Greater Vancouver REALTORS® Report: January 2026 Market Shows Continued Slowdown

Greater Vancouver REALTORS — January 2026

In January 2026, Greater Vancouver REALTORS® report 1,107 residential sales, marking a 28.5% decrease from January 2025. The composite benchmark price for all properties is $1,101,900, reflecting a 5.7% year-over-year decline.

Market Analysis

The Greater Vancouver real estate market continues to experience a slowdown, with January 2026 sales falling significantly below both last year and the 10-year seasonal average. Total sales of 1,107 represent a 28.5% decrease from the 1,552 sales recorded in January 2025 and are 30.9% below the 10-year average of 1,602. The months of inventory stands at 11.4, indicating a buyer's market, as the sales-to-active listings ratio is only 21.5%. This suggests that the current supply of homes significantly outpaces demand, contributing to downward pressure on prices.

Property Type Analysis

When examining the performance of different property types, detached homes have the highest benchmark price at $1,850,800, but also saw a notable decline in sales, with only 300 transactions in January 2026, down 21.1% from the previous year. In contrast, attached and apartment properties, priced at $1,043,400 and $704,600 respectively, show more resilience, with sales of 246 and 554 units, indicating a relatively stronger demand in these segments compared to detached homes.

Regional Highlights

The overall inventory in the Greater Vancouver area remains elevated, with 12,628 active listings, a 9.9% increase from January 2025. New listings totaled 5,157, which is a slight decrease of 7.3% compared to the previous year but still above the 10-year seasonal average. This persistent inventory level suggests that sellers are eager to list their properties, while buyers are hesitant, leading to a continued adjustment period in the market.

For Buyers

For prospective buyers, the current market conditions present an opportunity to negotiate favorable terms due to the high inventory levels. Buyers should consider taking their time to explore various options and leverage the buyer's market to secure properties at competitive prices.

For Sellers

Sellers are advised to remain realistic about pricing in the current market, as the high inventory and low sales activity may necessitate price adjustments. It is crucial for sellers to work closely with their REALTORS® to develop a strategic marketing plan that highlights their property's unique features to attract potential buyers.