Greater Vancouver REALTORS (HPI) Market Report: August 2026 Shows Balanced Conditions with Price Decline

Greater Vancouver REALTORS (HPI) — August 2026

In August 2026, the Greater Vancouver real estate market exhibits balanced conditions, with a composite benchmark price of $849,100. Total sales reached 31, matching the number of new listings, while active listings decreased to 127.

Market Analysis

The Greater Vancouver real estate market remains balanced as of August 2026, with a months of inventory (MOI) at 4.1, indicating a stable supply relative to demand. The composite benchmark price has decreased by 4.3% year-over-year from $887,400 in August 2025 to $849,100 this month. Despite the price decline, the sales-to-new-listings ratio (SNLR) stands at an impressive 100.0%, suggesting that the market is absorbing new listings effectively.

Property Type Analysis

The property type breakdown reveals a composite benchmark price of $1,188,900 for detached homes, $746,900 for attached/townhouses, and $546,600 for apartments. While specific sales figures for each category are not available, the overall market dynamics suggest that buyers are gravitating towards more affordable options, potentially impacting the demand for detached properties.

Regional Highlights

Regionally, the total active listings have decreased from 146 in July 2026 to 127 in August, reflecting a tightening supply. This trend is consistent with the previous year, where active listings also stood at 146 in August 2025, indicating that the market is maintaining a steady level of inventory despite fluctuations in sales activity.

For Buyers

Buyers are encouraged to act decisively in the current balanced market, as the 100.0% SNLR indicates that new listings are being absorbed quickly. With benchmark prices down from last year, this may present an opportunity to negotiate favorable terms.

For Sellers

Sellers should be mindful of the current market dynamics, particularly the decline in benchmark prices. Setting a competitive price and ensuring the property is well-presented can enhance visibility and attract potential buyers in a balanced market.