Real estate activity in the Vancouver area got off to a slow start this year as residential sales in the region totalled 1,107 last month, down 28.7% from January 2025.

Greater Vancouver Realtors says the number of properties that changed hands was also 30.9% below the 10-year seasonal average.

The composite benchmark price for all residential properties was $1,101,900, down 5.7% from the same time last year and 1.2% lower than December.

The board’s chief economist and vice-president of data analytics Andrew Lis says that while the January data may “appear alarming,” the quiet pace to kick off 2026 is unsurprising after last year ended with one of the lowest sales totals in more than two decades.

There were 5,157 new listings on the market last month, down 7.3% from a year earlier but 19.4% above the 10-year average.

Total inventory grew 9.9% year-over-year to 12,628, which was 38% above the long-term average.

Written by:

The Canadian Press
Real Estate
February 3, 2026