Greater Vancouver REALTORS (HPI) Market Report: February 2026 Shows 11% Year-Over-Year Price Decline

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the composite benchmark price for homes in Greater Vancouver is $2,302,600, reflecting an 11.0% decrease from February 2025. The market remains balanced, indicating a stable environment for both buyers and sellers.

Market Analysis

The Greater Vancouver real estate market is currently experiencing a balanced condition, with the composite benchmark price showing a notable decline of 11.0% year-over-year from $2,587,700 in February 2025. This price adjustment suggests a shift in market dynamics, where supply and demand are more evenly matched, providing opportunities for buyers who may have been sidelined in previous years of rapid price growth. The absence of total sales and active listings data for February limits a comprehensive analysis, but the current benchmark price indicates a cooling trend compared to the previous month’s benchmark of $2,338,500.

Property Type Analysis

Currently, the benchmark price for detached homes stands at $2,302,600. Unfortunately, data for attached/townhouse and apartment properties is not available this month, making it challenging to provide a complete comparison across property types. However, the significant year-over-year price decline in the detached segment may suggest similar trends in other categories, as the overall market adjusts to changing economic conditions.

Regional Highlights

While specific regional data is not available for February, the overall balanced market condition suggests that various neighborhoods may be experiencing differing levels of activity. Historically, areas with strong amenities and access to transit tend to perform better even in a declining market, which could still hold true as buyers seek value in their investments.

For Buyers

For prospective buyers, the current balanced market presents a favorable opportunity to negotiate terms and prices. With the benchmark price down 11.0% year-over-year, buyers may find more options available and should consider conducting thorough research and engaging with a REALTOR® to navigate the market effectively.

For Sellers

Sellers are advised to remain realistic about pricing in the current market environment. With the benchmark price declining, setting a competitive price is crucial to attract potential buyers. Engaging with a knowledgeable REALTOR® can help sellers position their properties effectively to maximize interest and minimize time on the market.