Real estate activity in Vancouver experienced a slower start this year, with residential sales totaling 1,107 last month, marking a 28.7% decline from January 2025. According to Greater Vancouver Realtors, the number of properties changing hands was also 30.9% below the 10-year seasonal average.
The composite benchmark price for all residential properties stood at $1,101,900, reflecting a 5.7% decrease from the previous year and a 1.2% drop from December.
Chief economist Andrew Lis from the board noted that while the January data may seem concerning, the subdued beginning to 2026 is not unexpected following a year that closed with one of the lowest sales figures in over two decades.
New listings on the market totaled 5,157 last month, down by 7.3% compared to the previous year but 19.4% higher than the 10-year average. Total inventory saw a year-over-year increase of 9.9%, reaching 12,628 properties, which exceeded the long-term average by 38%.