Metro Vancouver Market Update January 2026

Metro Vancouver Market Update – January 2026
New year, same housing market in Metro Vancouver

Home sales registered in the MLS in Metro Vancouver were 28.5 per cent lower than last year, setting the year off to a quieter start.

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

“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.” – Andrew Lis, GVR Chief Economist

There were 5,157 detached, attached and apartment properties newly listed for sale on the MLS in Metro Vancouver in January 2026. This represents a 7.3 per cent decrease compared to January 2025. This was 19.4 per cent above the 10-year seasonal average (4,318).

The total number of properties currently listed: 12,628 — a 9.9 per cent increase compared to January 2025. This is 38 per cent above the 10-year seasonal average.

Sales-to-active listings ratio for January 2026: 9.1 per cent overall (6.7% detached | 11.1% attached | 10.3% apartments).

MLS Home Price Index composite benchmark price: $1,101,900 (5.7% decrease over January 2025; 1.2% decrease vs December 2025).

Detached homes: 300 sales, benchmark price $1,850,800 (down 7.3% from Jan 2025).
Apartment homes: 554 sales, benchmark price $704,600 (down 5.9% from Jan 2025).