Greater Vancouver REALTORS (HPI) Market Report for February 2026: Benchmark Price Declines 1.5% Year-Over-Year

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the composite benchmark price in Greater Vancouver stands at $892,100, reflecting a 1.5% decrease from $906,000 in February 2025. The market is currently balanced, indicating a stable environment for both buyers and sellers.

Market Analysis

The Greater Vancouver real estate market exhibits balanced conditions this month, with the composite benchmark price decreasing from $902,100 in January 2026 to $892,100 in February 2026. This decline of 1.5% year-over-year suggests a slight cooling in the market, which may be attributed to various economic factors and buyer sentiment. While specific sales and inventory data are not available, the current benchmark price indicates a moderate adjustment in property values.

Property Type Analysis

Breaking down the property types, the detached homes have a benchmark price of $1,612,600, while attached/townhouse properties are priced at $727,100, and apartments at $454,200. The differences in benchmark prices reflect the varying demand and supply dynamics across these segments, with detached homes continuing to command higher prices due to their desirability and limited availability.

Regional Highlights

Regional trends indicate that while the overall market is balanced, specific areas may experience varying levels of demand and pricing. As the market adjusts, it is essential for potential buyers and sellers to stay informed about local conditions that may impact their decisions.

For Buyers

For buyers, this is an opportune time to enter the market, especially with the current balanced conditions. It is advisable to conduct thorough research on specific neighborhoods and property types to identify opportunities that align with their budget and preferences.

For Sellers

Sellers should be aware of the slight decline in benchmark prices and consider pricing their properties competitively to attract potential buyers. Engaging with a knowledgeable REALTOR can provide valuable insights into current market conditions and help in formulating an effective marketing strategy.