Greater Vancouver REALTORS (HPI) Market Report - August 2026

Greater Vancouver REALTORS (HPI) — August 2026

In August 2026, the Greater Vancouver real estate market shows a composite benchmark price of $1,305,600, reflecting a 2.5% decrease year-over-year. Total sales reached 138, while active listings stood at 889, indicating a buyer's market with a sales-to-new-listings ratio of 47.1%.

Market Analysis

The Greater Vancouver real estate market continues to exhibit signs of a buyer's market as inventory levels remain elevated. With 293 new listings introduced in August, the total active listings reached 889, resulting in 6.4 months of inventory. This is a slight increase from July's 6.3 months, suggesting that supply is outpacing demand, which is reflected in the declining benchmark price. The composite benchmark price has decreased by 2.5% from the previous year, indicating a softening in market conditions.

Property Type Analysis

When examining property types, the detached market remains the most expensive, with a benchmark price of $2,088,400. However, specific sales data for detached homes is not available this month. In contrast, the attached/townhouse segment has a benchmark price of $1,247,400, while apartments are priced at $770,300. The relative affordability of apartments may attract more buyers, especially in a market where overall prices are declining.

Regional Highlights

Regionally, Greater Vancouver's market dynamics reflect a broader trend of increasing inventory compared to the previous year. In August 2025, there were 1,005 active listings, which has decreased to 889 this month. However, the months of inventory has improved from 7.3 in August 2025 to 6.4, indicating a shift towards a more balanced market, albeit still favoring buyers. The sales figures show a slight increase from 137 in August 2025 to 138 this month, suggesting a stable demand despite the overall price decline.

For Buyers

For potential buyers, this is an opportune time to enter the market, as the current buyer's market conditions provide greater negotiating power. With a variety of properties available and prices trending downwards, buyers should consider their options carefully and be prepared to act when they find a suitable property.

For Sellers

Sellers should be aware of the current market conditions and the importance of pricing their properties competitively. With a higher number of active listings and a sales-to-new-listings ratio of 47.1%, it is crucial to present homes attractively and consider realistic pricing strategies to attract potential buyers.