Greater Vancouver REALTORS (HPI) Market Report: January 2026 Shows Price Decline of 6.0% Year-Over-Year

Greater Vancouver REALTORS (HPI) — January 2026

In January 2026, the composite benchmark price for Greater Vancouver real estate stands at $858,200, reflecting a 6.0% decrease from January 2025's benchmark of $912,700. The market is currently characterized as balanced, indicating stable conditions for both buyers and sellers.

Market Analysis

The Greater Vancouver real estate market continues to experience a downward trend in pricing, with the composite benchmark price declining from $859,700 in December 2025 to $858,200 in January 2026. This marks a significant year-over-year decrease of 6.0%, suggesting that buyers are facing more favorable conditions compared to the previous year. The balanced market indicates that supply and demand are relatively equal, which may contribute to stabilizing prices in the near future.

Property Type Analysis

In January 2026, the benchmark price for attached/townhouse properties is reported at $885,900, while apartments are priced at $710,300. Although specific sales data is not available, the differentiation in benchmark prices highlights the ongoing demand for various property types, with attached homes commanding higher prices than apartments. This trend may reflect buyer preferences for more spacious living arrangements amidst changing lifestyle needs.

Regional Highlights

While specific regional sales and inventory data are not available for January 2026, the overall balanced market condition suggests that various neighborhoods within Greater Vancouver are experiencing similar trends in pricing and demand. This uniformity can provide buyers with a range of options across different areas, potentially leading to more competitive pricing as sellers adjust to market conditions.

For Buyers

For prospective buyers, the current balanced market presents an opportunity to negotiate favorable terms. With prices declining year-over-year, buyers may find it advantageous to explore various property types and neighborhoods, taking the time to assess their options before making a commitment.

For Sellers

Sellers are encouraged to remain realistic about pricing in the current market, as the 6.0% year-over-year decline in benchmark prices indicates a need for strategic pricing to attract buyers. It is advisable to work closely with a REALTOR® to understand market dynamics and set a competitive price that reflects current conditions.