Vancouver’s housing market hasn’t looked encouraging for many years now, but things may be looking up soon. Recent reports from REMAX expect prices to drop by a fair amount by the end of 2025.
Housing market bubbles across Canada are soon to pop, so get ready for when they do.
VANCOUVER’S HOUSING MARKET PRICES
REMAX’s Fall 2025 Greater Vancouver Housing Market Update notes that the average residential sale price of a detached property is around $2,483,000. This is a huge number, but it’s also a smaller one compared to the 2025’s earlier price of $2,651,000.
Overall, the Vancouver housing market has decreased by 6.3%, with “average sales prices across all property types… expected to decline by about 10 per cent.” REMAX also mentions that it is currently a buyer’s market. Locals are driving sales throughout the region.
The biggest challenge to the market remains economic uncertainty.
PRICE OUTLOOKS
“The Vancouver housing market is experiencing a growing surplus of listings, as many sellers remain convinced their homes are worth as much as last year. In reality, prices have not only declined but continue to slide.”
REMAX’s Fall 2025 Housing Market Outlook report also says that Vancouver had the largest rise in listings in Canada. Specifically, listings are up by 19%.
Yet, buyers remain hesitant and uncertain. Many believe that prices could drop further if they buy now, and so are opting to wait and see if the prices will continue to fall. “Efforts to cool the Vancouver housing market have led to domestic buyers participating at levels far below expectations.”
According to REMAX, housing prices will decrease by 15% by the year’s end. The average cost would be approximately $2,110,550.
If you’re looking to buy a house this year, then it may be time to start looking at properties.
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