Greater Vancouver REALTORS (HPI) Market Report: January 2026 Shows Continued Price Declines

Greater Vancouver REALTORS (HPI) — January 2026

In January 2026, the composite benchmark price for Greater Vancouver homes is $798,100, reflecting a 6.9% decrease from January 2025. Total sales for the month reached 25, with 110 new listings entering the market.

Market Analysis

The Greater Vancouver real estate market continues to exhibit buyer-favorable conditions as evidenced by a sales-to-new-listings ratio (SNLR) of 22.7%. This indicates that while new listings are coming onto the market, buyer activity remains subdued, contributing to a competitive landscape where inventory levels are not keeping pace with demand. The composite benchmark price has seen a modest increase from December 2025, when it was $792,700, suggesting a stabilization in pricing despite the year-over-year decline.

Property Type Analysis

The benchmark prices for various property types in January 2026 are as follows: detached homes at $851,800, attached/townhouses at $737,400, and apartments at $457,800. While specific sales figures are not available, the overall market dynamics suggest that detached homes continue to command higher prices, reflecting their desirability in the current market environment.

Regional Highlights

Regional trends indicate that Greater Vancouver is experiencing a shift in buyer preferences, with a noticeable interest in more affordable property types such as apartments and townhouses. As the market adjusts to changing economic conditions, buyers are increasingly looking for value, which may influence future pricing and availability across different neighborhoods.

For Buyers

Prospective buyers are encouraged to act strategically in the current market. With a relatively low number of sales and a significant number of new listings, buyers have the opportunity to negotiate better terms. It is advisable to conduct thorough research and consider various property types to find the best fit for their 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 help attract buyers in a market where inventory is increasing. Engaging with a knowledgeable REALTOR can provide valuable insights into effective marketing strategies.