Greater Vancouver REALTORS (HPI) Report: January 2026 Market Shows Signs of Buyer Preference

Greater Vancouver REALTORS (HPI) — January 2026

In January 2026, the composite benchmark price for Greater Vancouver real estate is $1,289,700, reflecting a 3.9% decrease from the previous year. Total sales for the month reached 92, with 400 new listings entering the market.

Market Analysis

The Greater Vancouver real estate market is currently characterized as a buyer's market, with a sales-to-new-listings ratio (SNLR) of 23.0%. This indicates that while new listings are abundant, buyer activity remains subdued compared to previous periods. The composite benchmark price has increased slightly from December 2025's $1,283,600, but the year-over-year decline suggests a cooling trend in buyer demand. The total sales have decreased significantly from the previous month, where 123 sales were recorded in December 2025, highlighting a shift in market dynamics as buyers exercise caution amidst economic uncertainties.

Property Type Analysis

When examining property types, the detached homes have a benchmark price of $2,037,600, while attached/townhouses and apartments are priced at $1,269,900 and $780,300, respectively. The disparity in pricing reflects the ongoing demand for more affordable housing options, particularly in the attached and apartment segments, which may be more appealing to first-time buyers and those looking to downsize.

Regional Highlights

Regionally, the market continues to experience fluctuations, with new listings increasing to 400 in January 2026. This influx of inventory may provide buyers with more options, contributing to the current buyer's market conditions. As the Greater Vancouver area grapples with affordability challenges, the trend towards lower benchmark prices may signal a shift in buyer preferences towards more budget-friendly properties.

For Buyers

For buyers, this is an opportune time to enter the market, given the increased inventory and the current buyer-friendly conditions. It is advisable to conduct thorough research and consider a range of property types, as the market offers diverse options that may align with varying budgets and needs.

For Sellers

Sellers should be mindful of the current market dynamics and the year-over-year price decline. Pricing properties competitively and ensuring they are well-presented can attract potential buyers in a market where inventory levels are high. Engaging with a knowledgeable REALTOR can provide valuable insights into effective pricing strategies.