Greater Vancouver New(er) Home Resale Report: December 2025.

As we enter 2026, it is worth taking a moment to reflect on both the past year and the opportunities that lie ahead. 2025 was a challenging year for many households, marked by uncertainty, volatility and constant negative headlines. And yet, through the support of family, friends and professional networks, many people adapted, adjusted and found their footing. That resilience matters, because housing decisions are not made in isolation. They are shaped by community, stability and long term goals.

December 2025 closed with 151 newer resale homes sold, a 34% decline year-over-year, while overall inventory remained largely unchanged. Most of the increase in available homes came from townhomes and single-family properties, creating a rare opportunity for buyers to pause, reflect and make thoughtful decisions without the pressure of frantic competition.

Over the past year, interest rates have declined significantly. Coupled with major price adjustments across condos, townhomes and entry level single-family homes, this has resulted in meaningfully higher purchasing power for most buyers. A growing supply of newly completed, move-in ready homes, many incentivized by developers, further enhances the options and confidence buyers can have in their decisions. For many millennials who are now parents, this is particularly significant: neighbourhoods they may have assumed were out of reach are suddenly within consideration, offering the chance to shape the environments where their children’s childhoods will unfold.

It is a year for conscious, informed decision making, for exploring options and for entering the next chapter of life from a position of preparation and opportunity. Markets are cyclical, and the long-term game rewards patience, clarity and thoughtful choices.

It has been a volatile start to the 2020s, but there is reason for hope that the second half will bring more stability, starting in your own home. I wish everyone the very best for the new year and hope this report provides the insight and perspective to make the most of the opportunities ahead.

Townhome sales decline but opportunities arise south of the Fraser.

A total of 23 newer entry-level townhome sales were recorded in December 2025, down 28% year-over-year. There are currently 325 active listings throughout the tracked markets, a 22% increase compared to December 2024.

The Fraser Valley accounted for nearly 50% of all townhome transactions in December, reflecting continued buyer migration south of the Fraser, where median prices range from $762,500 in Surrey to $775,000 in South Surrey.

Median sale prices in Surrey, South Surrey and Willoughby (Langley) declined 6% to 9% year-over-year, or approximately $51,250 to $77,500, firmly positioning the market in buyer’s territory.

These conditions represent one of the best buying windows in recent years for young families looking to enter the market. In December 2025, median prices for newer entry-level townhomes ranged from $762,500 in South Surrey to $1.58 million in Vancouver West.

One-bedroom condos continue to see softer demand.

A total of 57 newer one-bedroom condo sales were recorded in December 2025, down 20% year-over-year, while active listings totalled 634, roughly in line with last year. South Surrey and North Vancouver continue to experience limited supply of newer one-bedroom condos, making them the only seller’s markets among the tracked areas.

With investors largely sidelined and young local buyers facing ongoing economic uncertainty, one-bedroom condos continue to see softer demand, despite being a primary entry point for first-time buyers. This dynamic keeps pricing under pressure and creates select buying opportunities for end users able to act decisively.

In December 2025, median prices for newer one-bedroom condos ranged from $395,000 in Surrey City Centre (North Surrey) to $952,500 in Downtown Vancouver.

Lots of negotiating room for two-bedroom condos.

A total of 54 newer two-bedroom condo sales were recorded in December 2025, down nearly 50% year-over-year. Prices declined by single- and double-digit percentages across the region, while inventory fell modestly by 5%. In dollar terms, these price adjustments are meaningful, translating to reductions of approximately $40,000 to $140,000 in most tracked markets.

With elevated inventory levels still in place, current conditions present one of the strongest negotiating environments in recent years for buyers.

In December 2025, median prices for newer two-bedroom condos ranged from $599,714 in Surrey City Centre to $1.05 million in Downtown Vancouver.

Sales of newer single-family homes stall.

The newer entry-level single-family market remained under pressure in December 2025, with just 17 sales recorded, down 32% year-over-year, while inventory increased 17%. One-third of the tracked markets reported no sales at all during the month.

Willoughby, Langley accounted for 66% of total sales, with a median price of $1.59 million, making it the only tracked submarket with newer homes priced below $1.6 million. Prices in Willoughby are down nearly $110,000 year-over-year, driving demand and positioning it as the only near seller’s market for entry-level single-family homes, where affordability continues to lead buyer activity.

With ample inventory and reduced urgency across most markets, current conditions allow buyers the time to research thoroughly and negotiate confidently. In December 2025, median single-family prices ranged from $1.59 million in Willoughby, Langley to $3,785,000 in Westside Vancouver.

Reasons why you should consider newer-home resale data:

• Facilitates wise choices in new pre-sale purchases by providing valuable comparables, offering insights into product considerations for both personal use and investment.
• Great for those looking to purchase housing that is still in the early stages of its lifecycle – this means less repairs and maintenance during the first few years of ownership.
• More recent building and developer history – provides assurance and certainty when making one of the most important transactions of your life.
• Homes include some of the latest design and technology – great for resale value.
• Monthly sales statistics crucial for evaluating and planning new housing developments.
• These figures are routinely used by industry stakeholders such as real estate developers to understand the value of land and anticipated market values for newly completed homes.

Read the full Dexter Realty report by Manraj Dosanjh.