So the January numbers were out and the market has been slow. On the ground I’m seeing good activity at Open Houses for detached houses, townhouses and anything great or priced low but high rise condos have still generally been slow.
I would describe Buyers as active, but disciplined – they aren’t going to over pay and they aren’t going to rush into something that doesn’t feel right. Buyers are engaging with sharp prices, high value properties and move in ready units. Buyers are being more particular about building quality and layouts. So Seller’s take note: it’s definitely a market where neighbourhood, type of property, price and presentation matters. If you’re looking to sell and the unit doesn’t show well, it’s worthwhile doing what you need to do to clean up: whether that’s re-painting, staging, fixing repairs, landscaping or whatever else is needed to ensure you make the unit as appealing as possible to Buyers.
I’m not expecting this year to rebound, but I do expect to see Buyers make a move this Spring. As I mentioned above it seems that Buyers are starting to re-engage with the market now that sale figures indicate that prices are down. We may also see slightly lower inventory than expected because a lot of Seller’s may hold off on listing while the market is down (I’ve personally talked to a few potential Sellers this week that said they’d prefer to wait and see if the market gets a little better).
I’ve also been involved in a handful of multiple offer situations already this year. These properties aren’t selling for above market value, but they are selling quickly with some competition with regards to subject clauses (or a lack thereof).
If you’re a Buyer: learn all about the market you’re interested in, ensure you’re pre-approved and stay on your toes if you’re looking for a good deal or a good property – it’s Vancouver so the good ones go quick, regardless of market dynamics.
Here’s a snippet from the Real Estate Board’s Monthly Update:
“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 re-enter 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 per cent decrease over January 2025 and a 1.2 per cent decrease compared to December 2025.
Sales of detached homes in January 2026 reached 300, a 21.1 per cent 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 per cent decrease from January 2025 and a 1.5 per cent decrease compared to December 2025.
Sales of apartment homes reached 554 in January 2026, a 34.5 per cent decrease compared to the 846 sales in January 2025. The benchmark price of an apartment home is $704,600. This represents a 5.9 per cent decrease from January 2025 and a 0.8 per cent decrease compared to December 2025.
Attached home sales in January 2026 totalled 246, a 23.4 per cent decrease compared to the 321 sales in January 2025. The benchmark price of a townhouse is $1,043,400. This represents a 5.4 per cent decrease from January 2025 and a 1.2 per cent decrease compared to December 2025.
Onto the stats:
Vancouver West Real Estate Stats up to and including January 2026
HPI Price for Vancouver West
*Unfortunately HPI Price can’t be any more specific than Condo/Townhouse/House*
Average Sales Price for Vancouver West
Median Percentage of Original Price for Vancouver West
New Listings for Vancouver West
Total Inventory for Vancouver West
Total Sales for Vancouver West
Sales to Active Ratio for Vancouver West
Median Days on Market for Vancouver West
East Vancouver Real Estate Stats up to and including January 2026
HPI Price for East Vancouver
*Unfortunately HPI Price can’t be any more specific than Condo/Townhouse/House*
Average Sales Price for East Vancouver
Median Percentage of Original Price for East Vancouver
New Listings for East Vancouver
Total Inventory for East Vancouver
Total Sales for East Vancouver
Sales to Active Ratio for East Vancouver
Median Days on Market for East Vancouver
As always, if you have questions on a particular kind of property or neighbourhood, get in touch with me!
And if you’re thinking about selling your property, give me a call to chat about value, pricing strategy and the sale process. There are plenty of details to chat about – including timing, value, staging and your potential purchase – so don’t hesitate to contact me if you’d like to get started: kristi@realestatevancity.ca or 778-387-7371. The better you understand your current value and what Buyers may be looking for, the more successful your sale.