As another year draws to a close, the Metro Vancouver housing market continues its narrative of adjustment and strategic positioning. For both homeowners looking to sell and investors seeking new opportunities, understanding these subtle shifts is key. At Vancouver Property Management (VPM Group), we’re dedicated to keeping you informed, whether you’re interested in sales or our expert property management services.
Let’s dive into the latest data from November 2025 and uncover what it means for you.
A Look at November’s Key Trends
November saw a continuation of trends observed in October, characterized by a more balanced market where buyers hold more leverage. The Greater Vancouver REALTORS® (GVR) reported a total of 1,846 residential sales in November 2025. While this marks a 15.4% decrease from November 2024 and is 20.6% below the 10-year seasonal average, it paints a picture of deliberate decisions rather than rapid transactions.
Andrew Lis, GVR’s chief economist, aptly summarizes the situation: “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.” This “new reality” means that sellers who price their properties competitively and in line with current market expectations are the ones successfully closing deals.
Inventory Rises, Offering More Choice
Good news for buyers! Inventory levels remain healthy. November 2025 saw 15,149 properties currently listed for sale, a notable 14.4% increase compared to November 2024. This figure is also 36.3% above the 10-year seasonal average.
More inventory translates to more choice and less pressure for buyers, empowering them to take their time and find the right property. This abundance also puts downward pressure on prices, a trend we’ve been observing.
Price Adjustments Across Property Types
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver now stands at $1,123,700. This reflects a 3.9% decrease from November 2024 and a slight 0.3% decrease compared to October 2025.
Here’s a breakdown by property type:
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Detached Homes: Sales were down 13.6% from last year, with a benchmark price of $1,900,600 (a 4.3% decrease from November 2024).
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Apartment Homes: Sales decreased by 13.2%, and the benchmark price is $714,300 (a 5.2% decrease from November 2024).
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Attached Homes (Townhouses): Sales saw the largest decrease at 22.4%. The benchmark price is $1,065,600, showing a 4.4% decrease from November 2024 but a slight 0.1% increase from October 2025 – an interesting micro-trend to watch!
The Sales-to-Active Listings Ratio: A Key Indicator
The sales-to-active listings ratio for November 2025 is 12.6% across all property types. This ratio is crucial:
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Below 12% for a sustained period generally indicates downward pressure on prices.
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Above 20% for several months typically signals upward pressure.
With the current ratio sitting just above the 12% threshold, it reinforces the market’s balanced state, favoring buyers and encouraging sellers to be realistic with their pricing.
Looking Ahead: A Quiet Close to the Year
“With borrowing costs likely to remain steady into the new year,” Lis notes, “any uptick in demand will need to arise from a significant change in buyer sentiment.” As December typically brings quieter market activity, we anticipate a calm end to a year that has been marked by considerable uncertainty and adjustment.
How VPM Group Can Help You Navigate This Market
Whether you’re considering selling your property, looking to invest in this evolving market, or need expert management for your existing assets, Vancouver Property Management (VPM Group) is your trusted partner. Our deep understanding of Metro Vancouver’s unique real estate landscape allows us to provide tailored advice and services for both sales and comprehensive property management.
Thinking of selling? We can help you strategically price your property to attract serious buyers in the current climate. Looking to invest? Our team can guide you through opportunities in this buyer-friendly market. Need property management? Let us handle the complexities of tenant relations, maintenance, and legal compliance, ensuring your investment is protected and profitable, especially with the intricate details of the BC Residential Tenancy Act.
Contact VPM Group today for a personalized consultation. Let us help you make informed decisions in the Metro Vancouver housing market.
