Greater Vancouver Real Estate Statistics - January 2026

New Year, Same Housing Market in Metro Vancouver

VANCOUVER, BC, February 3, 2026

Last year’s market trends continued in January as home sales registered on the MLS® in Metro Vancouver were 28.5 percent lower than last year, setting the year off to a quieter start.

The Greater Vancouver REALTORS® reports that residential sales in the region totalled 1,107 in January 2026, a 28.7 percent decrease from the 1,552 sales recorded in January 2025. This was 30.9 percent below the 10-year seasonal average of 1,602.

“On their own, the January sales appear alarming, but it’s important to put these figures in the context of the past few years. Last year ended with one of the lowest sales totals in over two decades, and so it’s not surprising that the January sales figures were the fourth slowest in over two decades as well,” said Andrew Lis, GVR’s chief economist and vice president of data analytics.

“Market momentum is a slowly evolving force, and in many ways, the January figures represent a market that continues slowly evolving to what may be a new normal.”

There were 5,157 detached, attached, and apartment properties newly listed for sale on the Multiple Listing Service® in Metro Vancouver in January 2026. This represents a 7.3 percent decrease compared to the 5,566 properties listed in January 2025. This was 19.4 percent above the 10-year seasonal average of 4,318.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 12,628, a 9.9 percent increase compared to January 2025 at 11,494. This is 38 percent above the 10-year seasonal average of 9,153.

Across all detached, attached, and apartment property types, the sales-to-active-listings ratio for January 2026 is 9.1 percent. By property type, the ratio is 6.7 percent for detached homes, 11.1 percent for attached homes, and 10.3 percent for apartments.

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 percent for a sustained period, while home prices often experience upward pressure when it surpasses 20 percent over several months.

“Our recent 2026 forecast suggests this year is likely to resemble 2025 on many fronts, and we expect sales to remain tepid. When paired with sellers remaining eager to list, inventory will likely remain elevated relative to historical averages, and, as a result, we expect prices to finish the year relatively unchanged,” Lis said.

“As consumers adjust to the ongoing backdrop of political and economic uncertainty, we expect a degree of pent-up demand to reenter the market at some point. Whether it will happen in 2026 remains an open question, and we’ll be watching the market closely for signs of improvement.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,101,900. This represents a 5.7 percent decrease over January 2025 and a 1.2 percent decrease compared to December 2025.

Detached Homes

Sales of detached homes in January 2026 reached 300, a 21.1 percent decrease from the 380 detached sales recorded in January 2025. The benchmark price for a detached home is $1,850,800. This represents a 7.3 percent decrease from January 2025 and a 1.5 percent decrease compared to December 2025.

Apartment Homes

Sales of apartment homes reached 554 in January 2026, a 34.5 percent decrease compared to the 846 sales in January 2025. The benchmark price of an apartment home is $704,600. This represents a 5.9 percent decrease from January 2025 and a 0.8 percent decrease compared to December 2025.

Attached Homes

Attached home sales in January 2026 totalled 246, a 23.4 percent decrease compared to the 321 sales in January 2025. The benchmark price of a townhouse is $1,043,400. This represents a 5.4 percent decrease from January 2025 and a 1.2 percent decrease compared to December 2025.