Greater Vancouver REALTORS (HPI) Market Report for August 2026

Greater Vancouver REALTORS (HPI) — August 2026

In August 2026, the Greater Vancouver real estate market sees a composite benchmark price of $695,100, with total sales reaching 9. The market remains balanced, with 15 new listings and 53 active listings recorded this month.

Market Analysis

The Greater Vancouver real estate market is currently experiencing a balanced condition, characterized by a months of inventory (MOI) of 5.9. Despite a decrease in the composite benchmark price by 4.9% compared to August 2025, the number of active listings has slightly decreased from 61 in July to 53 in August. This indicates a modest tightening of supply, which may be contributing to the stabilization of prices despite the year-over-year decline.

Total sales have decreased from 13 in July to 9 in August, reflecting a cautious approach from buyers amid ongoing economic uncertainties. The sales-to-new-listings ratio (SNLR) stands at 60.0%, suggesting that while demand is present, it is not robust enough to significantly drive prices upward in the current environment. The small sample size of sales this month indicates that percentage changes may not fully capture the market dynamics at play.

Property Type Analysis

In terms of property types, the benchmark price for attached/townhouses is reported at $931,900, while apartments are priced at $639,000. The absence of sales data for detached properties this month limits a comprehensive analysis; however, the existing benchmarks suggest that attached and apartment properties continue to attract interest in a market that is adjusting to current economic conditions. Buyers may find more opportunities in the apartment sector, given its lower benchmark price compared to attached properties.

Regional Highlights

Regionally, the Greater Vancouver area continues to reflect a diverse market landscape, with variations in demand across different neighborhoods. While the overall market remains balanced, certain areas may experience localized trends that deviate from the broader market metrics. Buyers and sellers should remain attentive to these regional dynamics, as they can significantly impact individual property performance.

For Buyers

For buyers, this month presents an opportunity to explore the market with a balanced inventory level. With 15 new listings and a variety of property types available, potential buyers should conduct thorough research and consider their options carefully, especially in the apartment sector where prices are more accessible.

For Sellers

Sellers are advised to remain realistic about pricing strategies in the current market environment. With a slight decrease in benchmark prices and a total of 15 new listings introduced this month, competitive pricing and effective marketing strategies will be crucial to attract potential buyers.