Home Trends from Michael & Janet Tanlimco

MICHAEL TANLIMCO & JANET TANLIMCO

Housing market sees little change as year-end nears

ACTIVE LISTINGS 15,149

BENCHMARK PRICE Detached $1,900,600

BENCHMARK PRICE Apartment $714,300

VANCOUVER, B.C. – December 2, 2025 – Metro Vancouver home-sale trends observed in October continued in November, as sales registered on the MLS® remained lower than this time last year. “As the year draws to a close, the data continues telling a story of a market with many buyers patiently waiting and sellers adjusting to market conditions not seen in years,” said Andrew Lis, GVR’s chief economist and vice-president, data analytics. “Inventory remains healthy, providing buyers ample choice, which, by contrast, is pushing sellers to accept that pricing must reflect this new reality. Buyers and sellers are striking deals when their expectations are aligned and reflective of the current market – not the market of years ago.” The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 15,149, a 14.4 per cent increase compared to November 2024 (13,245). This is 36.3 per cent above the 10-year seasonal average (11,116). Sales of detached homes in November 2025 reached 541, a 13.6 per cent decrease from the 626 detached sales recorded in November 2024. Sales of apartment homes reached 945 in November 2025, a 13.2 per cent decrease compared to the 1,089 sales in November 2024. The benchmark price of an apartment home is $714,300. Attached home sales in November 2025 totalled 350. The benchmark price of a townhouse is $1,065,600. Source: The Greater Vancouver REALTORS® | Market values stated are of the benchmark of Vancouver and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

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