Greater Vancouver REALTORS (HPI) Market Report - February 2026

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the composite benchmark price for Greater Vancouver real estate is $1,282,000, reflecting an 8.0% decrease from February 2025. The market is currently balanced, indicating stable conditions for both buyers and sellers.

Market Analysis

The Greater Vancouver real estate market continues to show signs of adjustment, with the composite benchmark price decreasing from $1,291,800 in January 2026 to $1,282,000 in February 2026. This decline of 8.0% year-over-year from $1,392,700 in February 2025 suggests a shift in buyer sentiment and market dynamics. Despite the absence of sales and listing data for the current month, the balanced market condition indicates that supply and demand are relatively aligned, allowing for a more stable environment compared to previous periods of volatility.

Property Type Analysis

When examining property types, the benchmark price for detached homes stands at $1,648,700, while attached/townhouse properties are priced at $703,300, and apartments at $544,000. The significant price differentiation among these categories reflects varying buyer preferences and market segments, with detached homes continuing to command the highest prices, despite the overall market decline.

Regional Highlights

Regional trends indicate that the Greater Vancouver area is experiencing a period of stabilization, with the current benchmark prices suggesting a recalibration of market expectations. As the market adjusts, potential buyers may find opportunities in different property types, particularly in the attached and apartment segments, which may offer more affordability compared to detached homes.

For Buyers

For buyers, this balanced market presents an opportunity to negotiate more favorable terms. With prices showing a year-over-year decline, prospective homeowners should consider exploring various property types and be prepared to act when suitable listings arise.

For Sellers

Sellers are advised to remain realistic about pricing in the current market environment. With the benchmark price showing a decline, it is essential to set competitive prices and be flexible in negotiations to attract potential buyers.