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 $1,056,600, reflecting an 8.0% decrease from the previous year. Total sales for the month reached 129, with new listings totaling 593, indicating a continued shift in market dynamics.

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 21.8%. This low SNLR suggests that demand is not keeping pace with the influx of new listings, contributing to downward pressure on prices. The composite benchmark price has decreased from $1,079,700 in December 2025, indicating a consistent trend of declining values as the market adjusts to current economic conditions and buyer sentiment.

Property Type Analysis

In January 2026, the benchmark price for detached homes stands at $1,991,600, while attached/townhouse properties are priced at $1,033,100, and apartments at $663,500. The significant price differences among these property types reflect varying levels of demand and supply, with detached homes continuing to command the highest prices despite the overall market decline.

Regional Highlights

The Greater Vancouver area continues to experience fluctuations in its real estate market, with new listings increasing to 593 in January 2026. This influx of new inventory may provide buyers with more options, but the overall decline in benchmark prices suggests that sellers may need to adjust their expectations to attract buyers in this competitive landscape.

For Buyers

For buyers, this market presents an opportunity to negotiate more favorable terms due to the current buyer's market conditions. With a variety of new listings available, potential buyers should conduct thorough research and consider their long-term goals when making purchasing decisions.

For Sellers

Sellers are advised to remain realistic about pricing in light of the current market conditions. With benchmark prices declining, it is crucial to price homes competitively to attract potential buyers, while also being prepared for longer selling times as the market adjusts.