Vancouver area saw least home sales in more than two decades in 2025: board
AI Article Summary
In 2025, Greater Vancouver experienced its lowest annual sales of homes in more than two decades, with a 12.9% decline in December alone compared to the previous year. The average home price fell by 4.5% compared to December 2024, despite the highest number of listings since the mid-1990s. Total residential sales decreased by 10.4% from 2024 and 9.3% from 2023. Over 65,000 properties were listed, marking an 8.2% increase over 2024 and 28.4% above 2023 levels.
What This Means for Canadian Contractors
For Canadian builders, this indicates potential challenges in the residential construction market due to reduced home sales, which may influence project timelines and budgets. This trend could lead to increased competition among builders to secure projects in a conservative buying environment. Additionally, the high number of property listings might encourage a push toward innovation and efficiency in project delivery to stand out in the market.
