2025 Year End

yesterday

North Shore Real Estate 2025 Year in Review

2025 was a year of measured activity on the North Shore. Sales were lower across both markets, with North Vancouver recording 2,030 transactions — down 7.8% from 2024 — and West Vancouver totaling 562 sales, 12.2% lower than last year. Compared to the 10-year averages, activity remained well below typical levels, with North Vancouver 22% below the decade-long benchmark, and West Vancouver off 31%.

Listing activity remained elevated throughout the year, with new listings in North Vancouver up 13.1% year-over-year and West Vancouver rising more modestly by 2.3%. 

This combination of softer demand and elevated inventory defined much of the year. While declining interest rates and lower borrowing costs created a more favorable financial environment for buyers, the market remained cautious. Many buyers took a measured approach, waiting for the right opportunity rather than moving quickly, while sellers faced longer selling timelines and increasingly complex negotiations.

Trends within specific segments highlighted the market’s cautious and selective tone. Detached homes drove most activity, with price adjustments creating opportunities for buyers who had previously been priced out. Condos and townhomes, by contrast, saw slower movement as some buyers redirected their attention toward larger or more desirable homes that had become attainable. Across all segments, prices declined over the year, reflecting the combined effects of elevated inventory, cautious buyer behavior, and broader economic uncertainty.

Seasonality also shaped the pace of transactions. Activity peaked in spring, softened through summer, and slowed further heading into fall and the holiday season. Inventory, which reached its highest point in early summer, began to taper toward year-end — largely a seasonal effect as some sellers chose to temporarily pause listings — helping maintain a measured rhythm in the market. Buyers remained deliberate, taking time to weigh options rather than responding to urgency or broad market momentum.

Looking ahead to 2026, the North Shore market offers opportunities for both buyers and sellers. Inventory remains elevated, prices have moderated, and borrowing costs are lower than a year ago. For buyers, this creates more choice and favorable conditions; for sellers, properties that are well-priced and thoughtfully presented may attract interest even in a selective market. If these trends continue, the market is likely to reward careful preparation and thoughtful decision-making, while remaining highly property-specific.

2025 North Shore Values

North Vancouver.

For the year, the median sale price of a North Vancouver single-family home was down 4.3% per cent to $2,105,000; the median sale price of a condo was down 1.9% to $785,000; and the median sale price of an attached home (townhomes and half duplexes) was down 3.9% to $1,365,000.

West Vancouver.

For the year, the median sale price of a West Vancouver single-family home was down 0.5% to $2,950,000; the median sale price of a condo was down 2.0% to $1,195,000; while the median sale price of an attached home (townhomes and half duplexes) was down 21.5% to $1,854,000.

The 2026 BC Assessments are now available with values as of July 1st, 2025. On average, single family homes in the City and District of North Vancouver saw a 3% decrease from the previous year, while the District of West Vancouver saw a 5% decrease. For strata title properties, all three municipalities were down 2% on average. 

If you have questions about your new assessment or would like sales information to support an appeal, you can contact us here.

Sales. Search all the North and West Vancouver homes that sold in 2025 with access to all sold data (including listed and sale prices, days on market, and more). 

North Vancouver Sales >>   |    West Vancouver Sales >>

Plus, see the top 10 sales of the year:

North Van Top 10 Sales >>   |   West Van Top 10 Sales >>

As always, we would be pleased to hear from you to answer any real estate questions or to assist you with your real estate goals in 2026.  We can be reached at 604.983.2518, by completing the form on this page, or by appointment at our office at 110 1st Street East, North Vancouver.

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