Greater Vancouver REALTORS (HPI) March 2026 Report: Benchmark Price Sees Modest Monthly Gain, Annual Decline of 6.7%

Greater Vancouver REALTORS (HPI) — March 2026

The composite benchmark price for a residential property in Greater Vancouver stands at $1,218,900 in March 2026, according to figures released by Greater Vancouver REALTORS (HPI). This represents a 0.5% increase from February 2026's benchmark of $1,212,600, while marking a 6.7% decline compared to March 2025's benchmark of $1,307,000. The market is currently characterized as balanced.

Market Analysis

The Greater Vancouver housing market maintains a balanced condition in March 2026, reflecting an equilibrium between buyer and seller activity. The composite benchmark price for all residential properties shows a slight upward movement month-over-month, increasing by $6,300 from February 2026. This modest gain suggests some stability returning to pricing after previous fluctuations.

Despite the monthly uptick, the market continues to experience a year-over-year price adjustment. The composite benchmark price in March 2026 is 6.7% lower than the $1,307,000 recorded in March 2025. This annual decline indicates a broader trend of price moderation over the past year, providing a more accessible entry point for some buyers while requiring sellers to adjust their expectations.

Property Type Analysis

In March 2026, the benchmark price for a detached home in Greater Vancouver is $1,328,200, while attached/townhouse properties carry a benchmark price of $784,600. These figures, published by Greater Vancouver REALTORS (HPI), highlight the continued price differentiation across property types. Data for apartment properties is not available for this period.

Regional Highlights

Specific regional trends and highlights are not available for this report period. Greater Vancouver REALTORS (HPI) focuses on the overall market dynamics for the region.

For Buyers

In a balanced market, buyers have more time to conduct due diligence and explore options without the intense pressure of a seller's market. With the composite benchmark price showing a modest increase month-over-month but a notable year-over-year decline, buyers are advised to consult with a REALTOR® to understand specific property values and negotiate effectively. Understanding long-term market trends and individual property histories is crucial.

For Sellers

Sellers operating in a balanced market should set realistic pricing expectations, as properties may take longer to sell compared to more competitive conditions. Highlighting unique property features and ensuring homes are well-presented can attract serious buyers. Consulting with a REALTOR® to accurately price a property based on current market conditions and recent comparable sales is essential for a successful transaction.