Greater Vancouver REALTORS (HPI) Report: January 2026 Market Shows 9.2% Year-Over-Year Price Decline

Greater Vancouver REALTORS (HPI) — January 2026

In January 2026, the composite benchmark price for properties in Greater Vancouver is $604,900, reflecting a 9.2% decrease from January 2025. The market is currently balanced, indicating a stable environment for both buyers and sellers.

Market Analysis

The Greater Vancouver real estate market continues to exhibit signs of adjustment as the composite benchmark price has decreased from $614,100 in December 2025 to $604,900 in January 2026. This decline of 9.2% year-over-year from $666,400 in January 2025 suggests a cooling trend in property values, likely influenced by shifts in buyer sentiment and economic factors. The current balanced market condition indicates that supply and demand are relatively equal, which may provide opportunities for negotiation for both buyers and sellers.

Property Type Analysis

In January 2026, the benchmark price for apartments stands at $604,900, while data for detached and attached/townhouse properties is not available. This price point for apartments reflects the overall market trend of declining values, particularly when compared to the previous year. The absence of sales data for other property types limits a comprehensive analysis, but the apartment market appears to be the focal point in this period.

Regional Highlights

While specific regional data is not available for this report, the overall trend in Greater Vancouver suggests that various neighborhoods may be experiencing differing levels of demand and price adjustments. Buyers should be aware that certain areas may offer more favorable conditions than others, depending on local market dynamics and inventory levels.

For Buyers

Prospective buyers are encouraged to take advantage of the current balanced market conditions. With prices showing a year-over-year decline, buyers may find more favorable purchasing opportunities and should consider conducting thorough market research to identify properties that meet their needs.

For Sellers

Sellers should remain realistic about pricing in the current market environment. Given the decline in benchmark prices, it is crucial to set competitive prices and be prepared for potential negotiations. Working with a knowledgeable REALTOR can provide valuable insights into pricing strategies and market positioning.