Greater Vancouver REALTORS® Report January 2026: Home Sales Decline 28.5% Year-Over-Year

Greater Vancouver REALTORS — January 2026

In January 2026, residential sales in Metro Vancouver totaled 1,107, marking a 28.5% decrease from 1,552 sales in January 2025. The composite benchmark price for all residential 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 28.5% compared to the previous year. This marks the fourth slowest January for sales in over two decades, indicating a persistent trend of reduced activity. The total number of active listings has risen to 12,628, a 9.9% increase from January 2025, contributing to a months of inventory figure of 11.4, signaling a buyer's market. The sales-to-active listings ratio stands at 9.1%, well below the threshold of 12% that typically exerts downward pressure on prices.

New listings also decreased by 7.3% year-over-year, totaling 5,157 in January 2026. Despite this decline, the number of new listings remains significantly above the 10-year seasonal average of 4,318, suggesting that while sellers are eager to list, buyer demand has not kept pace. The current market dynamics indicate that elevated inventory levels are likely to persist, keeping price fluctuations minimal as the market adjusts to ongoing economic and political uncertainties.

Property Type Analysis

In January 2026, the detached home market saw 300 sales with a benchmark price of $1,850,800, reflecting a notable decrease in activity. Attached and townhouse properties recorded 246 sales at a benchmark price of $1,043,400, while apartments led the sales with 554 transactions at a benchmark price of $704,600. The sales-to-active listings ratios vary by property type, with detached homes at 6.7%, attached homes at 11.1%, and apartments at 10.3%, indicating differing levels of buyer interest across these categories.

Regional Highlights

The Greater Vancouver region continues to face challenges as it adjusts to a new market reality characterized by high inventory and declining sales. The overall market sentiment remains cautious, with many buyers and sellers navigating the uncertainties of the current economic landscape. As a result, the region is seeing a shift towards a more balanced market, with buyers having greater negotiating power.

For Buyers

For prospective buyers, this is an opportune time to enter the market, as elevated inventory levels provide a wider selection of properties. Buyers should conduct thorough research and consider their long-term goals, as prices are expected to remain stable in the near term. Engaging with a knowledgeable REALTOR® can help navigate the complexities of the current market conditions.

For Sellers

Sellers should be prepared for a competitive landscape where pricing strategies are crucial. With inventory levels high, it is essential to price homes realistically to attract potential buyers. Working closely with a REALTOR® can help sellers position their properties effectively and understand market trends to optimize their selling strategy.