January 2026 Market Insights – Watch GVR January 2026 overview of housing market activity in Metro Vancouver.
Last year’s market trends continued in January as home sales registered on 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).
“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 fourth slowest in over two decades as well. 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.” — Economics and Data Analytics
* Areas covered by the Real Estate Board of Greater Vancouver include: Bowen Island, Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.
Sales-to-active listings ratio for January 2026
Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 % for a sustained period, while home prices often experience upward pressure when it surpasses 20% over several months. You can see more details on Greater Vancouver Realtors®.
6.7% – Buyer’s Market
11.1% – Buyer’s Market
10.3% – Buyer’s Market
Check our Market Statistics page to see detailed January 2026 market insights for Greater Vancouver & Fraser Valley, broken out by city and housing type (detached homes, condos, townhouses) . The movements in prices, sales, number of days a listing is on the market, and sales to active ratio by city will give you a real understanding of how the market is shifting neighborhood by neighborhood. This is really important: Greater Vancouver is made up of a lot of local markets, which can move very differently! For example, the market might be HOT in Maple Ridge and slow in Vancouver, or HOT for condos and slow for detached homes… and it is shifting all the time! Sometimes the shifts are small, other times they are very significant. We track movements across the entire region – contact us for further insights!
If you are interested in Real Estate in general, and want to get updates, check out our:
- Real Estate Blogs: we update content with news, trends, useful tips for buyers and sellers on a regular basis.
- Thinking of a home renovation? you might find business to help you here: Professionals & Contractors
If you plan on Buying a home:
- Work out how much your mortgage payments will be: Mortgage Calculator
- Calculate how much you will owe to ensure you have enough money to complete on your purchase: Property Transfer Tax Calculator
- How much you can really afford to spend on your new home: Affordability Calculator
- To see the Available Listings or Sold Prices in your favourite cities start your search on Search by City page
If you plan on Selling your home:
- Check first what our clients are looking for on Sell my house FAST page. Our clients are qualified and ready to write offers at the market price!
- Check the Listing Prices and the Sell Prices of similar properties in your neighbourhood on the Search by Map page.