Greater Vancouver REALTORS (HPI) Market Report for February 2026: Composite Benchmark Price at $697,200

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the composite benchmark price for Greater Vancouver is $697,200, reflecting a year-over-year decrease of 7.8%. The market is currently balanced, indicating a stable environment for both buyers and sellers.

Market Analysis

The Greater Vancouver real estate market continues to exhibit balanced conditions as of February 2026. The composite benchmark price has decreased from $724,800 in January 2026 and from $756,400 in February 2025, highlighting a downward trend in pricing over the past year. This decline in prices may be attributed to a combination of factors including changing buyer sentiment and economic conditions affecting purchasing power.

Property Type Analysis

When examining property types, the benchmark price for detached homes stands at $1,990,000, while attached/townhouses are priced at $819,900, and apartments at $568,300. The significant price difference among these categories reflects the varying levels of demand and supply dynamics within the market, with detached homes continuing to command the highest prices.

Regional Highlights

Regional trends indicate that the overall market remains stable despite the price declines. Various neighborhoods may experience differing levels of activity, with some areas showing resilience while others adjust to the current economic climate. Buyers and sellers should remain informed about local market conditions as they can vary significantly across the Greater Vancouver region.

For Buyers

For potential buyers, this balanced market presents an opportunity to negotiate and explore various property types without the pressure of a highly competitive environment. Buyers are encouraged to conduct thorough research and consider their long-term needs when making purchasing decisions.

For Sellers

Sellers should be aware of the current market conditions and price their properties competitively to attract interest. Given the year-over-year price decline, it is advisable for sellers to work closely with their REALTORS to develop strategic marketing plans that highlight the unique features of their homes.