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 $1,158,000, reflecting a 3.6% decrease from the previous year. The market recorded a total of 4 sales, with 7 new listings and 25 active listings available.

Market Analysis

The Greater Vancouver real estate market remains in a buyer's condition as inventory levels stabilize. With 25 active listings and 4 sales this month, the months of inventory stands at 6.3, indicating that buyers have a variety of options to choose from. The sales-to-new-listings ratio (SNLR) of 57.1% suggests a moderate level of demand, though the small number of sales makes it difficult to draw significant conclusions about market trends.

Property Type Analysis

The benchmark price for detached properties is $1,369,500, while attached/townhouse properties are priced at $1,112,000, and apartments at $778,200. Due to the limited number of sales this month, specific sales data for each property type is not available, but the overall market dynamics indicate a preference for more affordable housing options amidst rising inventory levels.

Regional Highlights

The overall market continues to experience downward pressure on prices, with the composite benchmark price down from $1,164,400 in July. Compared to August 2025, when the benchmark was $1,201,700, the current price reflects ongoing adjustments in the market as buyers navigate through a higher inventory landscape.

For Buyers

For buyers, this is an opportune time to explore the market with a variety of options available. With a higher months of inventory, buyers can take their time to assess properties and negotiate terms without the urgency often seen in more competitive markets.

For Sellers

Sellers should be mindful of the current market conditions and the importance of pricing their properties competitively. With a modest number of sales and a higher inventory, presenting a well-maintained home and being flexible with pricing can help attract potential buyers.