December 2025 Real Estate Market Insights
Join hosts Suzana Goncalves and Brittany Reimer for the December 2025 Presale Pulse as they unpack a market heading into year-end on pause. From stronger-than-expected GDP results to continued buyer hesitation, elevated inventory, and a presale market giving way to rental momentum, they break down what’s driving today’s conditions and what to watch as we move into 2026.

Macroeconomic Conditions
Canada’s Q3 GDP surprised to the upside at 2.6%, helping the economy avoid a technical recession. However, growth was largely driven by lower imports rather than stronger exports, investment, or consumer spending, signalling ongoing economic caution. Mortgage delinquency rates remain low, but with a large wave of 2021-era mortgages set to renew in 2026, financial pressure on households is expected to build.

Presale Market Overview
Presale activity slowed further in November, with just three project launches totaling 346 units and no sales recorded. No new launches are expected in December as year-end seasonality and buyer hesitation persist. Developers remain cautious, with many projects deferring sales updates until early 2026. Meanwhile, the rental market continued to outperform. Approximately 45 rental projects completed construction in 2025, up 20% year over year. Increased supply has softened rents, with incentives now standard and net rents averaging about 10% below advertised rates, shifting negotiating power firmly to tenants.

Resale Market Forecast
Resale sales declined more than 15% year over year in both Greater Vancouver and the Fraser Valley, with December expected to remain slow due to the holidays. Active listings remain elevated, giving buyers significant choice and leverage, while prices have eased modestly across both regions. Looking ahead, presale activity is expected to remain subdued into early 2026, while rental leasing should pick up again in the spring. In the near term, elevated inventory and softer pricing continue to create selective opportunities for buyers as confidence slowly rebuilds.

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December 2025 Real Estate Market Insights by MLA Canada