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The new year has started with a clear shift in momentum across Metro Vancouver. January 2026 numbers show higher inventory, softer prices, and slower sales activity compared to last year.
If you are buying, selling, or investing, this is a market that rewards strategy and preparation. Below is a simple breakdown of what is happening and what it means for you.
See Full Stats
Detached Homes
- Sales: 302
- Active Listings: 4,694
- Benchmark Price: $1,850,800
- Average Days on Market: 61 days
- Year over Year Price Change: -7.3%
Townhomes
- Sales: 171
- Active Listings: 1,565
- Benchmark Price: $1,043,400
- Average Days on Market: 47 days
- Year over Year Price Change: -5.4%
Condos
- Sales: 556
- Active Listings: 5,299
- Benchmark Price: $704,600
- Average Days on Market: 49 days
- Year over Year Price Change: -5.9%
Sales-to-Active Listings Ratio
| Property Type | Sales-to-Active Ratio | Market Type |
|---|---|---|
| Detached | 6.4% | Buyer’s Market |
| Condos | 10.5% | Buyer’s Market |
| Townhomes | 10.9% | Buyer’s Market |
What This Means
- Buyers have more negotiating power.
- Sellers need strong pricing strategy.
- Conditions such as financing and inspection are more common.
- Multiple offer situations are less frequent than previous years.
Month-over-Month & Year-over-Year Trends
Month over Month Trends
Compared to December 2025:
- Detached benchmark price declined from $1,879,800 to $1,850,800
- Condo benchmark price declined from $710,000 to $704,600
- Townhome benchmark price declined from $1,056,600 to $1,043,400
- Sales dropped across all segments
Inventory ticked up in detached and townhomes, while condos remained relatively stable.
January clearly reflects slower winter activity combined with cautious buyer sentiment.
Year over Year Trends
Compared to January 2025:
- Detached prices are down 7.3%
- Condos are down 5.9%
- Townhomes are down 5.4%
- Sales are significantly lower across all property types
This marks a meaningful reset from the stronger conditions seen in early 2025.
Neighbourhood Highlights and Long Term Price Trends
Detached Highlights
- Vancouver West: $2,956,400 benchmark. Down 12.2% year over year
- Richmond: $1,991,600. Down 8.7%
- Burnaby South: $2,028,500. Down 9.4%
- Squamish: $1,738,400. Up 11.6%
- Whistler: $2,777,900. Up 12.5%
Luxury and resort driven markets like Whistler and Squamish are showing resilience.
Condo Highlights
- Vancouver West: $777,200
- Burnaby North: $699,900
- Richmond: $663,500
- Most major areas show moderate year over year declines between 4% and 9%
Townhome Highlights
- Vancouver West: $1,397,300
- Richmond: $1,033,100
- Coquitlam: $982,500
- Select areas like Squamish and Sunshine Coast posted small gains
Long Term Perspective
The 20 year benchmark chart on page 5 shows that despite short term corrections, prices across all property types remain significantly higher than 2010 and pre pandemic levels .
This reinforces an important point. Metro Vancouver real estate remains a long term growth market, even through cycles.
What this means for you
- You have more choice and negotiating room than in recent years
- Include subject conditions where appropriate
- Do not overpay based on outdated pricing expectations
- Focus on long term value and location quality
This is a strategic entry window for well prepared buyers.
- Pricing is critical. Overpricing will lead to extended days on market
- Presentation matters more in a buyer’s market
- Expect negotiation and build flexibility into your strategy
Homes that are priced right are still selling.
- Soft pricing creates acquisition opportunities
- Condo inventory levels allow better selection
- Focus on cash flow fundamentals and rental demand
Look beyond short term fluctuations and assess long term fundamentals.
Let’s Talk About Your Next Move
Whether you’re buying your first home, upsizing, downsizing, or investing, the current market offers both challenges and opportunities. We’re here to help you navigate with clarity and confidence.
Book a personalized consultation or request a free home evaluation today. Let’s find the strategy that works best for you.
Contact details
Sayed Najibi
Personal Real Estate Corporation
Phone: 604-649-6520
Website: www.sngroup.ca