Major Vancouver Market SHIFT | February 2026 Update

Oleg Galyuk - Vancouver Real Estate Agent February 8, 2026
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Vancouver Real Estate Has Entered a NEW Phase | January 2026 Market Update The Vancouver real estate market has entered a new phase — and this is not just a temporary slowdown. Even the Greater Vancouver Real Estate Board is now calling the current market a “new normal”, something they rarely do. In this January 2026 Metro Vancouver real estate market update, I break down the latest sales, inventory, pricing, and rental data using custom graphs to show what’s really happening beneath the surface. 📊 January 2026 Metro Vancouver Highlights: Home sales down nearly 29% year-over-year Sales 31% below the 10-year seasonal average Active listings up 38% above the 10-year average Nearly 11 months of inventory Detached prices down ~$150,000 Townhouse prices down ~$100,000 Condo prices stagnating near 2018 levels Vancouver rents down 7.5% year-over-year This video breaks down: Why January 2026 is one of the weakest markets in over a decade How rising inventory and falling sales are reshaping the market Why condos are breaking the “10-year rule” many buyers rely on What falling rents mean for investors and landlords Why the Bank of Canada holding rates may prolong this market phase What buyers and sellers need to understand in this new market reality This isn’t a crash — but it’s also not a normal cycle. The rules are changing, and understanding these shifts is critical if you’re buying, selling, or investing in Vancouver real estate in 2026. Get in touch: BOOK AN APPOINTMENT: https://calendly.com/olegrealestate/30min Email: [email protected] Website: https://www.myvancouverproperty.ca Royal Pacific Realty 📌 Download my FREE First-Time Home Buyer Guide: https://myvancouverproperty.ca/guide RELATED VIDEOS: ▶️ Vancouver Developers Are on Life Support - Near ZERO New Home Sales → https://youtu.be/3ZnSlLki6DM ▶️ The Downfall of Downtown Vancouver: Why Buyers Are Walking Away → https://youtu.be/4YQT-00OKno ▶️ INSANE Losses: Vancouver Buyers Are Losing $300,000+ on New Condos → https://youtu.be/P3iAIStvv5I ▶️ Vancouver Luxury Market Collapse: How Millionaires are going broke → https://youtu.be/XwUqXmOEdyo?si=csIB3NcxE1PTt7uG #vancouverrealestate #vancouverhousing #realestatenews #vancouvercondos #realestateinvestingcanada #housingmarket condomarket #vancouverhousingcrisis #vancouvercondos #canada

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