Greater Vancouver REALTORS (HPI) Market Report - August 2026

Greater Vancouver REALTORS (HPI) — August 2026

In August 2026, the Greater Vancouver real estate market shows a composite benchmark price of $1,064,100, reflecting a decrease of 11.3% year-over-year. The market recorded a total of 2 sales, with 18 active listings available for buyers.

Market Analysis

The current market conditions indicate a buyer's market, characterized by a months of inventory (MOI) of 9.0. This suggests that, with 18 active listings and only 2 sales this month, buyers have a significant selection to choose from. The decrease in the composite benchmark price from $1,124,800 in July 2026 to $1,064,100 in August 2026 further highlights the ongoing trend of declining prices, driven by the limited sales activity and a relatively stable number of listings.

Property Type Analysis

Among the property types, the detached homes have a benchmark price of $1,111,300, while attached/townhouses are priced at $830,800. The absence of sales data for apartments indicates a lack of activity in that segment, which may reflect broader market trends or buyer preferences shifting towards detached and attached properties during this period.

Regional Highlights

The overall decline in the benchmark price compared to August 2025, when it was $1,199,800, underscores the challenges faced by the market over the past year. The small number of sales this month suggests that potential buyers may be hesitant, possibly due to economic factors or uncertainty in the market.

For Buyers

For buyers, this may be an opportune time to enter the market, given the increased inventory and lower benchmark prices. With a variety of options available, buyers are encouraged to conduct thorough research and consider their long-term needs when making a purchase.

For Sellers

Sellers should be mindful of the current market dynamics and the significant competition from active listings. Pricing homes competitively and ensuring they are in excellent condition can help attract potential buyers in this buyer's market.