According to Royal LePage's Year in Review report, the Greater Vancouver real estate market closed out 2024 with an average sales price of $1,283,370, reflecting a 3.4% increase compared to the previous year. Full-year data revealed an average price of $1,287,251, showcasing a modest 1.5% gain over 2023.
As 2025 unfolds, Royal LePage forecasts a promising outlook for Greater Vancouver's real estate market. "With interest rates steadily declining, improved affordability, and rising buyer confidence, the stage is set for a more dynamic year ahead. Renewed momentum in the market, coupled with efforts to boost housing supply, offers hope for greater balance and opportunity for both buyers and sellers in the months to come."
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