Vancouver remains one of the most dynamic—and expensive—housing markets in Canada. For buyers, investors, and homeowners, understanding where the market stands and where it’s headed is key to making smart decisions. This 2025 outlook provides a deep dive into current price trends, district performance, and what buyers and sellers can expect in the coming months.

• Vancouver Market Overview
• 2025 Average Home Prices
• Top Performing Districts by Price Growth
• Trends in Sales and Inventory
• What’s Driving the Vancouver Market?
• Buyer and Seller Outlook
• Related FAQs

Vancouver Market Overview

After a volatile few years, Vancouver’s housing market is showing signs of moderating pace. Prices dipped in 2023 but began stabilizing by mid-2024. Heading into 2025, buyer sentiment is gradually improving, though affordability remains a major concern.

As of April 2025, the average home price in the Greater Vancouver Area (GVA) stands at $1,184,500. This reflects a modest year-over-year decrease of 1.8% and a month-over-month decline of 0.5%, according to the Real Estate Board of Greater Vancouver (REBGV).

2025 Average Home Prices

Detached homes continue to dominate price charts, averaging $2,021,800. Townhomes hover around $1,102,300, while condos are slightly more attainable at $762,800. Benchmark prices are slowly inching upward as demand returns in key neighbourhoods.

That said, entry-level affordability remains a key issue—especially for first-time buyers. Condos in transit-friendly zones and older resale units are seeing strong interest due to lower price points and reduced competition.

Top Performing Districts by Price Growth

In 2024, several districts in Metro Vancouver showed standout performance in year-over-year price appreciation for detached homes. These include:
– East Vancouver
– North Vancouver
– New Westminster
– Burnaby South
– Coquitlam

These areas are attracting younger families and remote-working professionals due to a blend of price accessibility, space, and urban-suburban balance. Districts with future transit development are also performing well.

Trends in Sales and Inventory

Total home sales in April 2025 reached 2,163—down 23.6% year-over-year. However, active listings are 47.6% above the 10-year seasonal average, contributing to mild upward pressure on prices in desirable pockets.

Inventory is tight, especially for detached homes under $2 million. Condos, on the other hand, are more widely available, especially in downtown areas where investor activity has slowed slightly due to tighter lending policies.

What’s Driving the Vancouver Market?

Several key factors are influencing market behaviour:
– Interest rates are holding steady after previous hikes, boosting confidence
– Interprovincial migration has increased, especially from Alberta and Ontario
– Investor activity has slowed, opening space for end-users
– Immigration-driven demand continues to support urban housing

While pricing remains a barrier, low supply and steady demand are keeping the market stable. The luxury segment remains slow, while mid-market family homes are experiencing competitive bidding again in core suburbs.

Buyer and Seller Outlook

For buyers: this is a moment of cautious opportunity. If you’re financially ready and can secure a mortgage at current rates, there’s less competition and more time to negotiate than during peak frenzy periods. Focus on well-connected transit zones and high-growth districts if you’re buying for the long term.

For sellers: if your property is in a high-demand pocket, pricing strategically and preparing the home well can still result in multiple offers. However, homes in oversupplied condo areas or those priced too aggressively may linger longer on the market than before.

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Related FAQs

Q. Is the Vancouver housing market going to crash?
A. Unlikely. While prices have corrected slightly in recent years, low supply and strong demand continue to stabilize the market.

Q. What’s the average price of a detached home in Vancouver in 2025?
A. Around $2,021,800, depending on the district.

Q. Are condo prices falling in Vancouver?
A. Not significantly. Condo prices are stable with slight growth, especially in high-demand zones.

Q. When is the best time to buy in Vancouver?
A. Spring and early fall typically see more listings. Winter offers better negotiation, but less choice.

Q. What’s the biggest risk for buyers in 2025?
A. Overextending on monthly payments without a buffer for rate changes or property tax hikes.

Final Thoughts: Where Vancouver’s Market is Headed

Vancouver’s market is cooling after prior corrections after years of adjustment. While affordability challenges persist, opportunities exist—especially for informed buyers willing to look beyond the core or explore emerging districts.

With the right strategy, this market still offers long-term value. Track your affordability, understand your timing, and partner with an advisor who knows how to navigate Vancouver’s unique housing landscape.