Greater Vancouver REALTORS Market Report - February 2026: Buyers Gain Ground Amid Rising Inventory

Greater Vancouver REALTORS — February 2026

In February 2026, the Greater Vancouver real estate market shows a composite benchmark price of $1,100,300, reflecting a 6.8% decrease year-over-year. Total sales reached 1,648, while new listings surged to 4,734, resulting in 13,545 active listings and a months of inventory (MOI) of 8.2.

Market Analysis

The Greater Vancouver real estate market continues to exhibit buyer-favorable conditions as inventory levels rise significantly. With a sales-to-new-listings ratio (SNLR) of 34.8%, the market indicates a shift towards a more balanced environment, although total sales have decreased by 9.8% compared to the previous year. The increase in active listings, now at 13,545, provides buyers with a wider selection, contributing to the downward pressure on prices, which have seen a year-over-year decline of 6.8%.

Property Type Analysis

When examining property types, the detached homes segment has a benchmark price of $1,835,900, while attached/townhouses and apartments are priced at $1,046,100 and $708,200, respectively. The lack of sales data for these categories suggests a cautious approach among buyers, likely influenced by the overall market conditions and economic factors affecting purchasing power.

Regional Highlights

Regionally, the market dynamics vary, with some areas experiencing more significant price adjustments than others. The overall increase in new listings indicates that sellers are responding to the current market conditions, which may lead to further stabilization in prices as competition among listings increases.

For Buyers

For buyers, this is an opportune time to enter the market, given the increased inventory and declining prices. Prospective homeowners should take advantage of the wider selection of properties and negotiate terms that align with their financial goals, while remaining mindful of potential interest rate fluctuations.

For Sellers

Sellers are advised to be realistic about pricing their properties in the current market climate. With a growing number of active listings, it is crucial to present homes competitively to attract potential buyers, while also considering strategic marketing approaches to highlight unique property features.