Real Estate Update in False Creek Flats

False Creek Flats — Regional Overview

December 2025 brought measured activity across the False Creek Flats area, with both detached and attached segments posting sales ratios that signal balanced to solid market conditions. Across the region, detached homes tracked at a balanced pace while the condo and townhome segment crossed into solid-performance territory.

Detached Houses:

• Inventory: 49
• Sales: 10
• Sales Ratio: 20.4%

Condos & Townhomes:

• Inventory: 171
• Sales: 39
• Sales Ratio: 22.8%

The detached segment at 20.4% sits at the upper edge of balanced conditions, reflecting steady demand against a moderate supply of 49 homes. The attached segment at 22.8% moved into the solid-performance range, with 39 sales from 171 available units — underscoring the continued strength of condo and townhome demand throughout the False Creek Flats corridor.

Neighbourhood Breakdown

The following sections break down December 2025 market activity for each of the five neighbourhoods surrounding False Creek Flats. Inventory, sales, and sales ratio data is sourced from SnapStats. Each area contributes to the broader picture of housing demand and supply within this part of East Vancouver.

Strathcona

Detached Houses:

• Inventory: 5
• Sales: 0
• Sales Ratio: 0.0%

Condos & Townhomes:

• Inventory: 21
• Sales: 3
• Sales Ratio: 14.3%

Strathcona’s detached segment recorded no sales in December 2025 against a very limited inventory of five homes, reflecting buyer-friendly conditions where supply is thin but demand has yet to materialize. The condo and townhome market fared better, achieving a 14.3% sales ratio — balanced conditions with 3 sales from 21 available units, a modest but consistent result for Vancouver’s oldest neighbourhood.

Downtown Eastside

Detached Houses:

• Inventory: 0
• Sales: 0
• Sales Ratio: 0.0%

Condos & Townhomes:

• Inventory: 30
• Sales: 4
• Sales Ratio: 13.3%

Downtown Eastside has no detached housing inventory, as the area consists entirely of condos and townhomes. The attached segment posted a 13.3% sales ratio in December 2025 — balanced conditions with 4 sales from 30 available units, indicating steady but measured absorption in this primarily condo-driven neighbourhood.

Grandview-Woodland

Detached Houses:

• Inventory: 31
• Sales: 8
• Sales Ratio: 25.8%

Condos & Townhomes:

• Inventory: 35
• Sales: 7
• Sales Ratio: 20.0%

Grandview-Woodland delivered solid performance in the detached segment in December 2025, with a 25.8% sales ratio from 8 sales across 31 listings — the second-highest detached sales ratio in the region. The condo and townhome market sat at the boundary of balanced conditions, recording 7 sales from 35 units at an even 20.0% sales ratio, underscoring consistent demand across both property types in this active neighbourhood.

Hastings

Detached Houses:

• Inventory: 7
• Sales: 2
• Sales Ratio: 28.6%

Condos & Townhomes:

• Inventory: 10
• Sales: 2
• Sales Ratio: 20.0%

Hastings achieved the highest detached sales ratio in the region at 28.6% in December 2025 — solid performance from a small but active inventory of seven homes. The condo and townhome segment matched balanced conditions at 20.0%, with 2 sales from 10 available units. Both figures reflect healthy buyer interest relative to Hastings’ compact housing supply.

Mount Pleasant (Eastside)

Detached Houses:

• Inventory: 6
• Sales: 0
• Sales Ratio: 0.0%

Condos & Townhomes:

• Inventory: 75
• Sales: 23
• Sales Ratio: 30.7%

Mount Pleasant (Eastside) stands out as the strongest condo and townhome market in the False Creek Flats region for December 2025, with a 30.7% sales ratio — solid activity generated by 23 sales across 75 available units. By contrast, the detached segment recorded no sales from a limited inventory of six homes, pointing to limited activity in what remains a predominantly attached-housing neighbourhood as new development continues to reshape the area.

Vancouver East vs. Vancouver West — December 2025 Benchmark Price Comparison

All neighbourhoods in the False Creek Flats region fall within the Vancouver East geographic designation used by the Real Estate Board of Greater Vancouver (REBGV). The following benchmark prices are sourced from REBGV data and show how Vancouver East tracked in December 2025 against Vancouver West (Westside), providing buyers and sellers with a clear picture of the pricing landscape across the city.

Vancouver East

Detached Homes

• Benchmark Price: $1,718,800
• 1-Month Change (November to December 2025): -1.1%
• 1-Year Change (December 2024 to December 2025): -7.6%

Townhouses

• Benchmark Price: $1,035,100
• 1-Month Change (November to December 2025): -2.9%
• 1-Year Change (December 2024 to December 2025): -8.7%

Condos

• Benchmark Price: $650,100
• 1-Month Change (November to December 2025): -0.5%
• 1-Year Change (December 2024 to December 2025): -5.9%

Vancouver West

Detached Homes

• Benchmark Price: $3,137,400 (+$1,418,600 premium over Vancouver East)
• 1-Month Change (November to December 2025): -1.1%
• 1-Year Change (December 2024 to December 2025): -5.4%

Townhouses

• Benchmark Price: $1,413,200 (+$378,100 premium over Vancouver East)
• 1-Month Change (November to December 2025): +3.4%
• 1-Year Change (December 2024 to December 2025): -7.4%

Condos

• Benchmark Price: $782,200 (+$132,100 premium over Vancouver East)
• 1-Month Change (November to December 2025): +0.7%
• 1-Year Change (December 2024 to December 2025): -1.7%

Market Analysis

In December 2025, Vancouver East detached home buyers accessed the market at a benchmark of $1,718,800 — approximately 45% below the Vancouver West benchmark of $3,137,400, a dollar difference of $1,418,600. That gap represents a significant entry-point advantage for buyers drawn to the False Creek Flats area and its surrounding East Vancouver neighbourhoods. For attached housing, the pricing differential narrows but remains meaningful: townhomes in Vancouver East benchmarked at $378,100 less than Westside equivalents, while condos carried a $132,100 premium in Vancouver West. Both markets posted modest monthly declines in the detached segment, with Vancouver East off 1.1% and Vancouver West matching that same figure. Townhouses diverged notably — Vancouver West gained 3.4% month over month while Vancouver East fell 2.9%, suggesting that Westside attached demand strengthened in December 2025 while East Vancouver buyers pulled back. Year over year, Vancouver East detached homes softened 7.6% compared to a 5.4% decline on the Westside, pointing to greater price correction pressure in East Vancouver over the past twelve months.

Explore Current Listings in False Creek Flats

Based on the December 2025 Vancouver East benchmark prices, here are direct links to current property listings in the False Creek Flats area — organized above and below each benchmark to help you identify where your budget fits in today’s market.

Whether you are searching for an entry-level condo or a detached home, False Creek Flats and its surrounding East Vancouver neighbourhoods offer benchmark prices that remain substantially below comparable properties on Vancouver’s Westside — making this one of the city’s most compelling corridors for buyers at a range of budgets.