Greater Vancouver REALTORS (HPI) Report: February 2026 Market Shows 8.2% Price Decline Year-Over-Year

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the composite benchmark price for Greater Vancouver real estate is $1,301,300, reflecting an 8.2% decrease from the previous year. The market is currently balanced, indicating stable conditions for both buyers and sellers.

Market Analysis

The Greater Vancouver real estate market continues to exhibit a balanced condition as of February 2026, with the composite benchmark price slightly decreasing from $1,303,500 in January 2026 to $1,301,300 this month. This decline in price is consistent with the year-over-year trend, where the benchmark price has dropped from $1,417,700 in February 2025. The current market dynamics suggest that supply and demand are relatively aligned, providing opportunities for both buyers and sellers to navigate the market effectively.

Property Type Analysis

When examining the property types, the detached homes have a benchmark price of $1,852,400, while attached/townhouse properties are priced at $1,317,800, and apartments at $872,800. The significant price differences among these categories indicate varying levels of demand and supply, with detached homes typically commanding the highest prices due to their desirability and limited availability.

Regional Highlights

Regional trends indicate that while prices have generally decreased, the balanced market condition suggests that buyers are still actively engaging in the market. This stability may be attributed to a steady influx of new listings, which helps to maintain equilibrium between supply and demand across the Greater Vancouver area.

For Buyers

For buyers, this balanced market presents an opportunity to negotiate favorable terms. With prices down year-over-year, potential buyers may find it advantageous to explore various property types and consider making offers that reflect current market conditions.

For Sellers

Sellers should remain realistic about pricing in this balanced market. Given the year-over-year decline in benchmark prices, it is crucial to set competitive prices to attract buyers while being prepared for negotiations that may arise.