Vancouver area home sales hit lowest level in more than two decades in 2025

Greater Vancouver recorded its lowest annual home sales total in more than two decades in 2025, with 23,800 residential properties sold—a 10.4 per cent decrease from 2024 and nearly 25 per cent below the 10-year annual average. This marks the fewest sales in the region since before the 2008 financial crisis, which saw over 24,000 properties sold. The market was defined by weak buyer demand, rising inventory and easing prices across all property types. There were more than 65,000 total properties listed in the region in 2025, an 8.2 per cent increase compared with 2024 and more than 28 per cent above 2023 levels. Benchmark prices fell: detached homes down 5.3 per cent year-over-year to $1,879,800, condos down 5.3 per cent to $710,000 and townhouses down 5 per cent to $1,056,600. Experts attribute the downturn to trade tensions with the United States and broader economic uncertainty.