Archived report. 21 newer months have been published since: read the October 2026 report for where the market is now.
By the numbers
Benchmark priceGreater Vancouver composite benchmark
$1.17M
Month over month
+0.1%
Year over year
+0.6%
Sales (month)Detached, townhouse and apartment only
1,460
Active listingsDetached, townhouse and apartment only
10,063
Months of inventoryActive listings divided by average monthly sales over the past 12 months, so it will not equal this month’s active listings divided by this month’s sales.
4.8
January 2025 closed with the Greater Vancouver composite Home Price Index (HPI) benchmark at $1.17M, up 0.6% from a year ago. The HPI is the Canadian Real Estate Association (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 rose 0.1%. 1,460 detached, townhouse and apartment sales were reported against 10,063 active listings of those three types. The board's own news release counts every home type, so its totals are higher.
For those three home types the sales-to-active ratio sat at 14.5%, putting Greater Vancouver in balanced market territory by board convention. Boards call under 12% a buyers’ market and over 20% a sellers’ market.
For neighbourhood-level detail across the Greater Vancouver territory, see the per-area pages. Each one carries the latest benchmark for that specific neighbourhood.
Frequently asked questions
What was the Greater Vancouver Home Price Index (HPI) benchmark in January 2025?
January 2025's composite Home Price Index (HPI) benchmark for the Greater Vancouver REALTORS® territory was $1.17M. That's up 0.6% from a year ago and flat 0.1% from the month before. The HPI is a quality-adjusted price benchmark, calculated by the Canadian Real Estate Association (CREA) and the boards.
Was January 2025 a buyers' market or sellers' market in Greater Vancouver?
The sales-to-active-listings ratio for January 2025, counting detached, townhouse and apartment homes, was 14.5%. Boards call under 12% a buyers’ market and over 20% a sellers’ market.
What does the Greater Vancouver board cover?
The Greater Vancouver REALTORS® territory covers Vancouver, Burnaby, Richmond, North and West Vancouver, Coquitlam, Port Coquitlam, Port Moody, and the rest of the Greater Vancouver REALTORS area. Bronson Job PREC, REALTOR® serves clients across this footprint as well as adjacent Fraser Valley communities through dual board membership.
Source: Greater Vancouver REALTORS®. The benchmark is the composite Home Price Index (HPI) across detached, townhouse and apartment homes. Sales and active listings are the board’s statistics-tool counts for those same three types, so the total in the board’s own news release, which counts every residential type, can be higher. The benchmark is an aggregate measure: specific properties may transact above or below it. The HPI is the quality-adjusted price index the Canadian Real Estate Association (CREA) and the boards publish.
Want to see how your area compares?
The same board data, charted however you want to look at it.