Vancouver Real Estate Market – January 2026

Real Estate Market Report | Vancouver | January 2026

Rising Inventory Deepens the Correction

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So what's happening in the Vancouver real estate market as of January 2026?

December conditions weakened further across Vancouver. New listings rose 16% versus the five year December average, while sales declined 11%. Inventory increased 36%, pushing months of supply up 40%. The benchmark price settled at $1,114,800, with the Home Price Index at 318.9. Prices declined 3.75% month over month and 6.78% year over year. Market balance shifted firmly toward buyers, with rising supply and reduced urgency defining year end conditions.

Vancouver's Detached Homes

Detached homes showed mixed performance. New listings increased 15%, while sales declined 13%. Inventory rose 33%, pushing months of supply up 38%. The benchmark price reached $1,887,800. Prices increased 1.18% month over month, though remain down 3.57% year over year. Short term firmness reflects limited buyer activity rather than renewed momentum, with annual declines underscoring affordability constraints.

Vancouver's Condomimums

Condominiums experienced the sharpest correction. New listings increased 13%, while sales declined 13%. Inventory expanded 36%, driving months of supply up 42%. The benchmark price fell to $710,000. Prices declined 9.02% month over month and 11.02% year over year. Investor pullback and financing sensitivity continue to weigh heavily on this segment, increasing pressure on sellers.

Vancouver's Attached Homes

Attached properties saw significant supply expansion. New listings rose 25%, while sales declined 3%. Inventory surged 60%, pushing months of supply up 52%. The benchmark price registered at $1,056,600. Prices declined 1.69% month over month and 4.31% year over year. Buyer leverage improved meaningfully, with pricing and terms increasingly dictated by competition among sellers.

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