Greater Vancouver REALTORS (HPI) Market Report - February 2026

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the composite benchmark price for Greater Vancouver's real estate market is $796,000, reflecting an 8.6% decrease from the previous year. The market remains balanced as supply and demand dynamics stabilize.

Market Analysis

The Greater Vancouver real estate market continues to experience a balanced condition, with the composite benchmark price decreasing from $806,400 in January 2026 to $796,000 in February 2026. This decline represents a significant year-over-year drop of 8.6% from February 2025's benchmark price of $870,900. The current market conditions suggest that buyers and sellers are finding common ground, leading to a stabilization in prices despite the overall downward trend over the past year.

Property Type Analysis

When examining property types, the detached homes have a benchmark price of $1,867,200, while attached/townhouses are priced at $1,061,800, and apartments at $762,600. The significant price differences among these categories indicate varying levels of demand and buyer preferences, with apartments remaining the most affordable option in the current market landscape.

Regional Highlights

Regional trends indicate that while the overall market is balanced, specific areas may exhibit differing levels of activity. Factors such as local amenities, school districts, and transportation access continue to influence buyer interest and pricing across various neighborhoods in Greater Vancouver.

For Buyers

Potential buyers are encouraged to conduct thorough research and consider their long-term needs when entering the market. With prices stabilizing, now may be an opportune time for buyers to explore options, especially in the more affordable apartment segment.

For Sellers

Sellers should remain realistic about pricing in the current market environment. Given the year-over-year decline in benchmark prices, it is essential to price properties competitively to attract buyers while being mindful of the overall market conditions.