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

Greater Vancouver REALTORS (HPI) — January 2026

In January 2026, the composite benchmark price for Greater Vancouver real estate is $1,142,800, reflecting a 5.6% decrease from January 2025. Total sales for the month reached 127, with new listings totaling 648.

Market Analysis

The Greater Vancouver real estate market continues to exhibit buyer-favorable conditions as the composite benchmark price has decreased by 5.6% year-over-year. With 127 sales recorded in January, the market is experiencing a notable decline in activity compared to December 2025, when 158 sales were reported. This drop in sales, coupled with a significant influx of new listings, indicates a shift in supply and demand dynamics, favoring buyers who are currently navigating a more abundant selection of properties.

Property Type Analysis

In January, the benchmark price for detached homes stands at $1,697,600, while attached/townhouse properties are priced at $1,037,100, and apartments at $638,700. The varied price points across property types suggest that buyers may find more opportunities in the attached and apartment segments, which could be more accessible given the current market conditions.

Regional Highlights

The overall trend in Greater Vancouver reflects a broader regional adjustment in pricing, with the composite benchmark price declining from $1,154,900 in December 2025. This downward trajectory aligns with the ongoing economic factors influencing the housing market, including interest rates and buyer sentiment, which continue to affect purchasing decisions across the region.

For Buyers

For prospective buyers, this period presents an opportunity to explore a wider range of listings at potentially lower prices. With the current market conditions favoring buyers, 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 recent decline in benchmark prices. To attract buyers, it is essential to price properties competitively and ensure they are presented in the best possible condition, as the increased inventory may lead to longer selling times.