November 2025 – Real Estate Market Update

Here’s your quick November market update for Greater Vancouver, North Vancouver, and West Vancouver.

Starting with Greater Vancouver overall:
The market continues to lean in favour of buyers as we head into the end of 2025. Sales are trending below typical levels, inventory keeps building, and Months of Inventory has pushed noticeably higher. Buyer hesitation is still a theme, and well-priced homes are the ones getting the activity.

In North Vancouver:
Detached homes held fairly steady, landing in a balanced market with softer demand but still a healthy number of buyers stepping up when the price is right. Condos also stayed quiet—showings and open house traffic remain low, and buyers are taking their time.
Townhomes saw the biggest pullback in demand this month, but interestingly, lower-priced units are still moving quickly and even attracting multiple offers when priced sharply.

Over in West Vancouver:
Detached homes remain in a clear buyer’s market, but demand has been tracking closer to long-term averages in recent months. Buyers are responding where they see value, especially on homes that have adjusted to current expectations.
The bright spot of the month was West Vancouver condos, which had one of their strongest demand months in over a year. This segment saw the most balanced conditions and even some upward movement in prices as motivated buyers jumped in.

Overall:
We’re seeing a typical late-year slowdown mixed with elevated inventory and selective buyer activity. The sellers who are pricing accurately for today’s conditions are still getting results, while many buyers continue to wait for value and motivation.

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Questions?

604-340-8588 – info@donohoe.ca