Downtown Vancouver Condo Market Statistics

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 Greater Vancouver Realtors (The Real Estate Board) 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 (1,602).     

“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.”     

“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,” Lis said. “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’ll be watching the market closely for signs of improvement.”     

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

Focusing on the Downtown Vancouver condo market in January 2026, the number of sales are significantly down.  

The under $900,000 market is selling at 13%, 50 out of 380 homes are selling, down 10% from last month. 

The $900,000 to $1,000,000 market is selling at 8%, 5 out of 62 homes are selling, down 10% from last month. 

The $1,000,000 to $1,250,000 market is selling at 7%, 5 out of 74 homes are selling, down 11% from last month. 

The $1,250,000 to $2,000,000 market is selling at 4%, 7 out of 160 homes are selling, down 1% from last month. 

The $2,000,000 to $2,500,000 market is selling at 6%, 4 out of 62 homes are selling, down 5% from last month. 

The $2,500,000 to $3,000,000 market is selling at 6%, 2 out of 33 homes are selling, down 5% from last month. 

The $3,000,000 to $5,000,000 market is selling at 0%, 0 out of 42 homes are selling, down 6% from last month.

The $5,000,000 plus market is selling at 0%, 0 out of 28 homes are selling, same as last month.

Total unit sales in Downtown Vancouver were down 37% from last month and down 30% from January 2025. 

Those who are priced correctly for this market are selling on average at a rate of 39 days which is 19% slower than last month.

The median price increased 8% from last month, but the median price has decreased 6% from January 2025. 

The average price per square foot decreased from $974 in December to $895 in January.

Our Downtown Vancouver inventory increased by 8% from last month with 822 active listings which is down 14% from January 2025.  

The sellers’ best bets are 1 bedroom condos in Downtown and the West End. And the buyers’ best bets are units priced from $1.75 million to $2 million in Coal Harbour. 

I hope you find this helpful, but should you have any questions please don’t hesitate to ask.

My best,

Ian 

      Monthly Market Statistics Report