, up 4% from last month. 

The $2,500,000 to $3,000,000 market is selling at 11%, 1 out of 39 homes are selling, up 8% from last month. 

The $3,000,000 to $5,000,000 market is selling at 6%, 2 out of 51 homes are selling, up 2% from last month.

The $5,000,000 plus market is selling at 0%, 0 out of 28 homes are selling, down 1% from last month.

Total unit sales in Downtown Vancouver were down 17% from last month and down 3% from December 2024. 

Those who are priced correctly for this market are selling on average at a rate of 34 days which is 13% slower than last month.

The median price decreased 15% from last month, and the median price has decreased 21% from December 2024. 

The average price per square foot decreased from $940 in November to $974 in December.

Our Downtown Vancouver inventory decreased by 27% from last month with 758 active listings which is down 4% from November 2024.  

The sellers’ best bets are 1 bedroom condos in Yaletown. And the buyers’ best bets are units priced from $1.25 million to $2 million. 

I hope you find this helpful, but should you have any questions please don’t hesitate to ask.

My best,

Ian

      Monthly Market Statistics Report