The Greater Vancouver Realtors’ monthly report showed continued caution in the housing market, with home sales in January 2026 falling 28.5% compared with the previous year and sitting 30.9% below the 10-year seasonal average.
Andrew Lis, the association’s chief economist, explained that this decline reflects a gradual shift toward a new normal following one of the lowest total sales volumes in more than two decades, alongside clearly slower market growth.
On the supply side, the total number of properties listed for sale rose 9.9% year over year and stood 38% above the 10-year seasonal average, indicating an abundance of supply relative to demand.
In terms of prices, detached homes in Ladner recorded an average price of $1,303,300, down 6.5% year over year, while Tsawwassen reached $1,550,600, a 3.4% annual decline.
For townhouses, benchmark prices in Ladner and Tsawwassen were $966,000 and $908,100, respectively, down 7–8% compared with the previous year. In the condominium segment, prices reached $685,300 in Ladner and $658,700 in Tsawwassen, reflecting annual declines of 2–4%.
The report indicates that the Greater Vancouver market is in a transitional phase, balancing weaker sales with ample inventory, while prices show signs of stabilizing at levels lower than last year.
