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Greater Vancouver · Monthly Market Report

May 2025Real Estate Board of Greater Vancouver

By the numbers

Benchmark price

$1.17M

FVREB / REBGV composite HPI

Month over month

-0.6%

Year over year

-2.8%

Sales (month)

2,097

Active listings

15,223

Months of inventory

7.8

May 2025 closed with the Greater Vancouver composite HPI benchmark at $1.17M, 2.8% lower 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 0.6%. 2,097 sales were reported against 15,223 active listings on the books.

The sales-to-active ratio sat at 13.8%, 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 May 2025?
May 2025's composite HPI benchmark for the Real Estate Board of Greater Vancouver territory was $1.17M. That's lower 2.8% year-over-year and down 0.6% month-over-month. The HPI is the industry-standard quality-adjusted price benchmark, computed by CREA and the boards.
Was May 2025 a buyers' market or sellers' market in Greater Vancouver?
The sales-to-active-listings ratio for May 2025 was 13.8%. 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.

Related

Sibling months

Other Greater Vancouver reports

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.