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 real estate is $729,600, reflecting a year-over-year decline of 7.4%. The market remains balanced, indicating stable conditions for both buyers and sellers.

Market Analysis

The Greater Vancouver real estate market continues to experience a downward trend in prices, with the composite benchmark price decreasing from $731,100 in December 2025 to $729,600 in January 2026. This marks a significant decline from $787,900 in January 2025, highlighting a broader trend of decreasing property values over the past year. Despite these price adjustments, the market is currently classified as balanced, suggesting that supply and demand are relatively equal, which may provide opportunities for both buyers and sellers.

Property Type Analysis

In terms of property types, the detached homes have a benchmark price of $1,205,900, while attached/townhouse properties are priced at $729,900, and apartments at $567,700. The price dynamics across these categories indicate that detached homes remain the most expensive option, while apartments continue to be the most affordable, reflecting the diverse needs and budgets of buyers in the region.

Regional Highlights

The overall market conditions in Greater Vancouver show a consistent pattern of price adjustments across various neighborhoods. While specific sales and listing data are not available for January 2026, the ongoing balanced market suggests that regions may be experiencing localized variations in demand and inventory levels, which could influence future pricing trends.

For Buyers

Potential buyers are encouraged to take advantage of the current balanced market conditions, as this may provide opportunities for negotiating favorable terms. With prices down from last year, buyers should conduct thorough research and consider their long-term goals when entering the market.

For Sellers

Sellers should remain realistic about pricing in the current market environment, as the year-over-year decline in benchmark prices indicates that overpricing may lead to extended listing periods. It is advisable for sellers to work closely with their REALTORS to set competitive prices that reflect current market conditions.