VANCOUVER EAST DECEMBER APARTMENT MARKET
Attached please find the latest statistics from Greater Vancouver Realtors.
The News Release verifies that last January’s forecast of downside risks regarding 2025 Metro Vancouver Real Estate did indeed come to fruition. With a 10.4 percent decrease over 2024, last year shows the lowest annual residential sales total in over 20 years. This does however leave favourable conditions to start 2026 with lower prices and borrowing costs along with a healthy inventory.
Last month recorded a 12.9 percent decrease in residential sales compared to the previous December. Year to year newly listed properties are up 10.3 percent while last month’s total inventory is 14.6 percent higher than December 2024. The composite value of all properties is 4.5 percent lower December to December.
The graph shows a 1.7 percent dip from November to December for the average condominium sale price in Metro Vancouver. This December compared to last December, the overall benchmark price of an apartment is down 5.3 percent. Year to year the volume of condo sales is 11.2 percent less.
Vancouver east apartment prices are down 5.9 percent last month compared to December 2024. December to December east side apartment sales decline 29.8 percent. Year to year east side condo inventory drops 31.6 percent.
From November to December, east side apartment sales fall 33.7 percent. Month to month inventory plummets 47.2 percent.