Greater Vancouver REALTORS February 2026 Market Report: Composite Benchmark Price at $892,200

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the Greater Vancouver real estate market sees a composite benchmark price of $892,200, reflecting a 6.3% decrease year-over-year. Total sales reached 46, while new listings totaled 98, indicating a balanced market condition.

Market Analysis

The Greater Vancouver real estate market continues to exhibit balanced conditions as of February 2026, with a sales-to-new-listings ratio (SNLR) of 46.9%. This figure suggests that the market is maintaining equilibrium between supply and demand, despite the decline in benchmark prices compared to the previous year. The composite benchmark price has decreased from $896,200 in January 2026 to $892,200 this month, indicating a gradual adjustment in pricing as the market stabilizes.

Property Type Analysis

When examining the property types, the benchmark price for detached homes stands at $1,347,000, while attached/townhouses are priced at $864,500, and apartments at $588,900. Although specific sales data for each category is not available, the overall trend suggests that buyers may find more favorable pricing in the attached and apartment segments compared to detached homes, which continue to command higher prices.

Regional Highlights

Regional trends indicate that the Greater Vancouver area is experiencing a steady influx of new listings, with 98 new properties entering the market this month. This increase in inventory may provide buyers with more options, potentially leading to a more competitive environment as the market adjusts to current economic conditions.

For Buyers

For prospective buyers, now may be an opportune time to enter the market, especially with the current balanced conditions and a variety of new listings available. Buyers should consider their long-term goals and be prepared to act quickly on properties that meet their criteria, as the market dynamics can shift.

For Sellers

Sellers are advised to remain realistic about pricing in the current market environment. With a year-over-year price decline of 6.3%, it is crucial to price properties competitively to attract potential buyers, particularly as new listings continue to increase.