Greater Vancouver REALTORS (HPI) Market Report: January 2026 Shows Continued Price Decline

Greater Vancouver REALTORS (HPI) — January 2026

In January 2026, the composite benchmark price for Greater Vancouver homes is $919,600, reflecting a 5.9% decrease from the previous year. Total sales reached 79, while new listings totaled 318, indicating a competitive market for buyers.

Market Analysis

The Greater Vancouver real estate market continues to experience a shift towards a buyer's market, as evidenced by the 24.8% sales-to-new-listings ratio (SNLR) in January. With a total of 79 sales this month, the market shows a decline in activity compared to December 2025, which recorded 94 sales. The decrease in the composite benchmark price to $919,600 suggests that buyers are gaining leverage amid increasing inventory levels, as new listings outpace sales.

Property Type Analysis

In January, the benchmark price for detached homes stands at $1,225,700, while attached/townhouses are priced at $725,600, and apartments at $505,700. Although specific sales data for each property type is not available, the overall price decline indicates that buyers may find more opportunities across various segments, particularly in the apartment market, which typically attracts first-time buyers.

Regional Highlights

Regional trends indicate a growing inventory, with 318 new listings coming to market this month. This influx of new listings may help to alleviate some of the pressure on buyers, who have faced rising prices in previous years. As the market adjusts, potential buyers may find favorable conditions to negotiate better terms.

For Buyers

For buyers entering the Greater Vancouver market, it is advisable to act strategically given the current buyer's market conditions. With a variety of new listings available, buyers should take their time to evaluate options and consider making offers that reflect the current market dynamics.

For Sellers

Sellers should be aware of the declining benchmark prices and the competitive landscape. It is crucial to price properties realistically to attract potential buyers, as the market is currently favoring buyers. Working with a knowledgeable REALTOR can help sellers navigate these conditions effectively.