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

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the Greater Vancouver real estate market sees a composite benchmark price of $858,600, reflecting a 6.3% decrease year-over-year. Total sales increased to 11 from 9 in January, while new listings rose to 68, indicating a slight uptick in market activity.

Market Analysis

The Greater Vancouver real estate market remains in a buyer's condition as inventory levels and new listings increase. The composite benchmark price of $858,600 marks a continued decline from the previous year, down 6.3% from $916,600 in February 2025. The sales-to-new-listings ratio (SNLR) stands at 16.2%, suggesting that while buyers are active, the market is still favoring them due to the relatively high number of new listings compared to sales.

Property Type Analysis

In February, the benchmark price for detached homes is reported at $1,194,100, while attached/townhouses and apartments are priced at $784,000 and $557,000, respectively. Although specific sales figures for each property type are not available this month, the overall trend indicates a preference for more affordable housing options as buyers navigate the current market conditions.

Regional Highlights

Regional trends show that the increase in new listings is a positive sign for buyers, providing more options in a market that has seen significant price adjustments. The overall decline in benchmark prices may encourage first-time buyers to enter the market, while existing homeowners may be hesitant to sell in a declining price environment.

For Buyers

Buyers are encouraged to take advantage of the current market conditions by exploring new listings and considering properties that may have been previously out of reach. With a buyer's market prevailing, negotiating terms and prices may yield favorable outcomes.

For Sellers

Sellers should be aware of the current market dynamics and price their properties competitively to attract buyers. Given the ongoing price decline, it may be beneficial to highlight unique features and improvements to stand out in a growing pool of new listings.