Greater Vancouver REALTORS (HPI) Market Report - August 2026

Greater Vancouver REALTORS (HPI) — August 2026

In August 2026, the Greater Vancouver real estate market sees a composite benchmark price of $1,214,300, reflecting a year-over-year decrease of 5.4%. Total sales for the month are recorded at 5, with new listings at 7 and active listings totaling 20.

Market Analysis

The Greater Vancouver real estate market is currently in a balanced condition, with a months of inventory (MOI) at 4.0. This indicates a stable supply relative to demand, as the sales-to-new-listings ratio (SNLR) stands at 71.4%. Compared to July 2026, where the MOI was significantly higher at 7.3, the market shows signs of tightening, albeit with a small sample size of only 5 sales this month, making broader trends difficult to ascertain.

Property Type Analysis

In August, the benchmark price for detached homes is $1,344,000, while attached/townhouse properties are priced at $793,200. Sales data for these property types is not available this month, highlighting the limited activity in the market. The absence of sales figures for apartments further emphasizes the small sample size and the need for caution when interpreting trends in property types.

Regional Highlights

The Greater Vancouver area continues to experience fluctuations in market dynamics, with active listings slightly decreasing from 22 in July to 20 in August. This reduction in active inventory, coupled with a modest increase in sales from 3 in July to 5 in August, suggests a gradual uptick in buyer interest, although the overall activity remains low compared to historical norms.

For Buyers

Prospective buyers are advised to remain vigilant and act quickly when suitable properties become available, given the current balanced market conditions. With a limited number of new listings, buyers may find opportunities to negotiate favorable terms, especially in the detached and townhouse segments.

For Sellers

Sellers should consider pricing their homes competitively to attract potential buyers in a market that is showing signs of stability. With only 7 new listings this month, presenting a well-prepared property can help capture buyer interest in a balanced market.