Greater Vancouver REALTORS (HPI) Market Report: February 2026 Shows Price Decline of 6.8% Year-Over-Year

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the composite benchmark price for homes in Greater Vancouver is $848,800, reflecting a 6.8% decrease compared to $911,100 in February 2025. The market is currently balanced, indicating stable conditions for both buyers and sellers.

Market Analysis

The Greater Vancouver real estate market is experiencing a balanced condition as of February 2026, with the composite benchmark price declining from $860,700 in January 2026 to $848,800 this month. This downward trend in prices is indicative of a market adjusting to previous highs, with a notable year-over-year decrease of 6.8%. The absence of sales and listing data for the current month suggests a potential pause in market activity, which may be attributed to seasonal factors or buyer hesitance amid changing economic conditions.

Property Type Analysis

In terms of property types, the benchmark price for detached homes stands at $1,260,200, while attached/townhouse properties are priced at $806,200, and apartments at $504,500. The significant price differentiation among these categories reflects varying levels of demand and supply dynamics, with detached homes typically commanding higher prices due to their larger size and land value.

Regional Highlights

Regional trends indicate that the overall market is stabilizing, with the balanced market condition suggesting that neither buyers nor sellers have a distinct advantage. This stability may encourage more activity in the coming months as potential buyers reassess their options and sellers adjust their pricing strategies to attract interest.

For Buyers

For buyers, this may be an opportune time to enter the market, especially given the declining prices year-over-year. Prospective homeowners should consider their long-term goals and take advantage of the current balanced market to negotiate favorable terms.

For Sellers

Sellers are advised to remain realistic about pricing in light of the current market conditions. With a 6.8% decrease in prices compared to last year, it is crucial to set competitive prices to attract potential buyers while being prepared for a longer selling period.