State of BC Real Estate — October – December 2025
Published 2026-05-16 · By Bronson Job PREC, REALTOR® · Royal LePage Ben Gauer & Associates
The final quarter of 2025 closed out a notably slow year. The Greater Vancouver composite benchmark ended December at $1,114,800, down 4.5% from a year earlier; the Fraser Valley finished at $905,900, down 6%. Both boards recorded one of their quietest years in a long time — Greater Vancouver REALTORS logged about 23,800 sales for 2025, its slowest annual total in more than two decades. Buyers ended the year holding the better hand.
Market notes
Greater Vancouver — the year in numbers
The Greater Vancouver composite benchmark was $1,114,800 in December 2025, down 4.5% year over year. December sales of 1,537 were about 12.9% below the same month a year earlier and roughly 20.7% below the 10-year seasonal average. For the full year, the board recorded about 23,800 residential sales — down 10.4% from 2024, and its slowest annual total in over twenty years.
Fraser Valley — the year in numbers
The Fraser Valley composite benchmark closed 2025 at $905,900, down 6% from a year earlier — and about 24% below the region’s March 2022 peak. The board recorded 12,224 sales for the full year, down 16% from 2024 and roughly a third below the 10-year average.
Prices by home type
In Greater Vancouver, December benchmarks were $1,879,800 for detached, $1,056,600 for townhouses, and $710,000 for apartments. In the Fraser Valley they were $1,388,400, $781,300, and $491,600. All three home types ended the year lower than they started it.
Where these numbers come from
Every figure in this review is drawn from the monthly statistics releases published by Greater Vancouver REALTORS and the Fraser Valley Real Estate Board. Benchmark prices are MLS® Home Price Index values.
Implications by audience
For buyers
A slow year is a buyer’s year. The reward for shopping in a quiet market is leverage; the discipline it asks for is patience and a firm read on what a home is actually worth at today’s benchmark, not yesterday’s.
For sellers
2025 rewarded realistic pricing and punished hope. Sellers who met the market sold; sellers who anchored to the 2022 peak — still roughly 24% above the Fraser Valley’s late-2025 benchmark — generally did not.
On the 2022 peak
The Fraser Valley benchmark ended 2025 about 24% below its March 2022 high. For an owner who bought near that peak, that gap is real on paper — but it only becomes an actual loss if they sell into it.
What followed
The new year opened in much the same key. Through the first quarter of 2026, benchmark prices were roughly flat and sales stayed well below the seasonal norm. 2026 began on the same soft, well-supplied footing 2025 ended on, rather than with a turn.
Related
- BC Real Estate Codex — every fact cited above with full provenance
- Cross-fact Codex changelog
- Vancouver Special Index — Lower Mainland affordability
- Monthly board market reports (FVREB, GVR)
- All quarterly reports
Verified sources (2)· re-verified 2026-05-19Click to expand
Every claim on this page is sourced to a primary government, regulator, or industry-association URL. We re-verify quarterly; the verification dates below show when each source was last confirmed against the live government page.
- BC Governmentretrieved 2026-05-19Property Transfer Taxhttps://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax
- BC Governmentretrieved 2026-05-08Property Transfer Tax Act, RSBC 1996, c. 378https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/96378_01
bc.ptt.brackets · v1View in Codex →Verified sources (1)· re-verified 2026-05-08Click to expand
Every claim on this page is sourced to a primary government, regulator, or industry-association URL. We re-verify quarterly; the verification dates below show when each source was last confirmed against the live government page.
- OSFIretrieved 2026-05-08Guideline B-20: Residential Mortgage Underwriting Practices and Procedureshttps://www.osfi-bsif.gc.ca/en/guidance/guidance-library/final-revised-guideline-b-20-residential-mortgage-underwriting-practices-procedures
osfi.b20.stress_test · v1View in Codex →Cite this report: Bronson Job (2026). State of BC Real Estate — 2025 Q4. https://www.bronsonjob.com/reports/state-of-bc-real-estate-2025-q4.
