Greater Vancouver REALTORS (HPI) January 2026 Market Report: Buyers Hold the Advantage

Greater Vancouver REALTORS (HPI) — January 2026

In January 2026, the Greater Vancouver real estate market recorded a composite benchmark price of $856,600, reflecting a year-over-year decrease of 5.1%. Total sales for the month reached 9, while new listings amounted to 51.

Market Analysis

The Greater Vancouver real estate market continues to exhibit conditions favorable to buyers, with a sales-to-new-listings ratio (SNLR) of 17.6%. This indicates a significant imbalance between supply and demand, as new listings outpaced sales. The total sales figure of 9 is notably low, suggesting that buyer activity remains subdued amid ongoing economic uncertainties and higher interest rates. The composite benchmark price has also decreased from $862,000 in December 2025, indicating a downward trend in property values as the market adjusts to current conditions.

Property Type Analysis

The benchmark prices for various property types in January 2026 are as follows: detached homes at $1,189,700, attached/townhouses at $781,700, and apartments at $549,300. While specific sales data for each property type is not available this month, the overall market trend suggests that buyers may find more opportunities in the attached and apartment segments, where prices are comparatively lower than detached homes.

Regional Highlights

Regionally, the Greater Vancouver area continues to experience a diverse range of market dynamics. The increase in new listings, totaling 51 this month, indicates that sellers are still willing to enter the market, despite the current buyer-favorable conditions. This influx of new inventory may provide buyers with more choices, potentially leading to a more competitive environment in the upcoming months.

For Buyers

For prospective buyers, the current market conditions present an opportunity to negotiate favorable terms, given the low sales activity and high number of new listings. Buyers should consider exploring various property types, particularly attached homes and apartments, which may offer better value in the current landscape.

For Sellers

Sellers should remain cautious in this buyer-dominant market. With only 9 sales recorded this month, it is essential to price properties competitively and ensure they stand out among the 51 new listings. Engaging with a knowledgeable REALTOR can help navigate these conditions effectively.