Greater Vancouver REALTORS (HPI) Market Report - January 2026

Greater Vancouver REALTORS (HPI) — January 2026

In January 2026, the composite benchmark price for Greater Vancouver real estate is $1,000,400, reflecting a 6.3% decrease year-over-year. Total sales for the month stand at 89, with new listings totaling 441.

Market Analysis

The Greater Vancouver real estate market continues to exhibit buyer-favorable conditions, evidenced by a sales-to-new-listings ratio (SNLR) of 20.2%. This indicates that while new listings are entering the market, buyer activity remains subdued compared to previous months. The composite benchmark price has decreased from $1,015,100 in December 2025, suggesting a softening in market demand as buyers navigate a challenging economic landscape.

The decline in the benchmark price year-over-year from $1,067,900 in January 2025 to the current $1,000,400 signals a shift in market dynamics, with buyers gaining more leverage. The total sales figure of 89 represents a significant drop from the previous month, highlighting the ongoing hesitance among buyers amid economic uncertainties.

Property Type Analysis

In January, the benchmark price for detached homes is $1,647,800, while attached/townhouses are priced at $982,500, and apartments at $668,800. Although specific sales data for each property type is not available, the overall trend indicates that buyers are gravitating towards more affordable options, particularly in the attached and apartment categories, as they seek to maximize value in a declining price environment.

Regional Highlights

Regional trends indicate a continued influx of new listings, with 441 properties added to the market this month. This increase in inventory may provide buyers with more choices, but the overall sales activity remains low, suggesting that the market is still adjusting to the current economic conditions. The disparity in buyer interest across different property types may further influence regional pricing strategies in the coming months.

For Buyers

For prospective buyers, this is an opportune time to enter the market as prices have softened. Buyers should consider exploring various property types, particularly attached homes and apartments, which may offer better value. Engaging with a knowledgeable REALTOR can help navigate the current landscape and identify properties that meet individual needs.

For Sellers

Sellers should remain realistic about pricing in the current market climate, as the decrease in benchmark prices suggests that overpricing could lead to extended time on the market. It is advisable to consult with a REALTOR to assess the competitive landscape and set a price that reflects current market conditions while still attracting potential buyers.