Activity in the Vancouver real estate market got off to a slow start this year, as residential property sales in the region totaled 1,107 units last month, marking a decline of 28.7% compared to January 2025. According to the Greater Vancouver Realtors Association, the number of properties sold was 30.9% below the 10-year seasonal average.
The composite benchmark price for all residential properties reached $1,101,900, reflecting a 5.7% decrease compared to the same period last year and a 1.2% decline compared to December.
Andrew Lis, Chief Economist and Vice President of Data Analytics at the board, explained that the January data, despite signaling a degree of “concern,” was not unexpected. He noted that the subdued start to 2026 follows the close of last year, which recorded one of the lowest sales levels in more than two decades.
A total of 5,157 new listings were introduced to the market last month, representing a 7.3% decline compared to the same period last year, but standing 19.4% above the 10-year average. Meanwhile, total inventory rose 9.9% year-on-year to reach 12,628 units, which is 38% higher than the long-term average.
