Greater Vancouver REALTORS (HPI) Report: January 2026 Market Shows 9.7% Year-Over-Year Price Decline

Greater Vancouver REALTORS (HPI) — January 2026

In January 2026, the composite benchmark price for Greater Vancouver is $1,015,100, reflecting a 9.7% decrease from January 2025. The market is currently in a balanced condition, indicating a stable environment for both buyers and sellers.

Market Analysis

The Greater Vancouver real estate market is experiencing a balanced condition as of January 2026, with the composite benchmark price declining from $1,124,200 in January 2025 to $1,015,100 this month. This represents a significant year-over-year price drop of 9.7%, suggesting a cooling trend in the market. The decline in prices may be attributed to a combination of factors, including changes in buyer sentiment and economic conditions affecting purchasing power.

Property Type Analysis

When examining the property types, the benchmark price for detached homes stands at $1,796,300, while attached/townhouses are priced at $824,100, and apartments at $740,900. This indicates a notable price differentiation across property types, with detached homes continuing to command the highest prices, reflecting their desirability despite the overall market decline.

Regional Highlights

Regional trends indicate that the Greater Vancouver area is experiencing varied dynamics across its neighborhoods. While specific sales and listing data are not available for January 2026, the overall balanced market condition suggests that buyers and sellers may find opportunities in various segments, particularly in the attached and apartment categories where prices are comparatively lower.

For Buyers

For prospective buyers, the current balanced market presents an opportunity to negotiate better terms and prices. With the composite benchmark price down significantly year-over-year, buyers may find favorable conditions to enter the market, particularly in the attached and apartment segments where prices are more accessible.

For Sellers

Sellers should be mindful of the current market conditions and the year-over-year price decline when pricing their properties. It is advisable to conduct thorough market research and consider competitive pricing strategies to attract potential buyers in a balanced market.