November 2025 Market Insights – Watch GVR November 2025 overview of housing market activity in Metro Vancouver.

Metro Vancouver* home-sale trends observed in October continued in November, as sales registered on the MLS® remained lower than this time last year.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,846 in November 2025, a 15.4 per cent decrease from the 2,181 sales recorded in November 2024. This was 20.6 per cent below the 10-year seasonal average (2,324).

“As the year draws to a close, the data continues telling a story of a market with many buyers patiently waiting and sellers adjusting to market conditions not seen in years. Inventory remains healthy, providing buyers ample choice, which, by contrast, is pushing sellers to accept that pricing must reflect this new reality. Buyers and sellers are striking deals when their expectations are aligned and reflective of the current market – not the market of years ago.” — Economics and Data Analytics

* Areas covered by the Real Estate Board of Greater Vancouver include: Bowen Island, Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.

Sales-to-active listings ratio for November 2025

Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 % for a sustained period, while home prices often experience upward pressure when it surpasses 20% over several months. You can see more details on Greater Vancouver Realtors®.

Detached Houses for sale, houses for sale, Residential properties

9.7 % – Buyer’s Market

New Listings Townhouses for Sale

12.6 % – Balanced Market

New Listings Condos for sale, Residential properties

14.8 % – Balanced Market

Check our Market Statistics page to see detailed October 2025 market insights for Greater Vancouver & Fraser Valley, broken out by city and housing type (detached homes, condos, townhouses) .  The movements in prices, sales, number of days a listing is on the market, and sales to active ratio by city will give you a real understanding of how the market is shifting neighborhood by neighborhood.   This is really important:  Greater Vancouver is made up of a lot of local markets, which can move very differently!  For example, the market might be HOT in Maple Ridge and slow in Vancouver, or HOT for condos and slow for detached homes… and it is shifting all the time!  Sometimes the shifts are small, other times they are very significant.  We track movements across the entire region – contact us for further insights!

Check our other blogs under Videos  – that might give you answers about buying or selling a home.

If you are interested in Real Estate in general, and want to get updates, check out our:

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If you plan on Selling your home:

  • Check first what our clients are looking for on Sell my house FAST page. Our clients are qualified and ready to write offers at the market price!
  • Check the Listing Prices and the Sell Prices of similar properties in your neighbourhood on the Search by Map page.