Greater Vancouver REALTORS (HPI) Market Report – February 2026

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the composite benchmark price for Greater Vancouver real estate is $629,100, reflecting a 6.5% decrease year-over-year. The market remains balanced, indicating a stable environment for both buyers and sellers.

Market Analysis

The Greater Vancouver real estate market is currently experiencing a balanced condition, with the composite benchmark price decreasing from $638,100 in January 2026 to $629,100 in February 2026. This decline represents a continued trend observed over the past year, as the benchmark price has fallen from $672,500 in February 2025. The current market dynamics suggest that while prices are decreasing, the balance between supply and demand is maintaining stability, preventing drastic fluctuations in sales activity.

Property Type Analysis

In February 2026, the benchmark price for attached/townhouse properties is $747,900, while apartments are priced at $605,900. Although specific sales data is not available, the differentiation in benchmark prices indicates varying levels of demand and supply across property types, with attached homes generally commanding higher prices than apartments. This trend may reflect buyer preferences and the availability of inventory in each category.

Regional Highlights

While specific regional sales and active listing data are not available for February 2026, the overall market conditions suggest that buyers are adapting to the current pricing landscape. The steady decline in benchmark prices may encourage potential buyers who have been waiting for more favorable conditions to enter the market, particularly in the attached and apartment sectors.

For Buyers

For prospective buyers, the current balanced market presents an opportunity to negotiate favorable terms. With benchmark prices showing a downward trend, buyers may find it advantageous to explore options in both the attached and apartment categories, as these segments may offer better value compared to previous months.

For Sellers

Sellers are advised to remain realistic about pricing in light of the current market conditions. With a year-over-year price decrease of 6.5%, it is essential to set competitive prices to attract buyers while considering the unique features of their properties. Properly marketing homes and being flexible with negotiations can help sellers achieve successful transactions.