Greater Vancouver REALTORS Market Report: February 2026 Shows 7.7% Year-Over-Year Price Decline

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the composite benchmark price for Greater Vancouver real estate is $1,013,000, reflecting a 7.7% decrease from $1,097,800 in February 2025. The market remains balanced, indicating a stable environment for both buyers and sellers.

Market Analysis

The Greater Vancouver real estate market is currently experiencing a balanced condition, characterized by a composite benchmark price of $1,013,000. This marks a slight decline from January 2026's benchmark of $1,016,100, suggesting that while prices are stabilizing, they are still trending downward on a year-over-year basis. The 7.7% decrease in the composite benchmark price compared to February 2025 indicates a continued adjustment in the market, as buyers and sellers navigate the current economic landscape.

Property Type Analysis

When examining property types, the detached homes have a benchmark price of $1,988,400, while attached/townhouses and apartments are priced at $967,200 and $768,500, respectively. The significant price difference between detached homes and other property types highlights the ongoing demand for single-family residences, despite the overall market decline. This trend suggests that buyers may still prioritize larger living spaces, particularly in suburban areas, while also considering more affordable options in the attached and apartment categories.

Regional Highlights

Regionally, the Greater Vancouver area continues to see diverse trends across its various neighborhoods. While some areas are experiencing more significant price adjustments, others are maintaining relative stability, indicating localized demand and supply dynamics. This variance emphasizes the importance of understanding specific neighborhood markets when making real estate decisions.

For Buyers

For buyers, the current balanced market presents an opportunity to negotiate better terms and prices. With a year-over-year price decline, prospective homeowners may find favorable conditions to enter the market, particularly in the attached and apartment sectors where prices are more accessible.

For Sellers

Sellers are advised to remain realistic about pricing, given the current market conditions. With a notable year-over-year price decline, it is crucial to set competitive prices to attract buyers while being prepared for potential negotiations. Highlighting unique property features and ensuring homes are well-presented can also help in achieving a successful sale.