Greater Vancouver REALTORS (HPI) Report: August 2026 Market Shows Continued Price Decline

Greater Vancouver REALTORS (HPI) — August 2026

In August 2026, the Greater Vancouver real estate market sees a composite benchmark price of $974,800, reflecting a year-over-year decrease of 6.9%. Total sales for the month stand at 97, with active listings at 752, resulting in a months of inventory (MOI) of 7.8.

Market Analysis

The Greater Vancouver real estate market continues to exhibit buyer-favorable conditions, with the months of inventory rising to 7.8, indicating a shift towards a more balanced market. This increase in inventory suggests that buyers have more options available, which may contribute to the ongoing price decline. Compared to July 2026, when the MOI was 7.0, the market is showing signs of slowing demand as the total sales decreased from 110 to 97 in August.

Property Type Analysis

When examining the property types, the benchmark price for detached homes stands at $1,887,800, while attached/townhouses are priced at $933,600, and apartments at $731,500. The overall trend indicates that while all property types are experiencing price adjustments, the most significant declines are observed in the detached segment, which typically commands higher prices and may be more sensitive to market fluctuations.

Regional Highlights

Regionally, the market shows a slight increase in active listings compared to August 2025, when there were 794 active listings. This increase in inventory, coupled with a decrease in the composite benchmark price from $1,071,800 last year to $974,800 this year, highlights the ongoing adjustments in the market as it responds to changing economic conditions and buyer sentiment.

For Buyers

For buyers, this may be an opportune time to enter the market, as the increased inventory provides a wider selection of properties. With prices trending downward, prospective buyers should consider conducting thorough research and possibly negotiating offers to secure favorable terms.

For Sellers

Sellers are advised to remain realistic about pricing, given the current market conditions. With a higher months of inventory and declining benchmark prices, it is crucial to price homes competitively to attract potential buyers and avoid extended time on the market.