Greater Vancouver REALTORS (HPI) Market Report for August 2026: Composite Benchmark Price at $855,100

Greater Vancouver REALTORS (HPI) — August 2026

In August 2026, the Greater Vancouver real estate market recorded a composite benchmark price of $855,100. Total sales increased to 2, with 10 new listings and 19 active listings available for buyers.

Market Analysis

The market remains firmly in favor of buyers, as evidenced by the 9.5 months of inventory available. This indicates a significant supply relative to demand, with the sales-to-new-listings ratio (SNLR) at 20.0%. The composite benchmark price reflects a year-over-year decline of 10.6%, suggesting that buyers have more negotiating power in the current environment. The increase in new listings this month may further contribute to the buyer-friendly conditions, as more options become available.

Property Type Analysis

The benchmark price for apartments stands at $855,100, while data for detached and attached/townhouse properties is not available this month. Given the limited sales figures, it is challenging to draw definitive conclusions about the performance of different property types; however, the apartment market appears to be the focal point for buyers currently active in the market.

Regional Highlights

The overall trend in the Greater Vancouver area continues to reflect a cooling market compared to the previous year, where the composite benchmark price was $956,100 in August 2025. The increase in active listings from 18 in July to 19 in August suggests a gradual shift towards a more balanced market, although the small number of sales indicates that many potential buyers may still be hesitant.

For Buyers

For buyers, this is an opportune time to enter the market, given the high inventory levels and the current buyer-favorable conditions. With a variety of listings available, buyers should take the time to explore their options and negotiate effectively, as there may be room for price adjustments.

For Sellers

Sellers should be aware of the current market dynamics and the extended months of inventory. It is advisable to price properties competitively and consider enhancing their appeal to attract potential buyers, as the market is leaning towards buyer preferences.