If we had to describe 2025 in one word, it would be: reset.
After years of extreme highs and constant headlines, our market finally slowed enough to breathe, rebalance, and become more predictable again.
Total residential sales in 2025 were the lowest we’ve seen in over two decades, while listings reached their highest level since the mid-1990s. That combination alone tells the story: more choice, fewer rushed decisions, and a very different environment than recent years.
Prices followed that shift. The Metro Vancouver benchmark price finished the year around $1,114,800, down roughly 4.5% year-over-year. This confirmed what many buyers and sellers already felt...the market softened.
This doesn’t mean our market collapsed. It means it is corrected.
What This Means for North Vancouver
North Vancouver remains one of the most desirable places to live in the Lower Mainland, but 2025 showed clear price adjustments across all property types.
Approximate year-over-year benchmark changes in North Vancouver:
Detached homes: down about 3-4%
Townhomes: down about 4%
Apartments: down about 2-3%
This reflects what we’ve been seeing in real life: buyers are negotiating more, listings are taking longer to sell, and pricing accuracy has become critical. Well-priced homes still sell but the market no longer forgives overpricing.
What This Means for West Vancouver
West Vancouver experienced some of the strongest corrections in the region, particularly in higher-end products.
Approximate year-over-year benchmark changes in West Vancouver:
Detached homes: down about 6-7%
Townhomes: down about 7-8%
Apartments: down about 10-11%
Luxury and premium markets always feel corrections more sharply, and 2025 clearly reflected that in West Vancouver. Buyers are far more selective, and sellers must be realistic to compete.
A More Balanced Market
The market is no longer driven by urgency. It is now driven by strategy.
We are in a window where buyers have options, and sellers must compete. That shift creates a healthier, more balanced environment for everyone.
What Buyers Should Know
Buyers are entering 2026 with:
More inventory
More negotiating power
Lower prices than last year
Lower borrowing costs
This is the type of market where thoughtful, patient buyers can find real opportunity.
What Sellers Should Know
Homes are still selling, but pricing and presentation are now critical. The days of simply listing and waiting for multiple offers are behind us for now.
Sellers who understand today’s market, competition, and buyer mindset will still do very well.
Our Honest Take
2025 wasn’t a crash. It wasn’t a boom. It was a correction that created clarity.
We now have a market that rewards preparation, local expertise, and realistic strategy. And that’s exactly the type of market we love working in for our clients.
If you’re thinking about buying or selling in North or West Vancouver in 2026, understanding these trends isn’t optional anymore - it’s essential.
And as always, we’re here to walk you through what they mean for your specific situation.
After years of extreme highs and constant headlines, our market finally slowed enough to breathe, rebalance, and become more predictable again.
Total residential sales in 2025 were the lowest we’ve seen in over two decades, while listings reached their highest level since the mid-1990s. That combination alone tells the story: more choice, fewer rushed decisions, and a very different environment than recent years.
Prices followed that shift. The Metro Vancouver benchmark price finished the year around $1,114,800, down roughly 4.5% year-over-year. This confirmed what many buyers and sellers already felt...the market softened.
This doesn’t mean our market collapsed. It means it is corrected.
What This Means for North Vancouver
North Vancouver remains one of the most desirable places to live in the Lower Mainland, but 2025 showed clear price adjustments across all property types.
Approximate year-over-year benchmark changes in North Vancouver:
Detached homes: down about 3-4%
Townhomes: down about 4%
Apartments: down about 2-3%
This reflects what we’ve been seeing in real life: buyers are negotiating more, listings are taking longer to sell, and pricing accuracy has become critical. Well-priced homes still sell but the market no longer forgives overpricing.
What This Means for West Vancouver
West Vancouver experienced some of the strongest corrections in the region, particularly in higher-end products.
Approximate year-over-year benchmark changes in West Vancouver:
Detached homes: down about 6-7%
Townhomes: down about 7-8%
Apartments: down about 10-11%
Luxury and premium markets always feel corrections more sharply, and 2025 clearly reflected that in West Vancouver. Buyers are far more selective, and sellers must be realistic to compete.
A More Balanced Market
The market is no longer driven by urgency. It is now driven by strategy.
We are in a window where buyers have options, and sellers must compete. That shift creates a healthier, more balanced environment for everyone.
What Buyers Should Know
Buyers are entering 2026 with:
More inventory
More negotiating power
Lower prices than last year
Lower borrowing costs
This is the type of market where thoughtful, patient buyers can find real opportunity.
What Sellers Should Know
Homes are still selling, but pricing and presentation are now critical. The days of simply listing and waiting for multiple offers are behind us for now.
Sellers who understand today’s market, competition, and buyer mindset will still do very well.
Our Honest Take
2025 wasn’t a crash. It wasn’t a boom. It was a correction that created clarity.
We now have a market that rewards preparation, local expertise, and realistic strategy. And that’s exactly the type of market we love working in for our clients.
If you’re thinking about buying or selling in North or West Vancouver in 2026, understanding these trends isn’t optional anymore - it’s essential.
And as always, we’re here to walk you through what they mean for your specific situation.