West Vancouver's Detached Market Down Significantly Since 2021, New Data Shows Major Repricing

WEST VANCOUVER, British Columbia - Nov. 13, 2025 - PRLog -- West Vancouver, BC — The West Vancouver detached housing market has undergone a substantial multi-year shift, with new REBGV data confirming a notable decline in both sales activity and buyer urgency since the peak of 2021. What was once one of the most competitive detached markets in Metro Vancouver has now transitioned into a slower, more price-sensitive environment—resulting in meaningful repricing across all segments.

In 2021, detached home sales reached 688 transactions, marking the height of the market's performance. Since then, activity has steadily declined: 437 sales in 2022, 368 in 2023, and 401 in 2024. As of October 31, 2025, the market has recorded 316 sales year-to-date, reflecting continued hesitation among buyers evaluating affordability, interest rates, and long-term value.

"West Vancouver has seen a clear shift away from the intensity of the 2021 market," says Michelle Vaughan, Personal Real Estate Corporation with Royal Pacific Lions Gate Realty. "Homes are still selling, but buyers are taking more time, negotiating more confidently, and being selective about what they purchase. Sellers who adapt quickly to today's expectations are achieving the best outcomes."

The repricing trend has been shaped by a combination of factors: higher borrowing costs, increased inventory, and a broader normalization following the unprecedented demand seen during the pandemic. While the transition has been challenging for some sellers, the shift has created meaningful opportunities for buyers who were previously priced out of West Vancouver's detached market.

"Many of today's buyers finally have room to breathe," adds Vaughan. "Instead of competing with multiple offers, they can evaluate options, negotiate strategically, and make decisions without pressure. It's a very different landscape from four years ago."

The full breakdown, including year-by-year sales figures and detailed analysis, is now available.

For more details on this market update and to read the full analysis, visit the complete report on my website at www.michellevaughan.ca/blog/95404

Media Contact:
Michelle Vaughan, Personal Real Estate Corporation
Royal Pacific Lions Gate Realty
Phone: 604-839-3000
Website: www.michellevaughan.ca