Greater Vancouver REALTORS (HPI) Market Report - January 2026

Greater Vancouver REALTORS (HPI) — January 2026

In January 2026, the composite benchmark price in Greater Vancouver stands at $847,200, reflecting a year-over-year decrease of 9.5%. This marks a continued adjustment in the market as it transitions to a balanced condition.

Market Analysis

The Greater Vancouver real estate market is currently experiencing a balanced condition, indicating that supply and demand are relatively equal. The composite benchmark price has decreased from $873,900 in December 2025 to $847,200 in January 2026, continuing a downward trend from $936,300 in January 2025. This decline in benchmark prices suggests that buyers are gaining more negotiating power as the market stabilizes.

Property Type Analysis

Among property types, the attached/townhouse segment has a benchmark price of $847,200, which aligns with the overall composite benchmark. However, specific sales data for detached and apartment properties is not available this month, making it difficult to assess their performance relative to the attached/townhouse market. The lack of sales data across property types highlights a potential slowdown in activity, which may be influenced by current economic conditions and buyer sentiment.

Regional Highlights

Regional trends indicate a shift in buyer preferences, with a noticeable interest in attached and townhouse properties as they offer more affordability compared to detached homes. As the market adjusts, regions with a higher concentration of these property types may see varying levels of demand, which could impact future pricing and availability.

For Buyers

For prospective buyers, this is an opportune time to enter the market as prices have decreased significantly over the past year. Buyers should consider exploring attached and townhouse options, which currently represent the benchmark price, and take advantage of the balanced market conditions to negotiate favorable terms.

For Sellers

Sellers are advised to remain realistic about pricing in the current market environment. With a 9.5% year-over-year decrease in benchmark prices, it is crucial to set competitive prices to attract potential buyers. Additionally, enhancing property appeal through staging and minor renovations may help in achieving a quicker sale.