Greater Vancouver REALTORS (HPI) Reports March 2026 Benchmark Price at $987,700, Up 3.2% from February, Down 6.4% Year-Over-Year

Greater Vancouver REALTORS (HPI) — March 2026

The composite benchmark price for all residential properties in Greater Vancouver reached $987,700 in March 2026, according to Greater Vancouver REALTORS (HPI). This represents a 3.2% increase from February 2026's benchmark of $956,900, though it is a 6.4% decrease compared to March 2025's $1,055,600. The market currently operates under balanced conditions.

Market Analysis

The March 2026 composite benchmark price of $987,700 marks a notable increase of 3.2% from the prior month's figure of $956,900. This upward movement suggests a strengthening in property values month-over-month, potentially indicating renewed buyer confidence or a shift in demand dynamics.

Despite the monthly gain, the benchmark price remains 6.4% lower than the $1,055,600 recorded in March 2025, indicating a longer-term adjustment in the market. Greater Vancouver REALTORS (HPI) reports the market as balanced, reflecting an equilibrium between buyers and sellers where neither side holds a significant advantage.

Property Type Analysis

A look at property types reveals distinct pricing trends within the Greater Vancouver market. The benchmark price for a detached home in March 2026 stands at $1,263,200, while attached/townhouse properties have a benchmark price of $758,800. This significant difference underscores the varying value propositions and demand levels across housing segments, with detached homes maintaining a premium.

Regional Highlights

The overall market trends observed in March 2026, including the composite benchmark price increase from February and the year-over-year decline, reflect conditions broadly experienced across the Greater Vancouver area. The balanced market condition suggests a consistent environment for transactions throughout the region, as reported by Greater Vancouver REALTORS (HPI).

For Buyers

In a balanced market, buyers have more time to conduct due diligence and explore options without intense pressure. The month-over-month increase in the composite benchmark price to $987,700 suggests that while prices are down year-over-year, the market may be finding a floor. Buyers should consult with a REALTOR® to understand specific sub-market conditions and secure properties that align with their long-term financial goals.

For Sellers

Sellers in March 2026 operate within a balanced market, meaning realistic pricing strategies are crucial to attract offers. While the composite benchmark price of $987,700 shows a monthly uptick, the year-over-year decrease of 6.4% from March 2025 indicates the importance of competitive positioning. Collaborating with a REALTOR® to accurately price homes based on current market comparables is essential for a successful sale.