Greater Vancouver REALTORS Market Report: February 2026 Shows Continued Price Decline

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the composite benchmark price for Greater Vancouver real estate stands at $1,279,300, reflecting a 5.9% decrease from the same month last year. Total sales reached 135, a notable increase from 92 in January 2026, indicating a growing buyer interest in the market.

Market Analysis

The Greater Vancouver real estate market is currently characterized as a buyer's market, with a significant supply of new listings. In February, there were 401 new listings, contributing to a total of 135 sales, which translates to a sales-to-new-listings ratio (SNLR) of 33.7%. This ratio suggests that while buyer activity is increasing, it remains relatively low compared to the number of new properties entering the market, indicating that buyers have the upper hand in negotiations.

Property Type Analysis

When examining property types, the detached market continues to command the highest benchmark price at $2,031,700, though specific sales data is not available for this category. In contrast, attached/townhouse properties have a benchmark price of $1,253,800, while apartments are priced at $768,700. The significant price differences among these categories reflect varying buyer preferences and affordability levels in the current market.

Regional Highlights

Regionally, the Greater Vancouver area continues to experience a shift in buyer dynamics, with a noticeable increase in activity compared to the previous month. The overall decrease in benchmark prices year-over-year suggests that potential buyers may find more opportunities in the market, particularly in the apartment and townhouse segments, where prices are comparatively lower.

For Buyers

Potential buyers are encouraged to take advantage of the current market conditions, as increased inventory and a buyer's market provide opportunities for negotiation. Buyers should conduct thorough research and consider properties across different types to find the best fit for their needs and budget.

For Sellers

Sellers should be aware of the current market dynamics and the ongoing price decline. To attract buyers, it is crucial to price properties competitively and ensure they are in excellent condition. Additionally, sellers may benefit from highlighting unique features and amenities that set their properties apart in a crowded market.