WelcomeHomeYVR- Real Estate with Katharine Reynolds
📊 Greater Vancouver Market Update — January 2026
A Slow Start — But Not the Whole Story
Happy February!  I hope the start of 2026 is treating you well and you’re enjoying these last few sunny, brighter days before the rain comes back:)
I wanted to share a quick update on what we’re seeing in the Vancouver housing market after a quiet January — and why things may finally be shifting as we move into the spring season.Â
January Stats at a Glance
According to the latest report from Greater Vancouver REALTORS®:Residential sales in Metro Vancouver came in at 1,107 transactions in January, which was down 28.7% from January 2025 and roughly 31% below the 10-year seasonal average (1602). There were 5,157 new listings last month, below January 2025 but still well above the long-term average (4318). Active listings sat at about 12,628 homes, nearly 10% higher than last year and much higher than the typical seasonal norm (9153).These numbers help explain why the market felt quiet as the year began —
A Slow Start — But Not the Whole Story
January’s sales were certainly softer than what we’d expect historically, a continuation of the market’s trend from a quieter 2025…but rather than signalling ongoing weakness in the market I’m seeing signs of engagement returning:
- Late January and early February showed much more buyer activity — more showings, more inquiries, and many multiple offers reported on well-priced homes in the right neighbourhoods.  Sales for the first 5 days of February are near historical averages, and while that certainly doesn’t make a trend, it could be pointing to the return to a more balanced market.
- After a winter lull that saw people sit on the sidelines, we’re starting to feel that seasonal spring rhythm kick in. There is considerable pent up demand in the market after 3 slow years and conditions seem to have (for now) stabilized as far as the economy, interest rates, prices. etc. There’s a sense that the slower market of late may be behind us. Â
What This Means for You
Inventory remains elevated compared with past years, which still gives buyers more choice — and negotiating leverage — than we’ve seen in recent peaks. At the same time, prices aren’t dropping sharply, and sellers who price appropriately are seeing solid interest.  Economists are consistently estimating that prices in 2026 will stay within 2% (higher or lower) then where we currently sit, so the idea that prices will drop much further is not likely to happen, baring any major world events.
A recent BCREA study suggests that home prices could increase by as much as 27% by 2032, largely due to the current slowdown in non-rental housing construction starts. That may feel hard to imagine given the number of unsold units on the market today, but once that inventory is absorbed, there will be very little new supply coming online. And as we know—low inventory often leads to increased demand and upward pressure on prices.
To recap: The 2026 market appears to be settling into a healthier, more balanced phase for both buyers and sellers. Well-priced, good-quality homes are moving, and buyers can benefit from more predictable interest rates and healthier inventory levels.If you’re considering entering the market, it may be worth doing so sooner rather than later. As we move into spring, we typically see more buyers and sellers return, which naturally brings increased competition. While the market feels like it’s in a valley right now, history has shown that Vancouver real estate tends to rise over time.
As always, I’m happy to chat about what all of this means for your specific neighbourhood and property type. Understanding the numbers is key to making confident decisions in this market, and I’d love to help. 🤝
📞 Get in touch anytime: 604-831-3616
📧 Email: kr@welcomehomeyvr.com
Bank Of Canada Rate Cut Updateđź“Š
Bank of Canada Rate Update – Feb 2026The Bank of Canada kept its key interest rate at 2.25% in late January, holding steady after earlier cuts. 📉 Inflation is trending closer to target, and the economy shows mixed signals, with job losses but a lower unemployment rate.  For now, borrowing costs remain predictable, though the Bank will keep a close eye on the data.  The next update is expected in March 2026.
🏡 What it means for Vancouver real estate: Stable rates give buyers and sellers a clearer picture, helping homeowners plan their next move.
Staging and Design Consultations
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It’s never been more important to present your home well!
First impressions are everything— if a potential buyer doesn’t feel a connection the moment they walk in, they’re likely to move on to the next property. 👀. This is where I can help. With my extensive background in design, I can assist with staging, decluttering, and highlighting your home’s best features so it feels warm, inviting, and memorable. ✨The great news? This service is included free of charge for all my clients!  It’s just one of the ways I help sellers stand out in a competitive market and get the best possible results
Referrals ✨
I absolutely love helping people find their dream homes —and the best part? Seeing happy clients thrive in their new spaces!  Referrals are the heart of my business, and every person you send my way gets the upmost care, honesty, and guidance ❤️Who can you refer?Friends thinking of buying or selling 🏠Family ready to take the next step 🌿Colleagues curious about the market 💼Sharing is easy!  Connect us by email, text, or drop me a message. I’ll handle the rest!🙏 Thank you for trusting me with your referrals—they truly mean the world🌟
Wishing you a wonderful 2026!
Feel free to contact me, I’d love to help you find your new home!Â
Katharine Reynolds604-831-3616
kr@welcomehomeyvr.com
Copyright (C) 2026 welcomehomeyvr. All rights reserved.
My mailing address is: Â Oakwyn Realty
101-3151 Woodbine DriveNorth Vancouver BCV7R2S4
P. 604-831-3616 F. 604-620-7970