Greater Vancouver REALTORS January 2026 Market Report: Sales Decline Amid Increased Listings

Greater Vancouver REALTORS (HPI) — January 2026

In January 2026, the Greater Vancouver real estate market experienced a total of 24 sales, a decrease from 36 sales in December 2025. New listings rose to 160, indicating a shift in market dynamics as the supply of homes increases.

Market Analysis

The Greater Vancouver real estate market is currently characterized by buyer conditions, as evidenced by a sales-to-new-listings ratio (SNLR) of 15.0%. This low SNLR suggests that while new listings are entering the market, buyer activity remains subdued, leading to a slower pace of sales. The increase in new listings compared to the previous month indicates that sellers may be responding to the current market conditions by listing their properties, but buyer demand has not kept pace, resulting in a higher inventory of homes available for sale.

Property Type Analysis

While specific benchmark prices and sales data for property types are not available this month, the overall market trend suggests that detached homes, attached/townhouses, and apartments are all experiencing similar pressures from increased inventory and lower sales activity. Buyers may find more options in all categories, but the overall market remains competitive as sellers adjust their expectations in response to changing demand.

Regional Highlights

Regional trends indicate that the Greater Vancouver area is seeing a diversification in listings, with various neighborhoods experiencing different levels of demand. Areas that were previously hot may now be seeing a cooling effect, while others may benefit from the increased supply, allowing buyers to explore more options without the urgency that characterized previous months.

For Buyers

For prospective buyers, January presents an opportunity to explore the market with a wider selection of properties available. Buyers are encouraged to conduct thorough research and consider their options, as the current buyer-friendly conditions may allow for more negotiation power and favorable terms.

For Sellers

Sellers should be mindful of the increased competition in the market as new listings rise. It is advisable to price properties competitively and ensure homes are presented in the best possible condition to attract potential buyers in a market that is currently favoring buyers.