Vancouver CMA Housing Starts: The Supply Surge in a Softening Market
The January 2026 data is a wake-up call for the Lower Mainland. While national housing momentum is slowing, the Vancouver CMA just posted a 33% year-over-year surge in housing starts.
January 2026 Starts: 2,749 units (Up from 2,065 in Jan '25).
The 5-Year Floor: After 2025 ended as a "correction year" with 27,185 total starts, January has reignited the supply pipeline at an accelerated pace.
What This Means for the Softening Market: Vancouver entered 2026 with sales down nearly 29% and inventory levels sitting 38% above the long-term average. This massive 33% jump in new starts is hitting the market exactly when buyer leverage is at a decade-high.
With more supply breaking ground and benchmark prices already down 5.7% year-over-year, we are seeing a fundamental shift. For buyers, this means more choice and less competition. For sellers and developers, it means pricing is now the only lever left to pull to move inventory in a crowded field.
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