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

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the composite benchmark price in Greater Vancouver stands at $1,060,700, reflecting a year-over-year decrease of 10.7%. The market remains balanced, indicating stable conditions amid ongoing price adjustments.

Market Analysis

The Greater Vancouver real estate market continues to experience a downward trend in prices, with the composite benchmark price decreasing from $1,071,400 in January 2026 to $1,060,700 in February 2026. This decline is consistent with the year-over-year drop from $1,188,600 in February 2025, highlighting a significant shift in market dynamics. Despite the price reductions, the market is currently classified as balanced, suggesting that supply and demand are relatively equal, which may provide opportunities for both buyers and sellers.

Property Type Analysis

When examining property types, the benchmark price for detached homes is $1,342,100, while attached/townhouses and apartments are priced at $789,100 and $600,100, respectively. Each category reflects the broader market trend of price decreases, with detached homes maintaining the highest value, though all types are experiencing downward adjustments compared to previous periods.

Regional Highlights

Regional trends indicate that the overall market is stabilizing, despite the notable price declines. The balanced market condition suggests that while prices are lower, the number of active listings and buyer interest may be aligning, creating a more sustainable environment for transactions moving forward.

For Buyers

Buyers are encouraged to take advantage of the current balanced market conditions, as the decline in prices may present opportunities for negotiating better deals. It is advisable for buyers to conduct thorough research and consider their long-term goals when entering the market.

For Sellers

Sellers should be mindful of the ongoing price adjustments and the current market conditions. Pricing properties competitively and being flexible with negotiations may enhance the likelihood of a successful sale in this evolving market.