02/11/2026
January Market Stats
Last year’s market trends continued in January as home sales registered on the MLS® in Metro Vancouver were 28.5 % lower than last year, setting the year off to a quieter start.
The GVR reports that residential sales in the region totalled 1,107 in January 2026, a 28.7% decrease from the 1,552 sales recorded in January 2025. This was 30.9% below the 10-year seasonal average.
“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,” said Andrew Lis, GVR’s chief economist and vice-president, data analytics. “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.”
Overall, the market is still settling after a few years of big shifts. Sales remain quiet, but prices have held relatively steady and there’s more inventory to choose from. For both buyers and sellers, this points to a more balanced, slower-moving market where preparation and realistic expectations matter. As confidence gradually returns, opportunities are still out there for those ready to act when the timing feels right.
Thinking about making a move? Now could be the window you’ve been waiting for. Reach out with any questions!
