Greater Vancouver saw a 31.2% surge in home sales in December compared to the previous year, marking a period of market recovery. While sales figures remained below the 10-year average, the increase in both sales and new listings suggests a more active market in 2025. The composite benchmark price also saw a slight rise.
Greater Vancouver home sales rose 31.2 per cent on a year-over-year basis in December, capping a “pivot year” for the market that saw the number of homes changing hands in the region tick higher.
The composite benchmark price was $1,171,500, up 0.5 per cent from a year earlier and 0.1 per cent below November’s level. Earlier this week, B.C.’s latest property assessments showed values were generally flat compared to the previous year. There were 60,388 properties listed in Metro Vancouver in 2024, representing an 18.7 per cent increase compared with 2023 and 5.7 per cent above the region’s 10-year annual average.
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