Greater Vancouver REALTORS (HPI) Market Report - August 2026

Greater Vancouver REALTORS (HPI) — August 2026

In August 2026, the Greater Vancouver real estate market sees a composite benchmark price of $1,252,700, reflecting a year-over-year decline of 6.1%. Total sales for the month are recorded at 4, with 12 new listings entering the market.

Market Analysis

The Greater Vancouver real estate market continues to exhibit buyer-favorable conditions, with a months of inventory (MOI) at 7.5. This indicates a significant supply relative to demand, as the active listings have increased to 30, up from 27 in July 2026. The sales-to-new-listings ratio (SNLR) stands at 33.3%, suggesting that while new listings are being added, the sales activity remains subdued, contributing to the overall buyer's market dynamics.

Property Type Analysis

The benchmark price for detached homes is reported at $1,938,100, while attached/townhouse properties are at $872,700, and apartments are priced at $734,100. With no sales recorded for any property type this month, it is challenging to assess trends within each category; however, the overall decline in benchmark prices suggests a cooling market across the board.

Regional Highlights

The current market conditions reflect a broader trend of increased inventory and reduced sales activity compared to the previous month, where 5 sales were recorded. The decline in the composite benchmark price from $1,280,200 in July 2026 further emphasizes the ongoing adjustment in the market, as buyers continue to navigate a landscape characterized by higher inventory levels.

For Buyers

For potential buyers, this may be an opportune time to enter the market, given the increased inventory and favorable pricing conditions. Buyers should consider exploring various neighborhoods and property types to find opportunities that align with their needs and budget.

For Sellers

Sellers should be mindful of the current market dynamics and the increased competition from active listings. Pricing properties competitively and ensuring they are well-presented can help attract buyers in a market where inventory levels are high.