MNI BRIEF: Biggest Vancouver Home Sales Decline In Two Decades

Vancouver home sales fell the most in two decades in 2025 while new listings reached the highest since the mid-1990s, reversing a long boom that has still left the average price at almost two million dollars and raised worries about consumer finances.

Sales fell 10% to 23,800 last year and were 25% below the 10-year average the Greater Vancouver Realtors reported Monday, and new listings rose 8% to 65,300. The benchmark price of a detached home fell 5.3% to CAD1.88 million. Vancouver and Toronto where there has also been a drop in the condo market for years had sparked concerns from BOC and government officials about unsustainable gains in prices and consumer debts, now larger than Canada's GDP. (See: MNI INTERVIEW: Carney Plan Weak On Trump Proofing, Vote Appeal)