New Year, New Market Update
Feb 03, 2026
“New Year, Familiar Market Conditions in Metro Vancouver”
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.
We understand that market statistics can sometimes feel too general, leaving you wondering, “How does this apply to me?” To address this, we’ve detailed the sales activity in Downtown Vancouver, East Van, and the Westside. Our goal is to help you gain a clearer understanding of the real estate trends directly affecting your neighbourhood.
Downtown Vancouver:
- Market Type: Buyers Market at 9% Sales Ratio average (9 in 100 homes selling rate)
- Housing Prices: Homes are selling on average 5% below list price
- Most Active Price Band: Homes between $600,000 – $800,000 with average 18% Sales Ratio (Balanced market)
- Opportunity for Buyers: Homes minimum $1.75M to $2M in Coal Harbour, Yaletown and minimum 2 bedroom properties
- Opportunity for Sellers: Selling homes in Downtown, West End and up to 1 bedroom properties
Vancouver Westside:
Detached Housing
- Market Type: Buyers Market at 5% Sales Ratio average (5 in 100 homes selling rate)
- Housing Prices: Homes are selling on average 10% below list price
- Most Active Price Band: Homes between $2.75M – $3M with average 18% Sales Ratio (Balanced Market)
- Opportunity for Buyers: Homes between $4.5M – $5M, South Granville minimum 7 bedroom properties
- Opportunity for Sellers: Selling homes in SW Marine and 3 to 4 bedroom properties
Attached Housing
- Market Type: Balanced Market at 10% Sales Ratio average (1 in 10 homes selling rate)
- Housing Prices: Homes are selling on average 5% below list price
- Most Active Price Band: Homes between $400,000 – $500,000 with average 29% sales ratio (Sellers market)
- Opportunity for Buyers: Homes between $1.75M – $2M, Kerrisdale, Oakridge, South Cambie and minimum 2 bedroom properties
- Opportunity for Sellers: Selling homes in Fairview, Kitsilano, Shaughnessy and up to 1 bedroom properties
Vancouver Eastside:
Detached Housing
- Market Type: Balanced Market at 7% Sales Ratio average (7 in 100 homes selling rate)
- Housing Prices: Homes are selling on average 5% below list price
- Most Active Price Band: Homes between $1.5M – $1.75M with average 16% Sales Ratio (Balanced Market)
- Opportunity for Buyers: Homes between $2,5M – $2.75M, Collingwood, Fraserview, Knight and Renfrew Heights
- Opportunity for Sellers: Selling homes in Fraser and 3 to 4 bedroom properties
Attached Housing
- Market Type: Sellers Market at 12% Sales Ratio average (1.2 in 10 homes selling rate)
- Housing Prices: Homes are selling on average 2% below list price
- Most Active Price Band: Homes between $600,000 – $700,000 with average 17% Sales Ratio (Balanced Market)
- Opportunity for Buyers: Homes between $800,000 to $900,000, Grandview Woodland, Killarney, South Marine and minimum 3 bedrooms
- Opportunity for Sellers: Selling homes in Knight, Main and 2 bedrooms
Get in touch with us today to better understand your unique situation and get honest advice on how your home fits within the overall picture. It’s important to ensure you’re getting the right advice with your best interests at heart.
Let’s chat over a complimentary coffee and see how we can help with any questions you may have!
This report data was captured on February 1, 2026 from the Real Estate Board of Greater Vancouver MLS®. Refer to our YTD reports for sustained periods of the Sales Ratio %. The accuracy and completeness of the information is not guaranteed. In providing this information SnapStats® or Resident Experts do not assume any responsibility or liability.
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