Great Vancouver Area

Greater Vancouver Housing Market Shows Mixed Signals as Prices Dip but Benchmarks Hint at Resilience

The Greater Vancouver housing market opened 2025 with softer average prices, though benchmark data revealed pockets of stability. In January, the average home price fell to $1,208,415, down 3.6% year-over-year (YoY) and 5.3% month-over-month (MoM). Declines were widespread across property types:

• ​Detached homes: Averaged $2,095,187, dipping 1.4% MoM and 1.1% YoY.

• ​Attached houses: Dropped 2.6% MoM to $1,224,816.

• ​Apartments: Slipped 0.3% MoM to $806,400.

Benchmark Prices Tell a Different Story
In contrast, Metro Vancouver’s benchmark price—a measure reflecting “typical” homes—edged up 0.5% YoY to $1,173,000, signaling underlying market strength. Sector trends diverged:

• ​Detached homes: Benchmark rose 3.1% YoY to $2,005,400.

• ​Attached homes: Increased 2.7% YoY to $1,105,600.

• ​Apartments: Declined 1.7% YoY to $748,100.

Market Outlook: Opportunities Amid Adjustments
While average price declines suggest short-term buyer leverage, the resilience in benchmark figures—particularly for detached and attached homes—points to a market with potential for recovery. Analysts note that price adjustments, combined with stable demand for well-positioned properties, could create strategic entry points for buyers and investors. Sellers, however, may need to temper expectations amid heightened inventory and selective buyer caution.

The disparity between average and benchmark trends underscores the importance of property-specific factors in navigating Greater Vancouver’s evolving real estate landscape.