January 2026 Market Update - Has Vancouver Hit Bottom??

from Patti Martin Team - Vancouver Real Estate Podcast · host Adam Wachtel PREC*

January 2026 Metro Vancouver Real Estate Market UpdateJanuary 2026 kicked off with a quiet start for the Metro Vancouver real estate market, continuing many of the same trends we saw throughout 2025. According to the latest Greater Vancouver REALTORS® (GVR) housing market update, home sales were down nearly 29% year-over-year, making this one of the slowest Januarys in over two decades.In this video, we break down:Why sales are well below the 10-year averageWhat rising inventory levels mean for buyers and sellersHow the sales-to-active listings ratio (9.1%) is putting downward pressure on pricesWhat’s happening with detached homes, condos, and townhousesWhy prices are drifting lower and what that signals for the rest of 2026Despite elevated inventory and softer prices, economists suggest the market may be settling into a “new normal,” with pent-up demand potentially returning once economic and political uncertainty eases.📊 January 2026 Market SnapshotTotal Sales: 1,107 (⬇️ 28.7% YoY)Active Listings: 12,628 (⬆️ 9.9% YoY)Benchmark Price (All Homes): $1,101,900 (⬇️ 5.7% YoY)Sales-to-Active Listings Ratio: 9.1%Whether you’re a buyer, seller, or investor, this update gives you the context you need to understand where the Vancouver housing market is heading in 2026.🔔 Subscribe for weekly Metro Vancouver real estate updates📩 Reach out if you want a neighborhood-specific breakdown or strategy