{"id":1783,"date":"2026-02-11T09:51:28","date_gmt":"2026-02-11T17:51:28","guid":{"rendered":"https:\/\/www.ownre.ca\/blog\/?p=1783"},"modified":"2026-02-11T09:52:36","modified_gmt":"2026-02-11T17:52:36","slug":"new-year-same-housing-market-in-metro-vancouver","status":"publish","type":"post","link":"https:\/\/www.ownre.ca\/blog\/new-year-same-housing-market-in-metro-vancouver\/","title":{"rendered":"New Year, Same Housing Market in Metro Vancouver"},"content":{"rendered":"\n\n\n
Last year\u2019s market trends continued in January as home sales registered on the MLS\u00ae in Metro Vancouver\u00a0were 28.5 percent lower than last year, setting the year off to a quieter start.<\/p>\n

The Greater Vancouver REALTORS\u00ae (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 percent below the 10-year seasonal average (1,602).<\/p>\n

On their own, the January sales appear alarming, but it\u2019s 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\u2019s 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.<\/p>\n

There were 5,157 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service\u00ae (MLS\u00ae) in Metro Vancouver in January 2026. This represents a 7.3 percent decrease compared to the 5,566 properties listed in January 2025. This was 19.4 percent above the 10-year seasonal average (4,318).<\/p>\n

The total number of properties currently listed for sale on the MLS\u00ae system in Metro Vancouver is 12,628, a 9.9 per cent increase compared to January 2025 (11,494). This is 38 percent above the 10-year seasonal average (9,153).<\/p>\n

Across all detached, attached and apartment property types, the sales-to-active listings ratio for January 2026 is 9.1 percent. By property type, the ratio is 6.7 percent for detached homes, 11.1 percent for attached, and 10.3 percent for apartments.<\/p>\n

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 percent for a sustained period, while home prices often experience upward pressure when it surpasses 20 percent over several months.<\/p>\n

Our recent 2026 forecast suggests this year is likely to resemble 2025 on many fronts, and we expect sales to remain tepid. When paired with sellers remaining eager to list, inventory will likely remain elevated relative to historical averages and, as a result, we expect prices to finish the year relatively unchanged. As consumers adjust to the ongoing backdrop of political and economic uncertainty, we expect a degree of pent-up demand to re-enter the market at some point. Whether it will happen in 2026 remains an open question, and we\u2019ll be watching the market closely for signs of improvement.<\/p>\n

The MLS\u00ae Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,101,900. This represents a 5.7 percent decrease over January 2025 and a 1.2 percent decrease compared to December 2025.<\/p>\n

Sales of detached homes in January 2026 reached 300, a 21.1 per cent decrease from the 380 detached sales recorded in January 2025. The benchmark price for a detached home is $1,850,800. This represents a 7.3 percent decrease from January 2025 and a 1.5 percent decrease compared to December 2025.<\/p>\n

Sales of apartment homes reached 554 in January 2026, a 34.5 percent decrease compared to the 846 sales in January 2025. The benchmark price of an apartment home is $704,600. This represents a 5.9 percent decrease from January 2025 and a 0.8 percent decrease compared to December 2025.<\/p>\n

Attached home sales in January 2026 totalled 246, a 23.4 percent decrease compared to the 321 sales in January 2025. The benchmark price of a townhouse is $1,043,400. This represents a 5.4 percent decrease from January 2025 and a 1.2 percent decrease compared to December 2025.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Last year\u2019s market trends continued in January as home sales registered on the MLS\u00ae in Metro Vancouver\u00a0were 28.5 percent lower than last year, setting the year …<\/p>\n","protected":false},"author":2,"featured_media":1784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[73,85,84,83,82,81,80,79,78,77,76,75,74,32,72,71,70,69,68,67,66,65,64,63,35],"class_list":["post-1783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","tag-top-port-coquitlam-realtor","tag-top-realtors-port-coquitlam","tag-central-port-coquitlam-homes-for-sale","tag-mary-hill-homes-for-sale","tag-citadel-heights-homes-for-sale","tag-port-coquitlam-homes-for-sale","tag-central-port-coquitlam-real-estate-agent","tag-mary-hill-real-estate-agent","tag-citadel-heights-real-estate-agent","tag-port-coquitlam-real-estate-agent","tag-top-central-port-coquitlam-realtor","tag-top-mary-hill-realtor","tag-top-citadel-heights-realtor","tag-port-coquitlam-realtor","tag-realtor-central-port-coquitlam","tag-realtor-mary-hill","tag-realtor-citadel-heights","tag-realtor-port-coquitlam","tag-central-port-coquitlam-realtors","tag-mary-hill-realtors","tag-citadel-heights-realtors","tag-port-coquitlam-realtors","tag-central-port-coquitlam-realtor","tag-mary-hill-realtor","tag-citadel-heights-realtor"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.ownre.ca\/blog\/wp-json\/wp\/v2\/posts\/1783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ownre.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ownre.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ownre.ca\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ownre.ca\/blog\/wp-json\/wp\/v2\/comments?post=1783"}],"version-history":[{"count":2,"href":"https:\/\/www.ownre.ca\/blog\/wp-json\/wp\/v2\/posts\/1783\/revisions"}],"predecessor-version":[{"id":1786,"href":"https:\/\/www.ownre.ca\/blog\/wp-json\/wp\/v2\/posts\/1783\/revisions\/1786"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ownre.ca\/blog\/wp-json\/wp\/v2\/media\/1784"}],"wp:attachment":[{"href":"https:\/\/www.ownre.ca\/blog\/wp-json\/wp\/v2\/media?parent=1783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ownre.ca\/blog\/wp-json\/wp\/v2\/categories?post=1783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ownre.ca\/blog\/wp-json\/wp\/v2\/tags?post=1783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}