Greater Vancouver REALTORS (HPI) Market Report - February 2026

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the composite benchmark price in Greater Vancouver is $834,100, reflecting a year-over-year decrease of 7.1%. The market remains 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 declining from $837,500 in January 2026 to $834,100 in February 2026. This represents a significant decrease from $897,700 in February 2025, highlighting the ongoing trend of price corrections in the region. Despite these shifts, the market is currently classified as balanced, suggesting that supply and demand are relatively equal, which can provide opportunities for both buyers and sellers.

Property Type Analysis

In February 2026, the benchmark prices for different property types are as follows: detached homes at $1,611,800, attached/townhouses at $1,097,800, and apartments at $710,200. The data indicates that while all property types are experiencing price adjustments, detached homes remain the most expensive category, reflecting their continued desirability despite the overall market decline.

Regional Highlights

Regional trends indicate that the Greater Vancouver area is experiencing a shift in buyer preferences, with increased interest in more affordable attached and apartment options. As the market stabilizes, buyers may find more opportunities in these segments, which could lead to a gradual recovery in sales activity as consumer confidence returns.

For Buyers

Potential buyers are encouraged to take advantage of the current balanced market conditions. With prices showing a downward trend, this may be an opportune time to negotiate favorable terms and secure properties that meet their needs without the pressure of a highly competitive environment.

For Sellers

Sellers should remain realistic about pricing in the current market landscape. With a year-over-year decline in benchmark prices, it is advisable to set competitive prices and be prepared for longer selling periods. Highlighting unique property features and ensuring homes are well-presented can help attract potential buyers.