Highlights of Dexter’s March 2026 report
 

• Significant gains in sales since January

• Inventory rising, but improving absorption keeps market balanced

• Balanced conditions expanding across most Metro Vancouver submarkets

• Suburbs showing more confidence

March Market Overview: Momentum Returns, Balance Builds, and Opportunity Expands

As we moved into spring, the real estate market in March showed acceleration with discipline. Across Greater Vancouver, the story is no longer about volatility or extremes. It’s about structure. It’s about a market that is finding its footing after several years of disruption and is now transitioning into a more sustainable, opportunity-rich environment for both buyers and sellers. The data from March reinforces a trend that has been building since the start of the year, momentum is returning, and it’s doing so on a healthier, more balanced foundation.

Sales activity climbed meaningfully month-over-month, rising to 2,032 transactions, a 23% increase from February and an 84% surge from January. That kind of sequential growth matters. It signals re-engagement. It reflects buyers stepping back into the market with greater confidence and intent. While sales remain modestly below the elevated levels seen in recent years, down slightly compared to March 2025 and more notably relative to 2023 and 2024, the trajectory is what stands out. The market is not chasing peaks; it is rebuilding momentum in a more measured and sustainable way.
At the same time, inventory continues to expand, but not in a way that signals weakness. Active listings reached 14,774 at month-end, up 9% from February and slightly higher than this time last year. The number of new listings followed suit, increasing to 5,920 in March, up 23% from February. Sellers are stepping forward but not flooding the market. The increase in supply is not a negative but a necessary ingredient for a functioning market. More property listings mean more choice, more transactions, and ultimately more stability. But there is a noticeable increase in competition for those listings, buyers need to be ready.

The result is a market that is firmly in balanced territory. Months of supply tightened from 8 to 7, while the sales-to-listings ratio held steady at 34%. These are healthy numbers. They indicate that while buyers have options, demand is keeping pace. This is not a stalled market but rather it’s a working one. 

The most important shift underway isn’t just numerical, it’s behavioral. Buyers are moving from the sidelines and less sellers are testing unrealistic price points. Instead, both sides are engaging with a clearer understanding of value. That alignment is what’s driving stability.
 

A Market Finding Its Rhythm

Across the region, we’re seeing fewer extremes and more consistency. Sales are rising steadily rather than spiking. Inventory is available without overwhelming demand. Balanced conditions are no longer isolated; they’re becoming the norm.

March is typically the month where the spring market either accelerates or stalls. This year, it’s clearly accelerating, but in a measured, sustainable way.

Greater Vancouver sales in March were 32% below the 10-year average after February was 29% below the 10-year average and January was 31% below the 10-year average. March struggled against the long-term averages but given the global uncertainty occurring, it’s not surprising. Given the trajectory from January though, this could be an indication that buyers are tired of waiting and with prices having moved off the highs from 4 years ago, opportunity continues to be the greatest we’ve seen in some time. The number of new listings in March were 5% above the 10-year average after February was 7% above the 10-year average, and January 19% above the 10-year. The abundance of listings is slowing in Metro Vancouver which is even more reason for buyers to take advantage now instead of waiting. 
City of Vancouver: Balanced and Active
 

Vancouver Westside

The Westside continues to show steady improvement. Sales rose 23% month-over-month to 367 transactions, while months of supply dropped to 7. Notably, inventory remains lower than last year despite a monthly increase, an indication that supply is being absorbed more efficiently. The sales-to-listings ratio held at 34%, reinforcing stable, balanced conditions.
This is a market that isn’t overheating, but it’s no longer hesitant either. Demand at higher price points is returning with discipline, not urgency.
 

Vancouver East Side

The East Side remains one of the most stable and reliable segments in the region. Sales increased modestly month-over-month, while maintaining a strong rebound from January levels.Months of supply edged up slightly to 7 months, but this reflects increased inventory rather than weakening demand. The market remains firmly balanced, with consistent absorption across product types.
Affordability relative to the Westside continues to anchor demand here, particularly for ground-oriented housing.
 

North Shore: Quiet Strength

North Vancouver

North Vancouver is now one of the more competitive while balanced markets in the region. Sales rose 37% month-over-month, and months of supply tightened further to 5, approaching seller-leaning conditions. Inventory has increased, but demand is keeping pace. This is a clear example of healthy growth: more listings, more sales, and tightening supply all at once.
West VancouverWest Vancouver continues its gradual recovery. Sales increased 39% month-over-month, and months of supply dropped significantly from 18 to 14 months. While still firmly in buyer’s market territory, the trend is improving. Luxury markets move later in the cycle, and what we’re seeing now is early-stage stabilization.
RichmondRichmond posted a strong 46% increase in sales month-over-month, alongside rising new listings. Months of supply improved from 12 to 9 months, marking steady progress toward balance. This market continues to normalize after a period of elevated activity prior to interest rate hikes. Increased inventory is being met with gradually improving demand, which is exactly what a sustainable transition requires.BurnabyBurnaby continues to demonstrate consistency across all segments:

• Burnaby East improved modestly, with declining supply and increasing activity. 

• Burnaby North saw sales increase and months of supply tighten to 7 months, firmly balanced. 

• Burnaby South held steady with 8 months, with stable absorption despite rising inventory. 

The common thread is stability. This is a market benefiting from its central location, transit access, and steady end-user demand. Burnaby could be one of the best markets for opportunity in the region.New Westminster and the Tri-Cities: Leading the ShiftNew WestminsterNew Westminster held steady in March, maintaining balanced conditions with 7 months of supply and a consistent 33% sales-to-listings ratio.Flat sales month-over-month may seem unremarkable, but in a transitioning market, stability is a strength, not a weakness.CoquitlamCoquitlam continues to show strong underlying demand. Sales increased 17% from February but a whopping 113% from January, and months of supply tightened to 6 months.This market is now firmly balanced and edging toward competitive conditions, supported by continued population growth and transit-driven development.Port MoodyPort Moody saw one of the stronger month-over-month gains, with sales up 61% and months of supply dropping to 6 months.Lifestyle-driven demand remains a key factor here, and improving absorption suggests buyers are stepping in with confidence.Port CoquitlamPort Coquitlam remains balanced, though absorption softened slightly compared to February. Still, months of supply remained at 7 months, well within stable territory.

Pitt Meadows

Pitt Meadows stands out this month. Sales surged 138% from February, and months of supply dropped sharply from 10 to 5 months. That is a significant shift in a short period of time and signals strong re-engagement from buyers.

Maple Ridge

Maple Ridge continues to build momentum. Sales rose 20% month over month, and months of supply dropped to 6. Affordability and space continue to drive demand, and the market is now firmly balanced.
Ladner

Ladner is now one of the tightest balanced markets in the region. Months of supply dropped to 5 months, while the sales-to-listings ratio climbed to 46%. This follows a dramatic recovery over the past two months and reflects how quickly smaller markets can shift once demand returns.

Tsawwassen

Tsawwassen remains more supply-heavy, holding at 10 months of inventory, but absorption improved. Sales increased month over month, and the sales-to-listings ratio rose to 34%. The trend is positive, even if the market is taking longer to rebalance.
 

Fraser Valley Tells a Similar Story as Greater Vancouver

Much like Greater Vancouver, the Fraser Valley market saw inventory tightening with months of supply continuing to decline after being at 12 months supply in January. March finished with 9 months of supply and was slightly under total active listings at the end of March last year.  Sales patterns were like Greater Vancouver with a healthy 20% jump in sales from February while only down marginally from March of last year. There were 1,007 sales in March compared to 843 in February and 1,036 in March 2025. Townhomes continue to be the best performing segment of the market with the tightest supply while detached homes continue to be abundant, steadfast in a buyer’s market. But those numbers are coming down with the likes of North Surrey going from 15 months supply in February to 11 months in March, and South Surrey going from 17 months to 12.  

Overall, months of supply in the Fraser Valley decreased from 10 months in February to 9 months in March which was the same as 9 months in March 2025. Improvement in the Fraser Valley is happening.
What Comes Next

The foundation is now in place for a steady spring market. Momentum has carried through January, accelerated in February, and held firm in March. That continuity matters. It suggests that activity is not driven by short-term factors, but by a broader normalization of market conditions and significant pent-up demand.
Key trends to watch:

• Continued alignment between supply and demand 

• Gradual tightening in balanced markets 

• Increased activity in higher price segments as confidence builds 

• Stable pricing supported by consistent absorption 

The market isn’t chasing growth, it’s building it.

Here’s a summary of the numbers:

Greater Vancouver: Total Units Sold in March were 2,032, up from 1,648 (23%) in February, up from 1,107 (84%) in January, down from 2,091 (3%) in March 2025, down from 2,415 (16%) in March 2024, and down from 2,535 (20%) in March 2023; Active Listings were at 14,774 at month end compared to 14,546 at that time last year (up 2%) and 13,545 at the end of February (up 9%); the 5,920 New Listings in March were up 23% compared to February, up 13% compared to January, down 10% compared to March 2025, up 16% compared to March 2024 and up 34% compared to March 2023.

Month’s supply of total residential listings is down to 7 months from 8 (balanced market conditions) and sales to listings ratio of 34% compared to 34% in February, 21% in January, 32% in March 2025, 47% in March 2024 and 57% in March 2023. 

Vancouver Westside: Total Units Sold in March were 367 up from 298 (23%) in February, up from 190 (93%) in January, down from 394 (7%) in March 2025, down from 424 (13%) in March 2024, and down from 449 (18%) in March 2023; Active Listings were at 2,676 at month end compared to 3,093 at that time last year (down 13%) and 2,470 at the end of February (up 8%); the 1,067 New Listings in March were up 23% compared to February, up 16% compared to January, down 19% compared to March 2025, up 10% compared to March 2024 and up 15% compared to March 2023.

Month’s supply of total residential listings is down to 7 months from 8 (balanced market conditions) and sales to listings ratio of 34% compared to 34% in February, 21% in January, 30% in March 2025, 44% in March 2024 and 49% in March 2023.

Vancouver East Side: Total Units Sold in March were 231, up from 220 (5%) in February, up from 127 (82%) in January, down from 247 (6%) in March 2025, down from 285 (19%) in March 2024, and down from 287 (20%) in March 2023; Active Listings were at 1,530 at month end compared to 1,494 at that time last year (up 2%) and 1,391 at the end of February (up 10%); the 677 New Listings in March were up 29% compared to February, up 4% compared to January, down 8% compared to March 2025, up 13% compared to March 2024 and up 47% compared to March 2023.

Month’s supply of total residential listings is up to 7 months from 6 (balanced market conditions) and sales to listings ratio of 34% compared to 42% in February, 19% in January, 34% in March 2025, 48% in March 2024 and 62% in March 2023.

North Vancouver: Total Units Sold in March were 185, up from 135 (37%) in February, up from 92 (101%) in January, up from 171 (8%) in March 2025, down from 187 (1%) in March 2024, and down from 215 (14%) in March 2023; Active Listings were at 939 at month end compared to 844 at that time last year (up 11%) and 790 at the end of February (up 19%); the 501 New Listings in March were up 25% compared to February, up 23% compared to January, down 2% compared to March 2025, up 51% compared to March 2024 and up 36% compared to March 2023.

Month’s supply of total residential listings is down to 5 months from 6 (balanced market conditions) and sales to listings ratio of 37% compared to 34% in February, 23% in January, 33% in March 2025, 56% in March 2024 and 58% in March 2023.

West Vancouver: Total Units Sold in March were 46, up from 33 (39%) in February, up from 29 (59%) in January, up from 40 (15%) in March 2025, down from 53 (13%) in March 2024, and down from 64 (28%) in March 2023; Active Listings were at 636 at month end compared to 626 at that time last year (up 2%) and 581 at the end of February (up 9%); the 214 New Listings in March were up 35% compared to February, the same as January, down 4% compared to March 2025, up 14% compared to March 2024 and up 31% compared to March 2023.

Month’s supply of total residential listings is down to 14 months from 18 (buyer’s market conditions) and sales to listings ratio of 21% compared to 21% in February, 14% in January, 19% in March 2025, 28% in March 2024 and 39% in March 2023.

Richmond: Total Units Sold in March were 209, up from 143 (46%) in February, up from 129 (62%) in January, down from 220 (5%) in March 2025, down from 279 (25%) in March 2024, and down from 352 (41%) in March 2023; Active Listings were at 1,891 at month end compared to 1,728 at that time last year (up 9%) and 1,786 at the end of February (up 6%); the 681 New Listings in March were up 32% compared to February, up 14% compared to January, down 7% compared to March 2025, up 23% compared to March 2024 and up 42% compared to March 2023.

Month’s supply of total residential listings is down to 9 months from 12 (buyer’s market conditions) and sales to listings ratio of 31% compared to 28% in February, 22% in January, 30% in March 2025, 50% in March 2024 and 74% in March 2023.

Burnaby East: Total Units Sold in March were 24, up from 19 (26%) in February, up from 9 (167%) in January, down from 27 (11%) in March 2025, down from 32 (25%) in March 2024, and up from 20 (20%) in March 2023; Active Listings were at 182 at month end compared to 174 at that time last year (up 5%) and 162 at the end of February (up 12%); the 79 New Listings in March were up 14% compared to February, up 22% compared to January, down 7% compared to March 2025, up 49% compared to March 2024 and up 68% compared to March 2023.

Month’s supply of total residential listings is down to 8 months from 9 (buyer’s market conditions) and sales to listings ratio of 30% compared to 28% in February, 14% in January, 32% in March 2025, 60% in March 2024 and 43% in March 2023.


Burnaby North: Total Units Sold in March were 118, up from 97 (22%) in February, up from 80 (48%) in January, up from 107 (10%) in March 2025, up from 109 (8%) in March 2024, and down from 169 (30%) in March 2023; Active Listings were at 830 at month end compared to 878 at that time last year (down 5%) and 772 at the end of February (up 16%); the 353 New Listings in March were up 24% compared to February, up 3% compared to January, down 17% compared to March 2025, up 16% compared to March 2024 and up 48% compared to March 2023.

Month’s supply of total residential listings is down to 7 months from 8 (balanced market conditions) and sales to listings ratio of 33% compared to 34% in February, 23% in January, 25% in March 2025, 36% in March 2024 and 71% in March 2023.

Burnaby South: Total Units Sold in March were 95, up from 85 (12%) in February, up from 67 (42%) in January, down from 94 (1%) in March 2025, down from 142 (33%) in March 2024, and down from 130 (27%) in March 2023; Active Listings were at 722 at month end compared to 671 at that time last year (up 8%) and 643 at the end of February (up 12%); the 291 New Listings in March were up 35% compared to February, up 14% compared to January, up 2% compared to March 2025, up 19% compared to March 2024 and up 22% compared to March 2023.

Month’s supply of total residential listings is steady at 8 months (buyer’s market conditions) and sales to listings ratio of 33% compared to 40% in February, 26% in January, 33% in March 2025, 58% in March 2024 and 55% in March 2023.

New Westminster: Total Units Sold in March were 76, the same as February, up from 48 (58%) in January, down from 104 (27%) in March 2025, down from 108 (30%) in March 2024, and down from 96 (21%) in March 2023; Active Listings were at 567 at month end compared to 513 at that time last year (up 11%) and 515 at the end of February (up 10%); the 228 New Listings in March were the same as February, up 4% compared to January, down 15% compared to March 2025, up 8% compared to March 2024 and up 62% compared to March 2023.

Month’s supply of total residential listings is steady at 7 months (balanced market conditions) and sales to listings ratio of 33% compared to 33% in February, 22% in January, 39% in March 2025, 51% in March 2024 and 68% in March 2023.

Coquitlam: Total Units Sold in March were 190, up from 163 (17%) in February, up from 89 (113%) in January, down from 233 (18%) in March 2025, down from 235 (19%) in March 2024, and down from 196 (3%) in March 2023; Active Listings were at 1,212 at month end compared to 1,173 at that time last year (up 3%) and 1,116 at the end of February (up 9%); the 521 New Listings in March were up 25% compared to February, up 16% compared to January, down 12% compared to March 2025, up 23% compared to March 2024 and up 70% compared to March 2023.

Month’s supply of total residential listings is down to 6 months from 7 (balanced market conditions) and sales to listings ratio of 36% compared to 39% in February, 20% in January, 39% in March 2025, 55% in March 2024 and 64% in March 2023.

Port Moody: Total Units Sold in March were 58, up from 36 (61%) in February, up from 25 (132%) in January, down from 51 (14%) in March 2025, down from 45 (29%) in March 2024, and down from 80 (27%) in March 2023; Active Listings were at 343 at month end compared to 279 at that time last year (up 23%) and 308 at the end of February (up 11%); the 172 New Listings in March were up 27% compared to February, up 19% compared to January, down 13% compared to March 2025, up 64% compared to March 2024 and up 51% compared to March 2023.

Month’s supply of total residential listings is down to 6 months from 9 (balanced market conditions) and sales to listings ratio of 34% compared to 27% in February, 17% in January, 34% in March 2025, 43% in March 2024 and 70% in March 2023.

Port Coquitlam: Total Units Sold in March were 53, up from 46 (15%) in February, up from 28 (89%) in January, down from 62 (15%) in March 2025, down from 89 (40%) in March 2024, and down from 69 (23%) in March 2023; Active Listings were at 354 at month end compared to 313 at that time last year (up 13%) and 309 at the end of February (up 15%); the 180 New Listings in March were up 80% compared to February, up 7% compared to January, up 2% compared to March 2025, up 29% compared to March 2024 and up 42% compared to March 2023.

Month’s supply of total residential listings is steady at 7 months (balanced market conditions) and sales to listings ratio of 29% compared to 46% in February, 17% in January, 35% in March 2025, 64% in March 2024 and 54% in March 2023.

Pitt Meadows: Total Units Sold in March were 31, up from 13 (138%) in February, up from 9 (244%) in January, up from 27 (14%) in March 2025, up from 29 (7%) in March 2024, and up from 28 (11%) in March 2023; Active Listings were at 142 at month end compared to 105 at that time last year (up 35%) and 128 at the end of February (up 11%); the 77 New Listings in March were up 12% compared to February, up 45% compared to January, down 16% compared to March 2025, up 83% compared to March 2024 and up 79% compared to March 2023.

Month’s supply of total residential listings is down to 5 months from 10 (balanced market conditions) and sales to listings ratio of 40% compared to 18% in February, 16% in January, 40% in March 2025, 69% in March 2024 and 65% in March 2023.      
    
Maple Ridge: Total Units Sold in March were 126, up from 105 (20%) in February, up from 72 (75%) in January, up from 108 (16%) in March 2025, down from 187 (33%) in March 2024, and down from 149 (15%) in March 2023; Active Listings were at 814 at month end compared to 832 at that time last year (down 2%) and 769 at the end of February (up 6%); the 306 New Listings in March were up 10% compared to February, up 10% compared to January, down 13% compared to March 2025, down 17% compared to March 2024 and up 12% compared to March 2023.

Month’s supply of total residential listings is down to 6 months from 7 (balanced market conditions) and sales to listings ratio of 41% compared to 37% in February, 25% in January, 30% in March 2025, 35% in March 2024 and 32% in March 2023.

Ladner: Total Units Sold in March were 35, up from 26 (35%) in February, up from 5 (600%) in January, up from 31 (13%) in March 2025, up from 30 (17%) in March 2024, and down from 38 (8%) in March 2023; Active Listings were at 168 at month end compared to 158 at that time last year (up 6%) and 154 at the end of February (up 9%); the 76 New Listings in March were up 27% compared to February, up 6% compared to January, up 12% compared to March 2025, up 43% compared to March 2024 and up 10% compared to March 2023.

Month’s supply of total residential listings is down to 5 months from 6 (balanced market conditions) and sales to listings ratio of 46% compared to 43% in February, 7% in January, 46% in March 2025, 57% in March 2024 and 55% in March 2023.

Tsawwassen: Total Units Sold in March were 30, up from 27 (11%) in February, up from 19 (58%) in January, down from 36 (17%) in March 2025, down from 34 (12%) in March 2024, and down from 35 (14%) in March 2023; Active Listings were at 297 at month end compared to 270 at that time last year (up 10%) and 275 at the end of February (up 8%); the 88 New Listings in March were down 10% compared to February, the same as January, down 11% compared to March 2025, up 24% compared to March 2024 and up 7% compared to March 2023.

Month’s supply of total residential listings is steady at 10 months (buyer’s market conditions) and sales to listings ratio of 34% compared to 28% in February, 22% in January, 36% in March 2025, 48% in March 2024 and 43% in March 2023.

Fraser Valley: Sales in March were up 20% at 1,007 compared to February at 843 and were down 3% from March 2025 at 1,036. New listings were up 20% at 3,341 from February at 2,796 and down 12% from March 2025 at 3,800. The average price of $962,167 was up 5% month-over-month and was down 6% year-over-year. Active listings at 9,201 were up 10% compared to last month at 8,344 and down 0.2% from March 2025 at 9,219.

Month’s supply of total residential listings is down to 9 months supply from 10 in February (buyer’s market conditions).


 

Highlights of Dexter’s January 2026 report

• Don’t let the numbers fool you, it’s only January

• Bank of Canada on hold for now

• One of the healthiest inventory environments in years

• It’s a buyer’s time to shine

January Market Overview: A Reset Month That’s Building the Base for 2026

January rarely defines a real estate year. It resets it.

Across Greater Vancouver, January 2026 unfolded exactly as a reset month should: slower sales, a decisive return of newish listings, and a market that continues transitioning away from volatility toward structure, choice, and long-term stability. While headline sales numbers declined month-over-month and year-over-year albeit at a better pace than January 2023 and 2019, the underlying trends point to something more constructive: One of the healthiest inventory environments the region has seen in years, paired with better buyer engagement and early signs of normalization. Ask a REALTOR® if January is feeling different so far. Sometimes the numbers do not tell the whole story, the feeling on the ground from agents is that buyers are more engaged then we saw last year. With buyers citing better purchasing power and more opportunity as 2026 begins. We’ll see if the market saw its shadow or not on Ground Hog Day and perhaps an early start to the spring market is in store.

This is not a market losing momentum. It is a market rebuilding confidence.

Greater Vancouver: More Inventory, Better Balance, Clearer Direction

Total residential sales across Greater Vancouver reached 1,107 units in January, down from the fall months and on queue with the seasonal drop from December’s numbers. Sales transactions that start in the last half of December are reflected in January sales reported, so while many celebrated the Holidays and took time away from the market, it makes for weaker results in January. Nothing to be surprised at. But activity last month still outperformed January 2023 and January 2019 and thus reflected typical winter behavior rather than structural weakness. What’s more important is that activity in the market has increased at opens and with homes getting more buyers viewing them, and even some multiple offers sprinkling into the market.

More importantly, supply continues to be a story in the market. Not just resale homes, but newly built properties – mostly apartments, are providing buyers with meaningful opportunities in the market. At the end of 2025, there were 4,350 newly built and move-in ready strata units available in Metro Vancouver according to Zonda Urban. Burnaby/New Westminster lead the way with 1,388 followed by Richmond/South Delta with 653. Those opportunities will dwindle though as developers shy away from planning and building new projects due to the high costs in development, especially ever increasing municipal and regional fees and levies. Once these new homes are gone, expect there to be a shortage in the next 2 to 5 years with many developments halted and developers having pivoted to rental buildings.

Greater Vancouver sales in January were 31% below the 10-year average after sales in December were 18% below the 10-year average, and November with 21% below the 10-year average. January lagged with the hangover from the end of 2025 as a year of uncertainty kept so many buyers on the sidelines. 

Active listings rose to 12,628, up 10% year-over-year, while new listings surged to 5,253, a dramatic post-holiday return of sellers. The question is how many of these listings were brought back from 2025, some with lower prices to reflect sellers listening to the market. This influx of inventory pushed months of supply to 11 months, firmly into buyer’s market territory and giving purchasers something they have lacked for years: a continuation of time, selection, and leverage.

The number of new listings in January were 19% above the 10-year average after December was 11% above the 10-year average and November 3% above. Again, how many of these listings are new to market or back on after a break for the holidays speaks volumes. With the total active listing count having only grown by less than 1% from December, this indicates that many of these new listings aren’t that new at all. 

Yet despite this shift, the market remains orderly. The sales-to-listings ratio opened the year at 21%, a level that signals a significant buyer advantage. Buyers are present. Sellers need to be realistic. Transactions are happening—just with more deliberation.

This is the foundation of a sustainable market.

Vancouver Westside: Inventory Contracts Quietly To Tighten the Market

On the Vancouver Westside, January sales declined to 190 units, consistent with seasonal slowdowns and reflecting the discretionary nature of higher-end purchases. However, the more telling story lies on the supply side. 

Active listings fell to 2,301, down 10% year-over-year (an anomaly in Metro Vancouver), and continued to trend lower month-over-month. This decline occurred even as 916 new listings entered the market, an indication that many listings came back on as opposed to new to market. 

Months of supply rose to 12 months, maintaining buyers’ market conditions, but these metric masks the growing selectivity of demand. Buyers are active, but focused. Sellers who align pricing with today’s realities are being rewarded with successful outcomes. The Westside is not oversupplied, it is recalibrating. Buyers are finding purchasing power they didn’t know existed.

Vancouver East Side: Modestly Moving with Selection for Buyers

January sales reached 127 units, down seasonally but up 8% compared to January 2023, reinforcing the longer-term stability of demand in this submarket. Detached sales were up 9% year over year with buyers taking advantage of move-up opportunities. Active listings rose to 1,329, and new listings surged nearly 200% from December, reflecting sellers’ growing confidence in a more balanced environment.

Months of supply increased to 10 months, yet the East Side remains one of the region’s most liquid markets. Townhomes and duplexes remain fully stocked as developers shift to smaller projects.

North Shore: Inventory Rebuild Sets the Stage for Recovery

North Vancouver recorded 92 sales in January, lower than prior years but still 21% higher than January 2023, highlighting the longer-term upward trend in demand. The story here is inventory.

Active listings climbed to 696, up 17% year-over-year, while new listings rose sharply as sellers responded to improving conditions. Months of supply increased to 8 months, a notable shift from the tighter conditions of recent years. The North Shore remains highly desirable, and this period of balance is likely temporary as pent-up demand slowly reasserts itself.

Beyond Vancouver

Richmond’s January performance mirrored the broader region: slower sales at 129 units, paired with a meaningful increase in inventory. Active listings rose to 1,684, up 28% year-over-year, while new listings increased sharply from December.

Burnaby North and South outperformed the eastern part of that city with the south seeing more sales than January 2025 in detached and townhome segments. Opportunities are there for buyers in Burnaby where massive developments at Brentwood and Metrotown continue to provide significant supply of new condos including the upscale Highline at Metrotown.

The Tri-Cities experienced one of the most pronounced inventory expansions in January which includes the supply of newly built homes. Coquitlam recorded 89 sales, outperforming January 2023 by 22%, while active listings rose to 1,063. Port Moody and Port Coquitlam saw sharp seasonal slowdowns in sales, but also dramatic increases in listings, creating the most buyer-friendly conditions seen in years.

Months of supply now range from 11 to 12 months, giving buyers flexibility and encouraging longer-term planning.

Further afield, markets like Maple Ridge, Pitt Meadows, Ladner, and Tsawwassen experienced slower January sales. Ladner didn’t see a townhome or condo sale in January. Maple Ridge stood out with 72 sales, up from January 2023, and stable months of supply at 10 months which could be a sign of underlying consistency.

Fraser Valley Tells a Similar Story as Greater Vancouver

Much like Greater Vancouver, The Fraser Valley experienced a tepid start to 2026 with February showing a decline in sales and new listings year-over-year. With 619 sales in January, this was down 32% from December and down 24% from January 2025. Unlike Greater Vancouver, sales were slightly down from January 2023 and down 21% from January 2019. Affordability continues to take a toll on the Fraser Valley market with prices showing higher declines over the last year compared to Greater Vancouver, with Surrey and North Delta being the hardest hit. Inventory saw a greater increase month-over-month in the Fraser Valley, up 11% compared to Greater Vancouver at only 1%.

With the increase in listing inventory, months of supply in the Fraser Valley increased from 8 months in December to 12 months in January and compared to 9 months in January 2025. 

Big Picture: This Is What Stability Looks Like

January’s data confirms a critical shift underway across Metro Vancouver. This is no longer a market defined by scarcity, panic, or forced urgency. It is defined by choice, balance, and discipline. Inventory is being restored without overwhelming demand. Buyers are returning without overextending. Sellers are adjusting expectations without capitulating.

Sales volumes may be lower, but market quality is improving with prices experiencing sharper declines in the last 6 months. Purchasing power is at its best for buyers compared to the last 5 years.

As interest rate expectations stabilize and confidence gradually rebuilds, these conditions position the region well for more activity, particularly in the second half of 2026. Markets move in cycles, and January made one thing clear: The groundwork for the next expansion phase is already being laid. There have been far too few sales in the past 4 years to expect this market to remain quiet.

Here’s a summary of the numbers:

Greater Vancouver: Total Units Sold in January were 1,107, down from 1,537 (28%) in December, down from 1,846 (40%) in November, down from 2,255 (51%) in October, down from 1,552 (29%) in January 2025, down from 1,427 (22%) in January 2024, and up from 1,030 (7%) in January 2023; Active Listings were at 12,628 at month end compared to 11,494 at that time last year (up 10%) and 12,550 at the end of December (up 1%); the 5,253 New Listings in January were up 176% compared to December, up 40% compared to November, down 5% compared to October, down 7% compared to January 2025, up 35% compared to January 2024 and up 55% compared to January 2023.

Month’s supply of total residential listings is up to 11 months from 8 (buyer’s market conditions) and sales to listings ratio of 21% compared to 27% in January 2025, 37% in January 2024, and 30% in January 2023. 

Vancouver Westside: Total Units Sold in January were 190, down from 287 (34%) in December, down from 363 (48%) in November, down from 403 (53%) in October, down from 255 (25%) in January 2025, down from 245 (22%) in January 2024, and down from 194 (2%) in January 2023; Active Listings were at 2,301 at month end compared to 2,548 at that time last year (down 10%) and 2,366 at the end of December (down 3%); the 916 New Listings in January were up 189% compared to December, up 30% compared to November, down 13% compared to October, down 22% compared to January 2025, up 8% compared to January 2024 and up 27% compared to January 2023.

Month’s supply of total residential listings is up to 12 months from 8 (buyer’s market conditions) and sales to listings ratio of 21% compared to 22% in January 2025, 29% in January 2024, and 27% in January 2023.

Vancouver East Side: Total Units Sold in January were 127, down from 158 (20%) in December, down from 210 (40%) in November, down from 269 (53%) in October, down from 158 (20%) in January 2025, down from 164 (23%) in January 2024, and up from 118 (8%) in January 2023; Active Listings were at 1,329 at month end compared to 1,198 at that time last year (up 11%) and 1,242 at the end of December (up 7%); the 654 New Listings in January were up 199% compared to December, up 54% compared to November, up 8% compared to October, up 0.5% compared to January 2025, up 30% compared to January 2024 and up 82% compared to January 2023.

Month’s supply of total residential listings is up to 10 months from 8 (buyer’s market conditions) and sales to listings ratio of 19% compared to 24% in January 2025, 33% in January 2024, and 33% in January 2023.

North Vancouver: Total Units Sold in January were 92, down from 125 (26%) in December, down from 158 (42%) in November, down from 188 (51%) in October, down from 148 (38%) in January 2025, down from 117 (21%) in January 2024, and up from 82 (21%) in January 2023; Active Listings were at 696 at month end compared to 596 at that time last year (up 17%) and 625 at the end of December (up 11%); the 407 New Listings in January were up 257% compared to December, up 41% compared to November, down 4% compared to October, down 5% compared to January 2025, up 50% compared to January 2024 and up 76% compared to January 2023.

Month’s supply of total residential listings is up to 8 months from 5 (buyer’s market conditions) and sales to listings ratio of 23% compared to 34% in January 2025, 43% in January 2024, and 35% in January 2023.

West Vancouver: Total Units Sold in January were 29, up from 28 (4%) in December, down from 53 (45%) in November, down from 58 (50%) in October, down from 30 (3%) in January 2025, up from 23 (26%) in January 2024, and up from 28 (4%) in January 2023; Active Listings were at 557 at month end compared to 541 at that time last year (up 3%) and 573 at the end of December (down 3%); the 213 New Listings in January were up 233% compared to December, up 84% compared to November, down 4% compared to October, up 8% compared to January 2025, up 18% compared to January 2024 and up 68% compared to January 2023.

Month’s supply of total residential listings is down to 9 months from 20 (buyer’s market conditions) and sales to listings ratio of 14% compared to 15% in January 2025, 13% in January 2024, and 22% in January 2023.

Richmond: Total Units Sold in January were 129, down from 165 (22%) in December, down from 191 (32%) in November, down from 236 (45%) in October, down from 206 (37%) in January 2025, down from 161 (20%) in January 2024, and up from 120 (8%) in January 2023; Active Listings were at 1,684 at month end compared to 1,319 at that time last year (up 28%) and 1,781 at the end of December (down 5%); the 597 New Listings in January were up 125% compared to December, up 37% compared to November, down 1% compared to October, down 3% compared to January 2025, up 45% compared to January 2024 and up 47% compared to January 2023.

Month’s supply of total residential listings is up to 13 months from 11 (buyer’s market conditions) and sales to listings ratio of 22% compared to 34% in January 2025, 39% in January 2024, and 29% in January 2023.

Burnaby East: Total Units Sold in January were 9, down from 15 (40%) in December, down from 18 (50%) in November, down from 32 (72%) in October, down from 17 (47%) in January 2025, down from 17 (47%) in January 2024, and the same as January 2023; Active Listings were at 141 at month end compared to 135 at that time last year (up 4%) and 155 at the end of December (down 9%); the 65 New Listings in January were up 150% compared to December, up 97% compared to November, down 14% compared to October, down 24% compared to January 2025, up 30% compared to January 2024 and up 48% compared to January 2023.

Month’s supply of total residential listings is up to 16 months from 10 (buyer’s market conditions) and sales to listings ratio of 14% compared to 20% in January 2025, 34% in January 2024, and 20% in January 2023.

Burnaby North: Total Units Sold in January were 80, down from 113 (29%) in December, down from 98 (18%) in November, down from 147 (46%) in October, down from 104 (23%) in January 2025, down from 88 (9%) in January 2024, and up from 63 (27%) in January 2023; Active Listings were at 715 at month end compared to 649 at that time last year (up 10%) and 691 at the end of December (up 3%); the 344 New Listings in January were up 175% compared to December, up 44% compared to November, up 3% compared to October, down 2% compared to January 2025, up 86% compared to January 2024 and up 70% compared to January 2023. Month’s supply of total residential listings is up to 9 months from 6 (buyer’s market conditions) and sales to listings ratio of 23% compared to 30% in January 2025, 48% in January 2024, and 31% in January 2023.

Burnaby South: Total Units Sold in January were 67, down from 85 (21%) in December, down from 89 (25%) in November, down from 104 (36%) in October, up from 59 (14%) in January 2025, down from 102 (34%) in January 2024, and up from 54 (24%) in January 2023; Active Listings were at 604 at month end compared to 500 at that time last year (up 21%) and 639 at the end of December (down 5%); the 255 New Listings in January were up 150% compared to December, up 34% compared to November, down 9% compared to October, up 3% compared to January 2025, up 19% compared to January 2024 and up 57% compared to January 2023.

Month’s supply of total residential listings is up to 9 months from 8 (buyer’s market conditions) and sales to listings ratio of 26% compared to 24% in January 2025, 48% in January 2024, and 33% in January 2023.

New Westminster: Total Units Sold in January were 48, down from 67 (28%) in December, down from 65 (26%) in November, down from 98 (51%) in October, down from 61 (21%) in January 2025, down from 54 (11%) in January 2024, and up from 40 (20%) in January 2023; Active Listings were at 464 at month end compared to 404 at that time last year (up 15%) and 430 at the end of December (up 8%); the 219 New Listings in January were up 192% compared to December, up 63% compared to November, down 11% compared to October, down 4% compared to January 2025, up 63% compared to January 2024 and up 107% compared to January 2023.

Month’s supply of total residential listings is up to 10 months from 6 (buyer’s market conditions) and sales to listings ratio of 22% compared to 27% in January 2025, 40% in January 2024, and 38% in January 2023.

Coquitlam: Total Units Sold in January were 89, down from 149 (40%) in December, down from 146 (39%) in November, down from 185 (52%) in October, down from 155 (43%) in January 2025, down from 112 (21%) in January 2024, and up from 73 (22%) in January 2023; Active Listings were at 1,063 at month end compared to 917 at that time last year (up 16%) and 1,062 at the end of December; the 449 New Listings in January were up 161% compared to December, up 23% compared to November, down 15% compared to October, down 9% compared to January 2025, up 56% compared to January 2024 and up 71% compared to January 2023.

Month’s supply of total residential listings is up to 12 months from 7 (buyer’s market conditions) and sales to listings ratio of 20% compared to 32% in January 2025, 39% in January 2024, and 28% in January 2023.

Port Moody: Total Units Sold in January were 25, down from 50 (50%) in December, down from 46 (46%) in November, down from 65 (62%) in October, down from 32 (22%) in January 2025, down from 31 (19%) in January 2024, and up from 23 (9%) in January 2023; Active Listings were at 291 at month end compared to 184 at that time last year (up 58%) and 261 at the end of December (up 11%); the 145 New Listings in January were up 159% compared to December, up 33% compared to November, down 20% compared to October, up 32% compared to January 2025, up 159% compared to January 2024 and up 41% compared to January 2023.

Month’s supply of total residential listings is up to 12 months from 5 (buyer’s market conditions) and sales to listings ratio of 17% compared to 29% in January 2025, 55% in January 2024, and 22% in January 2023.

Port Coquitlam: Total Units Sold in January were 28, down from 43 (35%) in December, down from 61 (54%) in November, down from 69 (59%) in October, down from 65 (57%) in January 2025, down from 43 (35%) in January 2024, and down from 34 (18%) in January 2023; Active Listings were at 304 at month end compared to 236 at that time last year (up 29%) and 258 at the end of December (up 18%); the 168 New Listings in January were up 195% compared to December, up 83% compared to November, up 12% compared to October, up 13% compared to January 2025, up 130% compared to January 2024 and up 115% compared to January 2023.

Month’s supply of total residential listings is up to 11 months from 6 (buyer’s market conditions) and sales to listings ratio of 17% compared to 44% in January 2025, 59% in January 2024, and 44% in January 2023.

Pitt Meadows: Total Units Sold in January were 9, down from 16 (44%) in December, down from 28 (68%) in November, down from 29 (69%) in October, down from 13 (31%) in January 2025, down from 20 (55%) in January 2024, and down from 15 (40%) in January 2023; Active Listings were at 96 at month end compared to 75 at that time last year (up 28%) and 83 at the end of December (up 16%); the 53 New Listings in January were up 231% compared to December, up 51% compared to November, up 13% compared to October, up 26% compared to January 2025, up 39% compared to January 2024 and up 39% compared to January 2023. Month’s supply of total residential listings is up to 11 months from 5 (buyer’s market conditions) and sales to listings ratio of 16% compared to 30% in January 2025, 52% in January 2024, and 39% in January 2023.        

Maple Ridge: Total Units Sold in January were 72, down from 78 (8%) in December, down from 100 (28%) in November, down from 110 (35%) in October, down from 95 (24%) in January 2025, down from 106 (32%) in January 2024, and up from 65 (11%) in January 2023; Active Listings were at 733 at month end compared to 663 at that time last year (up 10%) and 746 at the end of December (down 2%); the 279 New Listings in January were up 179% compared to December, up 39% compared to November, down 5% compared to October, down 22% compared to January 2025, up 7% compared to January 2024 and up 29% compared to January 2023.

Month’s supply of total residential listings is steady at 10 months (buyer’s market conditions) and sales to listings ratio of 25% compared to 26% in January 2025, 40% in January 2024, and 30% in January 2023.

Ladner: Total Units Sold in January were 5, down from 7 (29%) in December, down from 27 (81%) in November, down from 30 (83%) in October, down from 17 (71%) in January 2025, down from 21 (76%) in January 2024, and down from 16 (69%) in January 2023; Active Listings were at 147 at month end compared to 134 at that time last year (up 10%) and 132 at the end of December (up 11%); the 72 New Listings in January were up 500% compared to December, up 38% compared to November, up 20% compared to October, down 8% compared to January 2025, up 57% compared to January 2024 and up 67% compared to January 2023.

Month’s supply of total residential listings is up to 29 months from 19 (buyer’s market conditions) and sales to listings ratio of 7% compared to 22% in January 2025, 46% in January 2024, and 37% in January 2023.

Tsawwassen: Total Units Sold in January were 19, down from 29 (34%) in December, down from 30 (37%) in November, down from 51 (63%) in October, down from 26 (27%) in January 2025, down from 24 (21%) in January 2024, and down from 20 (5%) in January 2023; Active Listings were at 255 at month end compared to 216 at that time last year (up 18%) and 245 at the end of December (up 4%); the 88 New Listings in January were up 283% compared to December, up 33% compared to November, down 4% compared to October, down 18% compared to January 2025, up 73% compared to January 2024 and up 54% compared to January 2023.

Month’s supply of total residential listings is up to 13 months from 8 (buyer’s market conditions) and sales to listings ratio of 22% compared to 24% in January 2025, 47% in January 2024, and 35% in January 2023.
 

Fraser Valley: Sales in January were down 33% at 619 compared to December at 919 and were down 24% from January 2024 at 818. New listings were up 128% at 3,078 from December at 1,350 and down 10% from January 2025 at 3,432. The average price of $942,330 was down 5% month-over-month and was down 9% year-over-year. Active listings at 7,711 were up 11% compared to last month at 6,965 and up 6% from January 2025 at 7,251.

Month’s supply of total residential listings is up to 12 months supply from 8 (buyer’s market conditions).

Highlights of Dexter’s December 2025 report

• Positive signs as 2025 came to a close

• Don’t wait for the rates

• Active listings down to 11,000 from the peak of 17,500

• Low sales levels show increased pent-up demand
   

December Market Analysis: Stability, Selective Strength, and a Foundation for 2026

December is rarely a month that defines a market. It reflects sentiment more than momentum, discipline more than urgency. This year was no different. Across Metro Vancouver, December activity cooled as expected, but beneath the seasonal slowdown lies a market that is quietly stabilizing, selectively strengthening, and positioning itself for a more active year ahead.

Sales slowed month-over-month across most regions, but that headline masks a far more important story: inventory contracted sharply, new listings fell dramatically, and sales-to-listings ratios rebounded. Total Active listings declined 29% from the peak in June. Over the last three years, total listings peaked in the fall, except for this year. A sign of some seller resistance in taking part in this market. For buyers, the time is now to take advantage of the opportunity that still exists. These are not the signs of a weakening market, moreover they are the early mechanics for returning balance after years of uncertainty.

Greater Vancouver Overview: Seasonal Level of Transactions, Healthier Structure

Total residential sales across Greater Vancouver reached 1,537 units in December, down 17% from November and well below the October peak in the fall market. Total sales in Greater Vancouver finished with 23,800 for the year, the lowest since 21,950 in 2,000. At the turn of the century, there were a lot few homes and people to buy them. A telling number that means there are a lot of people who have held off making a move and are ready to do so. 

The decline in December, however, aligns almost perfectly with historical December patterns and should not be interpreted as fading demand. In fact, sales were 14% higher than December 2023, confirming that buyer participation remains meaningfully stronger than it was two years ago even though it was down 13% from a year ago.

Greater Vancouver sales in December were 18% below the 10-year average, after November was 21% below the 10-year average. This wasn’t a slow December compared to what’s typical for the month, and perhaps with milder weather in January, the market will heat up sooner rather than later. 

The more telling data is the timing of sales.

The more significant number to look at is the comparison from the spring and fall markets. Typically, total sales in the first six months far exceed the last six months. In 2025, Greater Vancouver sales were only 2% higher in the first six months, compared to 2024 with 10% in the first six months, 2023 with 24% in the first six months and 2022 with 82% in the first six months (although attributed to the sudden rise in interest rates at the end of the first half of the year). The only year like this was 2019 with has 25% fewer sales in the first six months. After 2 down years, a recovery began in late 2019 only to be interrupted by the pandemic. This could point to improving market conditions. 

The supply side tells its own compelling story.

Active listings ended the month at 12,550, down a significant 17% from November, even though inventory remains 15% higher year-over-year. This contraction is important. It shows sellers stepping back and not just seasonally, not flooding the market, while buyers continued to transact at the same pace through the fall.

New listings tell the same story. Just 1,905 properties came to market in December which was down nearly 50% from November and more than 65% from early fall levels. While seasonal, this drop reinforces a broader theme. And opposite to the breakdown in sales over the year, 37% of new listings occurred in the first six months, compared to 22% in 2024 and 13% in 2023. Sellers held back as the year progressed, which contributed to the decline in active listings. Buyer choice decreased, which will slow the decline of prices.

The number of new listings in November were 11% above the 10-year average after November was 3% above, October at 16%, and September at 20%.  November and December showed a decline in Seller activity in the market, which resulted in the steep decline of new listings. Savy buyers will take advantage before more buyer competition in the market and less choice. 

By numbers the region remained at 8 months’ supply, with December typically seeing a rise in that number due to the seasonal nature of a slower market. Still on the border of a balanced to buyer’s market.

Vancouver Westside: Quiet Strength Beneath the Surface

Vancouver’s Westside followed the seasonal script, with 287 sales in December, down from November and October but still 22% higher than December 2023. Activity slowed, but it did not disappear—and that distinction matters.

Active listings fell 18% month-over-month to 2,366, leaving inventory essentially unchanged year-over-year. This is not excess supply building; it’s a market finding equilibrium.

The Westside remains selective, not stagnant. Buyers are cautious, but motivated. Sellers are patient, but realistic. That’s how stable markets behave.

Vancouver East: Stabilizing After a Reset

The East Side of Vancouver experienced a more pronounced slowdown in December sales, finishing the month at 158 transactions. While down from recent months, sales were still 7% higher than December 2023, confirming a floor under demand.

Inventory tightened meaningfully, with active listings dropping 18% from November. New listings also fell sharply yet remained well above year-ago levels, evidence of renewed seller confidence compared to last winter.

The Suburb Story

With just five months of inventory, North Vancouver sits squarely in balanced market territory. The sales-to-listings ratio surged to 110%, signaling competition on the right properties and renewed urgency among buyers. This is not a market waiting for clarity—it already has it.

Richmond posted 165 December sales, down from earlier months and well below year-ago levels. Inventory remains elevated, with 11 months of supply. This is a market transitioning from oversupply toward normalization. Momentum is slow—but direction matters more than speed.

Burnaby continues to behave as several distinct markets rather than one. Burnaby North posted a strong December, with sales up 15% month-over-month and inventory dropping significantly. Months of supply fell to 6, and the sales-to-listings ratio climbed to 90%. Burnaby South showed improving balance, with inventory declining and ratios rebounding into the low 80s. Burnaby East remains slower, but even there, inventory is contracting and year-over-year listing growth suggests confidence is returning. Overall, Burnaby’s trajectory is improving, led by transit-oriented and well-priced segments.

New Westminster is one of the most encouraging stories in December. Sales increased month-over-month and were 46% higher than December 2023. Inventory dropped sharply, months of supply declined to 6, and the sales-to-listings ratio rose to 89%.

The Tri-Cities: Clear Signs of Recovery.

Across Coquitlam, Port Moody, and Port Coquitlam, December data points to strengthening fundamentals. Coquitlam saw sales rise year-over-year, inventory fall, and months of supply improve to 7. Port Moody stood out with sales doubling year-over-year and inventory contracting sharply, settling into balanced conditions. Coquitlam remains stable, with improving ratios and steady demand.

Maple Ridge and Pitt Meadows experienced slower December volumes, but inventory tightened and ratios improved. These areas often lag during seasonal slowdowns but respond quickly when confidence returns. Ladner remains challenged with elevated supply and saw extremely low levels of sales in December, while Tsawwassen showed meaningful improvement, with sales up strongly year-over-year and months of supply declining.

Fraser Valley Listings sees Massive Drop to Finish 2025

Much like Greater Vancouver, The Fraser Valley experienced one of the slowest years for sales in decades. With 943 sales in December, they were down 3% from November and down 8% from December 2024. Like Greater Vancouver, sales were up from December 2023 at 10% higher.  The biggest surprise though came on the inventory side where the total number of active listings finished 25% lower in December compared to November, only 10% higher from the end of 2024. This tightening supply will help to stabilize the market in the Fraser Valley. 

With the reduction of inventory, months of supply in the Fraser Valley dropped down to 8 months compared to 10 in November, closer to balance than we’ve seen through 2025. A positive sign to start the year, especially with Surrey showing the best improvement in December.

The Bigger Picture: December Did Its Job

December did exactly what December is supposed to do: slow the market down, clear excess, and reset expectations.

What matters is what didn’t happen: Inventory did not surge and demand did not disappear. Instead, the market quietly absorbed listings, and entered the new year with leaner supply and stronger ratios. That is not a fragile setup. It’s a constructive one.

As we move into 2026, the groundwork is being laid for a more active spring, one driven not by speculation or urgency, but by confidence, affordability adjustments, and a growing acceptance that the market has already done most of its correcting.

Markets don’t need fireworks to turn. Sometimes they just need December to be December.

Here’s a summary of the numbers:

Greater Vancouver: Total Units Sold in December were 1,537, down from 1,846 (17%) in November, down from 2,255 (32%) in October, down from 1,875 (18%) in September, down from 1,765 (13%) in December 2024, and up from 1,345 (14%) in December 2023; Active Listings were at 12,550 at month end compared to 10,948 at that time last year (up 15%) and 15,149 at the end of November (down 17%); the 1,905 New Listings in December were down 49% compared to November, down 65% compared to October, down 71% compared to September, up 10% compared to December 2024, and up 41% compared to December 2023.

Month’s supply of total residential listings is steady at 8 month’s (buyer’s market conditions) and sales to listings ratio of 81% compared to 49% in November, 102% in December 2024, and 99% in December 2023. 

Vancouver Westside: Total Units Sold in December were 287, down from 363 (21%) in November, down from 403 (29%) in October, down from 316 (9%) in September, down from 307 (7%) in December 2024, and up from 235 (22%) in December 2023; Active Listings were at 2,366 at month end compared to 2,396 at that time last year (down 1%) and 2,396 at the end of November (down 18%); the 317 New Listings in December were down 55% compared to November, down 70% compared to October, down 74% compared to September, down 4% compared to December 2024, and up 28% compared to December 2023.

Month’s supply of total residential listings is steady at 8 month’s (buyer’s market conditions) and sales to listings ratio of 81% compared to 51% in November, 93% in December 2024, and 95% in December 2023.

Vancouver East Side: Total Units Sold in December were 158, down from 210 (25%) in November, down from 269 (41%) in October, down from 208 (24%) in September, down from 198 (20%) in December 2024, and up from 148 (7%) in December 2023; Active Listings were at 1,242 at month end compared to 1,151 at that time last year (up 8%) and 1,517 at the end of November (down 18%); the 219 New Listings in December were down 48% compared to November, down 64% compared to October, down 73% compared to September, up 18% compared to December 2024, and up 48% compared to December 2023.

Month’s supply of total residential listings is up to 8 month’s from 7 (buyer’s market conditions) and sales to listings ratio of 72% compared to 50% in November, 107% in December 2024, and 100% in December 2023.

North Vancouver: Total Units Sold in December were 125, down from 158 (21%) in November, down from 188 (34%) in October, down from 159 (21%) in September, down from 138 (9%) in December 2024, and up from 106 (18%) in December 2023; Active Listings were at 625 at month end compared to 532 at that time last year (up 17%) and 863 at the end of November (down 28%); the 114 New Listings in December were down 61% compared to November, down 73% compared to October, down 81% compared to September, up 33% compared to December 2024, and up 14% compared to December 2023.

Month’s supply of total residential listings is steady at 5 month’s (balanced market conditions) and sales to listings ratio of 110% compared to 55% in November, 131% in December 2024, and 106% in December 2023.

West Vancouver: Total Units Sold in December were 28, down from 53 (47%) in November, down from 58 (52%) in October, down from 52 (46%) in September, down from 39 (28%) in December 2024, and down from 41 (32%) in December 2023; Active Listings were at 573 at month end compared to 546 at that time last year (up 5%) and 681 at the end of November (down 16%); the 64 New Listings in December were down 45% compared to November, down 71% compared to October, down 77% compared to September, down 18% compared to December 2024, and up 19% compared to December 2023.

Month’s supply of total residential listings is up to 20 month’s from 13 (buyer’s market conditions) and sales to listings ratio of 44% compared to 46% in November, 50% in December 2024, and 76% in December 2023.

Richmond: Total Units Sold in December were 165, down from 191 (14%) in November, down from 236 (30%) in October, down from 191 (14%) in September, down from 235 (30%) in December 2024, and down from 169 (2%) in December 2023; Active Listings were at 1,781 at month end compared to 1,351 at that time last year (up 32%) and 1,992 at the end of November (down 11%); the 265 New Listings in December were down 39% compared to November, down 56% compared to October, down 43% compared to September, up 36% compared to December 2024, and up 64% compared to December 2023.


Month’s supply of total residential listings is up to 11 month’s from 10 (buyer’s market conditions) and sales to listings ratio of 62% compared to 44% in November, 121% in December 2024, and 104% in December 2023.

Burnaby East: Total Units Sold in December were 15, down from 18 (17%) in November, down from 32 (53%) in October, down from 34 (56%) in September, down from 21 (39%) in December 2024, and down from 18 (17%) in December 2023; Active Listings were at 155 at month end compared to 116 at that time last year (up 34%) and 189 at the end of November (down 18%); the 26 New Listings in December were down 21% compared to November, down 66% compared to October, down 73% compared to September, up 8% compared to December 2024, and up 117% compared to December 2023.

Month’s supply of total residential listings is down to 10 month’s from 11 (buyer’s market conditions) and sales to listings ratio of 58% compared to 55% in November, 88% in December 2024, and 150% in December 2023.

Burnaby North: Total Units Sold in December were 113, up from 98 (15%) in November, down from 147 (23%) in October, down from 137 (18%) in September, down from 130 (13%) in December 2024, and up from 91 (24%) in December 2023; Active Listings were at 691 at month end compared to 595 at that time last year (up 16%) and 845 at the end of November (down 18%); the 125 New Listings in December were down 48% compared to November, down 62% compared to October, down 67% compared to September, down 9% compared to December 2024, and up 60% compared to December 2023.

Month’s supply of total residential listings is down to 6 month’s from 9 (balanced market conditions) and sales to listings ratio of 90% compared to 41% in November, 94% in December 2024, and 117% in December 2023.

Burnaby South: Total Units Sold in December were 85, down from 89 (4%) in November, down from 104 (18%) in October, down from 96 (11%) in September, down from 97 (12%) in December 2024, and up from 79 (8%) in December 2023; Active Listings were at 639 at month end compared to 493 at that time last year (up 30%) and 773 at the end of November (down 16%); the 102 New Listings in December were down 66% compared to November, down 64% compared to October, down 66% compared to September, up 21% compared to December 2024, and up 36% compared to December 2023.

Month’s supply of total residential listings is down to 8 month’s from 9 (buyer’s market conditions) and sales to listings ratio of 83% compared to 47% in November, 115% in December 2024, and 105% in December 2023.

New Westminster: Total Units Sold in December were 67, up from 65 (3%) in November, down from 98 (32%) in October, down from 84 (20%) in September, down from 96 (30%) in December 2024, and up from 46 (46%) in December 2023; Active Listings were at 430 at month end compared to 360 at that time last year (up 19%) and 556 at the end of November (down 23%); the 75 New Listings in December were down 40% compared to November, down 69% compared to October, down 62% compared to September, up 12% compared to December 2024, and up 92% compared to December 2023.

Month’s supply of total residential listings is down to 6 month’s from 9 (balanced market conditions) and sales to listings ratio of 89% compared to 49% in November, 143% in December 2024, and 118% in December 2023.

Coquitlam: Total Units Sold in December were 149, up from 146 (2%) in November, down from 185 (19%) in October, down from 167 (11%) in September, up from 128 (16%) in December 2024, and up from 119 (25%) in December 2023; Active Listings were at 1,062 at month end compared to 867 at that time last year (up 22%) and 1,269 at the end of November (down 16%); the 172 New Listings in December were down 53% compared to November, down 67% compared to October, down 70% compared to September, up 11% compared to December 2024, and up 100% compared to December 2023.

Month’s supply of total residential listings is down to 7 month’s from 9 (balanced market conditions) and sales to listings ratio of 87% compared to 40% in November, 83% in December 2024, and 138% in December 2023.

Port Moody: Total Units Sold in December were 50, up from 46 (9%) in November, down from 65 (23%) in October, up from 46 (9%) in September, up from 29 (72%) in December 2024, and up from 25 (100%) in December 2023; Active Listings were at 261 at month end compared to 155 at that time last year (up 68%) and 352 at the end of November (down 26%); the 56 New Listings in December were down 49% compared to November, down 69% compared to October, down 71% compared to September, up 107% compared to December 2024, and up 75% compared to December 2023.

Month’s supply of total residential listings is down to 5 month’s (balanced market conditions) and sales to listings ratio of 89% compared to 42% in November, 107% in December 2024, and 78% in December 2023.

Port Coquitlam: Total Units Sold in December were 43, down from 61 (30%) in November, down from 69 (38%) in October, down from 45 (4%) in September, down from 51 (16%) in December 2024, and up from 36 (19%) in December 2023; Active Listings were at 258 at month end compared to 237 at that time last year (up 9%) and 323 at the end of November (down 20%); the 57 New Listings in December were down 38% compared to November, down 62% compared to October, down 69% compared to September, up 14% compared to December 2024, and up 46% compared to December 2023.

Month’s supply of total residential listings is up to 6 month’s (balanced market conditions) and sales to listings ratio of 75% compared to 66% in November, 102% in December 2024, and 92% in December 2023.

Pitt Meadows: Total Units Sold in December were 16, down from 28 (43%) in November, down from 29 (45%) in October, up from 15 (7%) in September, down from 28 (43%) in December 2024, and down from 19 (16%) in December 2023; Active Listings were at 83 at month end compared to 68 at that time last year (up 22%) and 109 at the end of November (down 24%); the 12 New Listings in December were down 65% compared to November, down 74% compared to October, down 77% compared to September, up 9% compared to December 2024, and down 14% compared to December 2023.

Month’s supply of total residential listings is up to 5 month’s from 4 (balanced market conditions) and sales to listings ratio of 133% compared to 61% in November, 254% in December 2024, and 135% in December 2023.         

Maple Ridge: Total Units Sold in December were 78, down from 100 (22%) in November, down from 110 (29%) in October, down from 97 (20%) in September, down from 112 (30%) in December 2024, and down from 100 (22%) in December 2023; Active Listings were at 746 at month end compared to 611 at that time last year (up 22%) and 881 at the end of November (down 15%); the 100 New Listings in December were down 50% compared to November, down 66% compared to October, down 70% compared to September, up 11% compared to December 2024, and down 2% compared to December 2023.

Month’s supply of total residential listings is down to 7 month’s from 7 (balanced market conditions) and sales to listings ratio of 78% compared to 49% in November, 124% in December 2024, and 98% in December 2023.

Ladner: Total Units Sold in December were 7, down from 27 (74%) in November, down from 30 (77%) in October, down from 34 (79%) in September, down from 15 (20%) in December 2024, and down from 12 (50%) in December 2023; Active Listings were at 132 at month end compared to 117 at that time last year (up 13%) and 155 at the end of November (down 15%); the 12 New Listings in December were down 77% compared to November, down 80% compared to October, down 83% compared to September, down 20% compared to December 2024, and down 14% compared to December 2023.

Month’s supply of total residential listings is up to 19 month’s from 6 (buyer’s market conditions) and sales to listings ratio of 58% compared to 52% in November, 93% in December 2024, and 86% in December 2023.

Tsawwassen: Total Units Sold in December were 29, down from 30 (3%) in November, down from 51 (43%) in October, down from 38 (24%) in September, up from 21 (38%) in December 2024, and up from 21 (38%) in December 2023; Active Listings were at 245 at month end compared to 181 at that time last year (up 35%) and 292 at the end of November (down 16%); the 23 New Listings in December were down 65% compared to November, down 75% compared to October, down 77% compared to September, down 8% compared to December 2024, and up 28% compared to December 2023.

Month’s supply of total residential listings is down to 8 month’s from 10 (buyer’s market conditions) and sales to listings ratio of 126% compared to 45% in November, 84% in December 2024, and 117% in December 2023.

Fraser Valley: Sales in December were down 3% at 919 compared to November at 943 and were down 8% from December 2024 at 994. New listings were down 39% at 1,350 from November at 2,210 and down 5% from December 2024 at 2,101. The average price of $993,519 was down 1% month-over-month and was down 5% year-over-year. Active listings at 6,965 were down 24% compared to last month at 9,201 and up 11% from December 2024 at 6,285.

Month’s supply of total residential listings is down to 8 months supply from 10 (buyer’s market conditions).

Highlights of Dexter’s November 2025 report

• Look how much you can spend with lower rates

• Listings are shrinking and ratios improving, hinting at a stronger 2026.

• Inventory is falling faster than sales, strengthening market balance.

• Pent up demand continues to grow to unprecedented levels

If home buying is on your holiday shopping list, you’re in luck. Better than any Black Friday sales, Metro Vancouver real estate provides some of the best deals we’ve seen in the last few years. And like those Black Friday deals, these opportunities won’t last forever before inventory shrinks and more buyers come to the table. With interest rates having come down after 9 Bank of Canda rate cuts since the peak in 2024, both variable and fixed rate mortgages are finally at a point that buyers can’t use them as an excuse not to buy. It’s time. In fact, since that peak in 2024, for an average Vancouver household income of $180,000, their purchasing power has gone from $710,000 to $950,000. And home prices have also come down. Two reasons why buyers will be back into the market with greater energy in 2026.

Confidence Ready to Build as Listings Pull Back and Ratios Improve

November delivered a noticeable shift in the Greater Vancouver market, one driven less by headline sales numbers and more by the underlying signals that matter. Yes, sales eased month-over-month across most submarkets, and listings remain higher than last year, but November also brought a sizable pullback in new inventory, firmer sales-to-listings ratios, and early signs that buyers are getting ready for a more active 2026. Taken together, the market is quietly setting the stage for stronger conditions ahead.

This is a month where context is everything. Sales always fall in November, but the real story is how sharply new listings contracted and how much the market’s pace tightened as a result. The region’s sales-to-listings ratio climbed to 49%, a clear improvement from October’s 41%. Months’ supply edged up only slightly to eight months, keeping the market favouring buyers. Despite softer benchmark prices (down 0.3% from October and 3.9% year-over-year), confidence continues to build as inventory normalizes, and interest rate visibility improves.

All the while, pent up demand continues to build. Sales in Greater Vancouver for 2025 will be the lowest total number of transactions since 2000. With a million more people living in the region and over 200,000 more dwellings, logic would suggest that the number of real estate transactions would grow in a similar way. That lack of activity suggests how many buyers and sellers have held back in recent years, but they won’t forever. Changes happen due to needing more space, less space, people coming together or moving apart and sadly passing away. And yes, people do still move to Metro Vancouver.

Greater Vancouver: A Market Ready To Move

Greater Vancouver recorded 1,846 sales in November, an 18% drop from October and while below typical autumn levels, still 8% higher than November 2023. This improvement comes despite a slower autumn season and reflects a market where underlying demand remains intact.

With mortgage rates already down from their peak and buyer sentiment ready to improve, November looks more like a pause than a downturn.

The Supply Side Shrinking

The big move this month came on the supply side. New listings fell 32% from October and were 44% below September levels. Sellers clearly decided to step back, to either wait for improved pricing conditions or to avoid coming to market during the traditionally softest window of the year. With only 3,741 new listings, and active listings dropping 8% from October to 15,149, the market shed some of the excess inventory that accumulated during spring and summer.

Even with softer sales, the sharper decline in new supply pushed the sales-to-listings ratio up to 49%, a healthy improvement that signals tightening conditions underneath the headline numbers. Month’s supply rose slightly to eight months, which still places the region broadly in buyer’s market territory, but the trend is clear: the pace is stabilizing.

Greater Vancouver sales in November were 21% below the 10-year average, after October was 15% below the 10-year average. The momentum builds as sellers wait for the right opportunity signaling it is time to buy and move on from their current home.  

The number of new listings in November were 3% above the 10-year average after October at 16% above the 10-year average, and September at 20% above the 10-year average. November was a sudden shift of sellers holding on listing after a year that will likely produce near record highs for total new listings. With the holiday season upon us, expect this trend of decreasing listing totals to continue as sellers wait to see how 2026 starts. Savy buyers will take advantage of opportunities through December though, as this month can produce motivated sellers to engage with those interested buyers.

By numbers the region shifted back into a buyer’s market, after one month of balanced. But let’s be clear, 2025 has been the year of the buyer’s market.  

Vancouver Westside: Stable Conditions With a Healthier Ratio

Vancouver’s Westside saw 363 sales, down modestly from October’s 403 but up a solid 15% year-over-year. The seasonal slowdown was met with a significant reduction in new listings, down 33% month-over-month which helped ease active listings to 2,885 (a 7% monthly drop).

This pullback in supply had an immediate effect: the sales-to-listings ratio climbed to 51%, a sharp improvement from October’s 38%. Even with eight months of supply on the ground, November’s numbers point to a market that is far more balanced than the summer peak.

The luxury segment in Vancouver tends to lag broader market shifts, so a stabilizing ratio at this time of year is a positive sign heading into early 2026. Price softness may still be in play, but the fundamentals are firmer than they appear.

Vancouver East Side: Activity Softens but Demand Holds

East Vancouver saw sales fall to 210 units, a 22% drop from October, but almost identical to September and up 20% from November 2023. Active listings declined 9% month-over-month to 1,517, and new listings dropped 30% compared to October with half as many as September.

This tightening brought month’s supply up slightly to seven months, still balanced and pushed the sales-to-listings ratio to a healthy 50%, better than both October at 45%. 

The Suburb Story

North Vancouver, West Vancouver, Richmond, and much of Burnaby showed a clear pattern in November: softer seasonal sales paired with a meaningful pullback in new listings, which helped strengthen sales-to-listings ratios across the board. North Vancouver and Burnaby East led with notably strong ratios of 55%, supported by shrinking inventory and steady buyer engagement. West Vancouver also posted an encouraging jump to a 46% ratio—an early sign that higher-end buyers are re-entering the market ahead of spring. Richmond, Burnaby South, Burnaby North, and New Westminster all benefited from fewer new sellers, which tightened conditions.

Across the Tri-Cities, Pitt Meadows, Maple Ridge, all showed similar stabilization. Port Coquitlam stood out with one of the strongest ratios in the region at 66%, backed by falling inventory and steady demand driven by relative affordability. Pitt Meadows remained firmly in seller’s territory with an exceptional 80% ratio, while Maple Ridge and Port Moody each saw improved balance as listings contracted. Even in slower markets like Tsawwassen and New Westminster, buyer activity proved more resilient than headline sales suggest, with ratios improving and inventory trending down. Overall, despite November’s seasonal cooling, most submarkets strengthened beneath the surface, setting the stage for a more confident start to the new year.

Fraser Valley Sees Listing Drop

The Fraser Valley saw 943 sales, down from October, but the more important story is the sharp drop in new listings (down 26%) and a sizable 9% reduction in active inventory over last month and 13% down from a year ago. With fewer homes coming to market, buyer competition increased, and the average price rose 2% month-over-month.

Despite being in a buyers’ market with 10 months of supply, the Fraser Valley Region, there could be some early signs of stabilization and price recovery after a more difficult reaction to higher rates and economic turmoil. Surrey continues to struggle with 17 months’ supply of detached homes and 20 months supply of condos. Opportunity awaits buyers there.

Outlook: A Quiet November with a Positive Undercurrent

November didn’t deliver big numbers, but it delivered something more important: tightening conditions across the board. Sales slowed down, but inventory came down even faster. Ratios improved. Buyers showed up where pricing was right. And early signs of confidence driven by improving interest rates and a steep drop in new listings are now visible across nearly every submarket.

As we move toward 2026, Greater Vancouver is poised for a more active environment than we saw in the second half of 2025. The fundamentals are better than they look, and the region is entering winter on far more stable footing than it did a year ago.

Here’s a summary of the numbers:

Greater Vancouver: Total Units Sold in November were 1,846 down from 2,255 (18%) in October, down from 1,875 (2%) in September, down from 1,959 (6%) in August, down from 2,181 (15%) in November 2024, and up from 1,702 (8%) in November 2023; Active Listings were at 15,149 at month end compared to 13,245 at that time last year (up 14%) and 16,393 at the end of October (down 8%); the 3,741 New Listings in November were down 32% compared to October, down 44% compared to September, down 13% compared to August, down 1% compared to November 2024, and up 9% compared to November 2023. Month’s supply of total residential listings is up to 8 month’s supply from 7 (buyer’s market conditions) and sales to listings ratio of 49% compared to 41% in October, 58% in November 2024, and 49% in November 2023. 

Month-over-month, the house price index is down 0.3% and in the last 12 months down 3.9%.

Vancouver Westside: Total Units Sold in November were 363 down from 403 (10%) in October, up from 316 (15%) in September, down from 381 (5%) in August, down from 383 (5%) in November 2024, and up from 315 (15%) in November 2023; Active Listings were at 2,885 at month end compared to 2,856 at that time last year (up 1%) and 3,104 at the end of October (down 7%); the 705 New Listings in November were down 33% compared to October, down 45% compared to September, down 8% compared to August, down 1% compared to November 2024, and up 4% compared to November 2023. Month’s supply of total residential listings is steady at 8 month’s supply (buyer’s market conditions) and sales to listings ratio of 51% compared to 38% in October, 54% in November 2024, and 47% in November 2023.

Month-over-month, the house price index is down 0.3% and in the last 12 months down 4.6%.

Vancouver East Side: Total Units Sold in November were 210 down from 269 (22%) in October, up from 208 (1%) in September, down from 219 (4%) in August, down from 268 (22%) in November 2024, and up from 175 (20%) in November 2023; Active Listings were at 1,517 at month end compared to 1,407 at that time last year (up 8%) and 1,654 at the end of October (down 9%); the 424 New Listings in November were down 30% compared to October, down 47% compared to September, down 8% compared to August, down 11% compared to November 2024, and up 4% compared to November 2023. Month’s supply of total residential listings is up to 7 month’s supply from 6 (balanced market conditions) and sales to listings ratio of 50% compared to 45% in October, 56% in November 2024, and 43% in November 2023.

Month-over-month, the house price index is down 0.7% and in the last 12 months down 3.7%.

North Vancouver: Total Units Sold in November were 158 down from 188 (16%) in October, down from 159 (1%) in September, up from 139 (14%) in August, down from 173 (9%) in November 2024, and up from 157 (1%) in November 2023; Active Listings were at 863 at month end compared to 716 at that time last year (up 21%) and 1,000 at the end of October (down 14%); the 289 New Listings in November were down 32% compared to October, down 52% compared to September, down 5% compared to August, up 12% compared to November 2024, and up 8% compared to November 2023. Month’s supply of total residential listings is steady at 5 month’s supply (balanced market conditions) and sales to listings ratio of 55% compared to 44% in October, 67% in November 2024, and 59% in November 2023.

Month-over-month, the house price index is flat and in the last 12 months down 0.7%.

West Vancouver: Total Units Sold in November were 53 down from 58 (9%) in October, up from 52 (2%) in September, up from 43 (23%) in August, up from 45 (18%) in November 2024, and up from 48 (10%) in November 2023; Active Listings were at 681 at month end compared to 645 at that time last year (up 6%) and 761 at the end of October (down 11%); the 116 New Listings in November were down 48% compared to October, down 58% compared to September, down 17% compared to August, down 3% compared to November 2024, and down 18% compared to November 2023. Month’s supply of total residential listings is steady at 13 month’s supply (buyer’s market conditions) and sales to listings ratio of 46% compared to 26% in October, 38% in November 2024, and 34% in November 2023.

Month-over-month, the house price index is up 1.3% and in the last 12 months down 3.0%.

Richmond: Total Units Sold in November were 191 down from 236 (19%) in October, the same as September, down from 223 (14%) in August, down from 234 (18%) in November 2024, and up from 179 (7%) in November 2023; Active Listings were at 1,992 at month end compared to 1,584 at that time last year (up 26%) and 2,137 at the end of October (down 7%); the 436 New Listings in November were down 28% compared to October, down 39% compared to September, down 22% compared to August, down 7% compared to November 2024, and up 8% compared to November 2023. Month’s supply of total residential listings is up to 10 month’s supply from 9 (buyer’s market conditions) and sales to listings ratio of 44% compared to 39% in October, 50% in November 2024, and 44% in November 2023.

Month-over-month, the house price index is up 0.1% and in the last 12 months down 4.6%.

Burnaby East: Total Units Sold in November were 18 down from 32 (44%) in October, down from 34 (47%) in September, down from 21 (14%) in August, down from 38 (53%) in November 2024, and up from 13 (38%) in November 2023; Active Listings were at 189 at month end compared to 144 at that time last year (up 32%) and 212 at the end of October (down 11%); the 33 New Listings in November were down 57% compared to October, down 66% compared to September, down 48% compared to August, down 41% compared to November 2024, and up 10% compared to November 2023. Month’s supply of total residential listings is up to 11 month’s supply from 7 (buyer’s market conditions) and sales to listings ratio of 55% compared to 42% in October, 68% in November 2024, and 43% in November 2023.

Month-over-month, the house price index is down 0.4% and in the last 12 months down 7.4%.

Burnaby North: Total Units Sold in November were 98 down from 147 (33%) in October, down from 137 (28%) in September, down from 115 (28%) in August, down from 145 (32%) in November 2024, and down from 119 (18%) in November 2023; Active Listings were at 845 at month end compared to 729 at that time last year (up 16%) and 880 at the end of October (down 4%); the 239 New Listings in November were down 28% compared to October, down 37% compared to September, down 7% compared to August, down 9% compared to November 2024, and up 28% compared to November 2023. Month’s supply of total residential listings is up to 9 month’s supply from 6 (buyer’s market conditions) and sales to listings ratio of 41% compared to 44% in October, 55% in November 2024, and 64% in November 2023.

Month-over-month, the house price index is down 0.5% and in the last 12 months down 6.6%.

Burnaby South: Total Units Sold in November were 89 down from 104 (14%) in October, down from 96 (7%) in September, down from 103 (14%) in August, down from 134 (34%) in November 2024, and up from 83 (7%) in November 2023; Active Listings were at 773 at month end compared to 597 at that time last year (up 29%) and 814 at the end of October (down 5%); the 190 New Listings in November were down 32% compared to October, down 37% compared to September, down 8% compared to August, up 14% compared to November 2024, and up 14% compared to November 2023. Month’s supply of total residential listings is up to 9 month’s supply from 8 (buyer’s market conditions) and sales to listings ratio of 47% compared to 37% in October, 80% in November 2024, and 50% in November 2023.

Month-over-month, the house price index is down 2.4% and in the last 12 months down 7.4%.

New Westminster: Total Units Sold in November were 65 down from 98 (34%) in October, down from 84 (23%) in September, down from 73 (11%) in August, down from 93 (30%) in November 2024, and the same as November 2023; Active Listings were at 556 at month end compared to 464 at that time last year (up 20%) and 596 at the end of October (down 7%); the 134 New Listings in November were down 45% compared to October, down 50% compared to September, down 29% compared to August, down 24% compared to November 2024, and up 2% compared to November 2023. Month’s supply of total residential listings is up to 9 month’s supply from 6 (buyer’s market conditions) and sales to listings ratio of 49% compared to 40% in October, 53% in November 2024, and 50% in November 2023.

Month-over-month, the house price index is down 0.2% and in the last 12 months down 4.7%. 

Coquitlam: Total Units Sold in November were 146 down from 185 (21%) in October, down from 167 (13%) in September, down from 164 (11%) in August, down from 172 (15%) in November 2024, and down from 159 (8%) in November 2023; Active Listings were at 1,269 at month end compared to 1,027 at that time last year (up 24%) and 1,341 at the end of October (down 5%); the 364 New Listings in November were down 31% compared to October, down 36% compared to September, down 14% compared to August, up 16% compared to November 2024, and up 26% compared to November 2023. Month’s supply of total residential listings is up to 9 month’s supply from 7 (buyer’s market conditions) and sales to listings ratio of 40% compared to 35% in October, 55% in November 2024, and 55% in November 2023.

Month-over-month, the house price index is down 0.1% and in the last 12 months down 3.1%.

Port Moody: Total Units Sold in November were 46 down from 65 (29%) in October, the same as September and August, down from 63 (27%) in November 2024, and up from 40 (15%) in November 2023; Active Listings were at 352 at month end compared to 212 at that time last year (up 66%) and 386 at the end of October (down 9%); the 109 New Listings in November were down 40% compared to October, down 43% compared to September, up 28% compared to August, up 36% compared to November 2024, and up 27% compared to November 2023. Month’s supply of total residential listings is up to 8 month’s supply from 6 (buyer’s market conditions) and sales to listings ratio of 42% compared to 36% in October, 79% in November 2024, and 47% in November 2023.

Month-over-month, the house price index is up 0.3% and in the last 12 months down 2.8%.

Port Coquitlam: Total Units Sold in November were 61 down from 69 (12%) in October, up from 45 (36%) in September, up from 46 (33%) in August, down from 76 (20%) in November 2024, and up from 55 (11%) in November 2023; Active Listings were at 323 at month end compared to 285 at that time last year (up 13%) and 374 at the end of October (down 14%); the 92 New Listings in November were down 39% compared to October, down 49% compared to September, down 24% compared to August, down 16% compared to November 2024, and up 2% compared to November 2023. Month’s supply of total residential listings is steady at 5 month’s supply (balanced market conditions) and sales to listings ratio of 66% compared to 46% in October, 70% in November 2024, and 61% in November 2023.

Month-over-month, the house price index is up 0.6% and in the last 12 months down 3.0%.

Pitt Meadows: Total Units Sold in November were 28 down from 29 (3%) in October, up from 15 (87%) in September, up from 19 (47%) in August, down from 30 (7%) in November 2024, and up from 21 (33%) in November 2023; Active Listings were at 109 at month end compared to 105 at that time last year (up 4%) and 129 at the end of October (down 16%); the 35 New Listings in November were down 26% compared to October, down 33% compared to September, down 22% compared to August, down 16% compared to November 2024, and down 10% compared to November 2023. Month’s supply of total residential listings is steady at 4 month’s supply (seller’s market conditions) and sales to listings ratio of 80% compared to 61% in October, 71% in November 2024, and 53% in November 2023.         

Month-over-month, the house price index is down 1.0% and in the last 12 months down 7.8%.

Maple Ridge: Total Units Sold in November were 100 down from 110 (9%) in October, up from 97 (3%) in September, down from 128 (22%) in August, down from 116 (14%) in November 2024, and down from 103 (3%) in November 2023; Active Listings were at 881 at month end compared to 765 at that time last year (up 15%) and 951 at the end of October (down 7%); the 201 New Listings in November were down 31% compared to October, down 39% compared to September, down 17% compared to August, down 8% compared to November 2024, and up 1% compared to November 2023. Month’s supply of total residential listings is steady at 9 month’s supply (buyer’s market conditions) and sales to listings ratio of 49% compared to 37% in October, 52% in November 2024, and 51% in November 2023.

Month-over-month, the house price index is down 1.3% and in the last 12 months down 4.6%.

Ladner: Total Units Sold in November were 27 down from 30 (10%) in October, down from 34 (21%) in September, up from 26 (4%) in August, down from 33 (18%) in November 2024, and up from 21 (29%) in November 2023; Active Listings were at 155 at month end compared to 135 at that time last year (up 15%) and 156 at the end of October (down 1%); the 52 New Listings in November were down 13% compared to October, down 28% compared to September, up 2% compared to August, up 18% compared to November 2024, and up 100% compared to November 2023. Month’s supply of total residential listings is up to 6 month’s supply from 5 (balanced market conditions) and sales to listings ratio of 52% compared to 50% in October, 75% in November 2024, and 81% in November 2023.

Month-over-month, the house price index is down 0.3% and in the last 12 months down 4.6%.

Tsawwassen: Total Units Sold in November were 30 down from 51 (41%) in October, down from 38 (21%) in September, down from 39 (23%) in August, up from 26 (15%) in November 2024, and up from 20 (50%) in November 2023; Active Listings were at 292 at month end compared to 204 at that time last year (up 43%) and 314 at the end of October (down 7%); the 66 New Listings in November were down 29% compared to October, down 35% compared to September, down 19% compared to August, up 50% compared to November 2024, and up 47% compared to November 2023. Month’s supply of total residential listings is up to 10 month’s supply from 6 (buyer’s market conditions) and sales to listings ratio of 45% compared to 55% in October, 59% in November 2024, and 44% in November 2023.

Month-over-month, the house price index is down 0.2% and in the last 12 months down 7.9%.

Fraser Valley: Sales in November were down 16% at 943 compared to October at 1,123 and were down 17% from November 2024 at 1,136. New listings were down 26% at 2,210 from October at 2,967 and down 7% from November 2024 at 2,367. The average price of $1,003,693 was up 2% month-over-month and was down 2% year-over-year. Active listings were down 9% to 9,201 compared to last month at 10,121 and up 13% from November 2024 at 8,125. Month’s supply of total residential listings is up to 10 months supply from 9 (buyer’s market conditions).

Month-over-month, the house price index is down 0.7% and in the last 12 months down 5.9%