Squamish Real Estate - January Market Stats

I’m not going to sugar coat it — January sales in the Squamish real estate market were bleak.

We saw just 11 total sales, including only one detached home sale, which is often the most in-demand segment for Squamish homes for sale. For a market that usually sees steady movement in single-family homes, that’s a noticeable slowdown.

But before jumping to conclusions, let’s break down what’s really happening in the Squamish housing market.

January Sales Snapshot

Overall Market

• Total Inventory: 180 (+5% year over year)
• New Listings: 84 (0% change)
• Sales: 11 (-59%)
• HPI Benchmark Price: $1,122,200 (+5%)
• Sales to Active Ratio: 6%

Detached Homes

• Total Inventory: 71 (+11%)
• New Listings: 25 (+8%)
• Sales: 11 (-75%)
• HPI Benchmark Price: $1,738,400 (+11%)
• Sales to Active Ratio: 1%

Townhomes

• Total Inventory: 41 (+11%)
• New Listings: 24 (+9%)
• Sales: 4 (-55%)
• HPI Benchmark Price: $1,005,100 (+1%)
• Sales to Active Ratio: 10%

Condos

• Total Inventory: 60 (-3%)
• New Listings: 29 (-12%)
• Sales: 4 (-66%)
• HPI Benchmark Price: $563,200 (-6%)
• Sales to Active Ratio: 7%

Looking at these numbers, it’s easy to think that we’re trending downward. That said, Squamish is still a relatively small town. Our real estate statistics can swing month-to-month due to lower inventory volumes. A handful of sales can dramatically change the numbers, so context matters when analyzing the Squamish real estate market.

It’s also important to note that the spike in new listings was partially influenced by the refreshing and re-listing of prior listings, not purely new inventory entering the market.

The Bright Side: Here’s where I remain optimistic.

Steady Rates

The Bank of Canada held interest rates steady in January and is widely expected to do the same at the next rate announcement in March.

Stable rates bring predictability, giving an added layer of comfort when considering such a big purchase.

Improved affordability

Canada has just experienced the longest streak of improved housing affordability ever recorded. For buyers considering moving to Squamish BC, this is meaningful.

Improving affordability + a buyer’s market = opportunity.

Deals to be had

And speaking of opportunity, if you’ve been watching the market in Squamish, you should have seen that there are deals to be found, especially in the condo market and specifically at Redbridge.

There are many units currently available — including assignments and exclusives not listed on MLS. If you’re curious about off-market opportunities in Squamish, this could be a great opportunity to jump on.

Squamish Property Values Still on the Rise

Despite slower sales volume, here’s something important:

Squamish was one of only four cities in BC where assessed home values increased in 2025

This tells me that long term demand remains strong. Squamish is a place where people move because of lifestyle.

What This Means for Buyers & Sellers

If You’re Buying a Home in Squamish:

• You have leverage.
• Inventory is improving.
• Sellers are negotiable.
• Affordability is trending in your favour.

If You’re Selling in Squamish:

• Pricing strategy matters more than ever.
• Preparation and marketing are key in a buyer’s market.
• The Spring market is around the corner, which is often where we see an uptick in activity

January wasn’t flashy. But markets move in cycles, and we can already see that things have picked up in February. If you’re considering making a move this Spring, now is the time to get your ducks in a row!

And if you’re curious about opportunities at Redbridge or other off-market properties — reach out. Coffee on me!

Sources:

https://www.nbc.ca/content/dam/bnc/taux-analyses/analyse-eco/logement/housing-affordability.pdf

https://info.bcassessment.ca/news/Pages/Lower-Mainland-2026-Property-Assessments-Announced.aspx

https://statscentre.gvrealtors.ca/stats/market