Vancouver Island Real Estate Market — January 2026

If You're Buying

The January 2026 market is a buyer's market with an S/A ratio of 8% — below the 12% threshold. Inventory is elevated across the island, which gives buyers meaningful leverage. You can reasonably expect sellers to accept inspection and financing subjects, and price negotiations are more likely to succeed. Well-priced properties still move, but overpriced listings are sitting. Take your time, but don't low-ball properties that are already fairly priced.

If You're Selling

In this buyer's market, pricing strategy is everything. Overpriced listings are accumulating days on market — a listing that sits for 30+ days loses credibility. Price accurately from day one, present the property well, and accept that buyers will ask for conditions and possibly a price reduction. Realistic pricing leads to faster, cleaner sales.