December 2024 closed with the Greater Vancouver composite HPI benchmark at $1.17M, 0.6% higher than the same month a year earlier. The HPI is CREA and the boards' quality-adjusted typical-home benchmark — it filters out the noise that comes from mix shifts (more high-end sales pulling the average up, more entry-level pulling it down).
Month-over-month the benchmark eased 0.2%. 1,634 sales were reported against 8,712 active listings on the books.
The sales-to-active ratio sat at 18.8%, putting Greater Vancouver in balanced market territory by board convention (≤12% buyers', 12–20% balanced, ≥20% sellers').
For neighbourhood-level detail across the Greater Vancouver territory, see the per-area pages — each one carries the latest benchmark for that specific neighbourhood. For a buying or selling consultation, reach Bronson directly at 778-867-2766.
Frequently Asked
- What was the Greater Vancouver HPI benchmark price in December 2024?
- December 2024's composite HPI benchmark for the Real Estate Board of Greater Vancouver territory was $1.17M. That's higher 0.6% year-over-year and flat 0.2% month-over-month. The HPI is the industry-standard quality-adjusted price benchmark, computed by CREA and the boards.
- Was December 2024 a buyers' market or sellers' market in Greater Vancouver?
- The sales-to-active-listings ratio for December 2024 was 18.8%. By Greater Vancouver convention, a ratio of 12% or below is a buyers' market, 12–20% is balanced, and above 20% is a sellers' market.
- What does the Greater Vancouver board cover?
- The Real Estate Board of Greater Vancouver territory covers Vancouver, Burnaby, Richmond, North & West Vancouver, the Tri-Cities, and the rest of the REBGV territory. Bronson Job PREC, REALTOR® serves clients across this footprint as well as adjacent Fraser Valley communities through dual board membership.
Source: Real Estate Board of Greater Vancouver. Composite HPI benchmark across all property types (detached, townhouse, apartment). Aggregate measures — specific properties may transact above or below the benchmark. HPI is the CREA / board industry-standard quality-adjusted price index.