Greater Vancouver REALTORS Market Report: January 2026 Shows Continued Buyer Favorability

Greater Vancouver REALTORS — January 2026

In January 2026, the Greater Vancouver real estate market sees a composite benchmark price of $1,101,900, reflecting a 5.7% decrease year-over-year. Total sales reach 1,107, while new listings rise to 5,157, contributing to an active inventory of 12,628 properties.

Market Analysis

The Greater Vancouver real estate market continues to exhibit buyer-favorable conditions, with a months of inventory (MOI) at 11.4, indicating a significant supply surplus. The sales-to-new-listings ratio (SNLR) stands at 21.5%, well below the balanced market threshold, suggesting that buyers have the upper hand in negotiations. Year-over-year sales have dropped by 28.7%, reflecting a cooling market as buyers remain cautious amidst economic uncertainties.

Property Type Analysis

In January, the benchmark price for detached homes is $1,850,800, while attached/townhouses are priced at $1,043,400, and apartments at $704,600. The decline in prices across all property types indicates a broader market adjustment, with buyers increasingly gravitating towards more affordable options, particularly in the apartment segment, which may see more competitive activity as buyers seek value.

Regional Highlights

Regionally, the increase in new listings to 5,157 has contributed to the growing inventory, which now stands at 12,628 active listings. This trend highlights a shift in market dynamics, as sellers respond to the slower sales pace by listing more properties, further solidifying the buyer's market. Areas with higher inventory levels may see more pronounced price adjustments as competition among sellers intensifies.

For Buyers

Buyers are encouraged to take advantage of the current market conditions, characterized by ample inventory and negotiating power. With a variety of options available, potential buyers should conduct thorough research and consider their long-term goals, as prices may continue to stabilize or decline in the near term.

For Sellers

Sellers should remain realistic about pricing strategies in the current market environment. With a significant number of active listings, it is crucial to present properties competitively to attract buyers. Engaging with a knowledgeable REALTOR can provide insights into effective marketing strategies and pricing adjustments to enhance visibility and appeal.