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Luxury Home Sales Plunge 39% in Greater Vancouver

8/12/2025

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Summary

Story summary

Luxury home sales in Greater Vancouver plummeted by 39% in 2025, with only 86 properties changing hands at an average of $6.6 million. While the luxury condo market experienced a similar 38% decline in sales, prices have surprisingly risen, highlighting a growing disconnect between what buyers want and what sellers are offering.

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Story summary

Luxury home sales in Greater Vancouver plummeted by 39% in 2025, with only 86 properties changing hands at an average of $6.6 million. While the luxury condo market experienced a similar 38% decline in sales, prices have surprisingly risen, highlighting a growing disconnect between what buyers want and what sellers are offering.