November 2025 Market Update

Metro Vancouver Real Estate: November Market Update

Exciting Momentum Building in Local Markets

September brought encouraging signs for Metro Vancouver’s real estate market, with several areas showing strong sales growth and buyers finding excellent opportunities across the region.

Areas Heating Up This Fall

Burnaby is on fire! This central location saw remarkable month-over-month growth, with detached home sales jumping 29% and townhouse sales surging 39% from August. Buyers are clearly recognizing the value this area offers.

New Westminster making moves: Detached home sales more than doubled month-over-month (up 129%), signaling renewed confidence in this established community. Apartments also saw healthy 12% growth.

Coquitlam staying strong: With a 12% increase in apartment sales and consistently solid detached home activity, Coquitlam continues to attract buyers looking for great value.

Where Smart Buyers Are Finding Opportunities

North Vancouver stands out as the only area with positive annual price growth (+0.6%), demonstrating the enduring appeal of this sought-after location. Steady sales momentum confirms buyers see long-term value here.

Squamish is the star performer for detached homes—sales jumped 73% year-over-year and prices are up 9% annually. This mountain community is clearly capturing buyers’ imagination.

Burnaby South offers stability across all property types, with townhouse prices actually up 2.3% year-over-year while providing excellent selection for buyers.

Ladner’s townhouse market is bucking regional trends with positive price growth, making it a smart choice for families seeking value in Delta.

The Detached Home Resurgence

Here’s the big story: detached home sales are up 7% year-over-year, outperforming all other property types. Buyers who’ve been waiting on the sidelines are jumping back in, recognizing that current conditions offer exceptional value in quality single-family homes.

Tips for Buyers

1. Move with Confidence, Not Urgency With 36% more inventory than typical September levels, you have time to find the right home. Don’t rush—use this buyer’s market to your advantage.

2. Get Your Financing in Order Early With Bank of Canada rate cuts making borrowing more affordable, lock in a pre-approval now. More cuts are expected by year-end, so understand your budget and be ready to act when you find the right property.

3. Focus on High-Momentum Areas Consider Burnaby, New Westminster, and Coquitlam where sales are accelerating. Rising activity often signals these areas offer strong value before others catch on.

4. Don’t Overlook Detached Homes While they’re the highest-priced segment, detached homes are seeing the strongest sales growth. If you can stretch your budget, the competition is lighter than you might expect and sellers are motivated.

5. Negotiate Strategically With the sales-to-listings ratio at 11.3% (a buyer’s market), you have negotiating power. Consider asking for closing cost contributions, included appliances, or repairs in addition to price negotiations.

6. Think Long-Term Prices have declined modestly but remain relatively stable. Buy for your 5-10 year needs, not to time the bottom of the market perfectly.

Tips for Sellers

1. Price Realistically from Day One With abundant inventory, overpricing will cause your listing to sit. Homes priced competitively are selling—the September data shows 1,875 transactions. Your competition is other listings, not last year’s sold prices.

2. Make Your Home Show-Ready In a buyer’s market, presentation matters more than ever. Professional staging, decluttering, and addressing deferred maintenance can be the difference between selling and sitting.

3. Highlight What Makes Your Property Special Is your home in a high-momentum area like Burnaby or New Westminster? Near transit? Recently renovated? Make these features prominent in your listing—buyers are selective right now.

4. Be Flexible and Responsive Quick responses to showing requests and flexibility with conditions can give you an edge. Buyers appreciate sellers who make the process smooth.

5. Consider Timing Strategically Activity tends to slow further in late fall/winter. If you can list now and capture buyers making decisions before year-end, you may see better results than waiting until spring when even more inventory typically hits the market.

6. Work with Market Conditions, Not Against Them The 0.7-1.3% monthly price declines are modest. If you need to sell, accept current market realities rather than waiting for conditions that may not materialize soon. Homes that are priced right and well-presented are still selling.

7. Understand Your Local Micro-Market Not all areas are performing the same. North Vancouver is seeing price growth while other areas are declining. Know your specific neighbourhood’s trends and price accordingly.

Short-Term Forecast: What to Expect Through Early 2025

The Next 2-6 Months (October 2025 – March 2026):

For the Market Overall:

Sales activity will likely continue stabilizing through year-end, with modest growth as rate cuts take effect
Expect prices to trend sideways with slight declines (0.5-1% monthly) through winter
Inventory will remain elevated but should gradually decline if sales momentum continues
At least one more Bank of Canada rate cut expected by December, providing additional affordability support

Buyer’s Market Conditions Will Persist: The current buyer-favorable environment should remain through winter, though the window may begin narrowing by spring if:

Additional rate cuts stimulate more buyer activity
Rising sales absorb the current inventory surplus
Sellers who planned to list in spring hold off, reducing new supply

Seasonal Patterns to Watch:

October-December typically sees slower activity as buyers pause for holidays
January-February often brings motivated buyers and sellers back to the table
March could signal the start of spring market activity

Best Opportunities:

Next 60-90 days offer peak negotiating power before year-end
High-momentum areas (Burnaby, New Westminster, Coquitlam) may see prices stabilize first
Detached homes in well-located areas should continue attracting buyers with purchasing power

Bottom Line: Current conditions favor buyers, but this may shift by spring 2026. Sellers who price competitively now can still find buyers, while those waiting for a return to 2021-2022 pricing may face continued frustration. The market is finding its footing—those who recognize and work with current realities will see the best results.

Ready to navigate the fall market? Let’s connect and create a strategy tailored to your goals while timing and conditions work in your favor.

Data source: Greater Vancouver REALTORS® September 2025 Market Report