Greater Vancouver REALTORS (HPI) Report: February 2026 Market Shows 8.9% Yearly Price Decline

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the composite benchmark price for Greater Vancouver real estate is $1,663,900, reflecting an 8.9% decrease from the previous year. The market is currently balanced, indicating a stable environment for both buyers and sellers.

Market Analysis

The Greater Vancouver real estate market continues to show signs of adjustment, with the composite benchmark price decreasing from $1,684,200 in January 2026 to $1,663,900 in February 2026. This downward trend is consistent with the year-over-year price decline of 8.9% from February 2025, when the benchmark was $1,827,100. The current balanced market condition suggests that supply and demand are relatively equal, which may provide opportunities for both buyers and sellers to negotiate favorable terms.

Property Type Analysis

Currently, the benchmark price for detached homes stands at $1,667,800. However, data for attached/townhouse and apartment properties remains unavailable this month. The lack of sales data across property types limits a comprehensive analysis, but the existing benchmark for detached homes indicates that this segment may be experiencing similar pressures as the overall market.

Regional Highlights

While specific regional trends are not detailed this month, the overall balanced market condition suggests that various neighborhoods may be experiencing differing levels of buyer interest and inventory. Buyers and sellers should consider local market dynamics when making decisions, as conditions can vary significantly across the Greater Vancouver area.

For Buyers

For prospective buyers, the current balanced market presents a favorable opportunity to enter the market. With prices showing a notable decline year-over-year, buyers may find more negotiating power and a wider selection of properties as they explore their options.

For Sellers

Sellers are advised to remain realistic about pricing in the current market environment. Given the year-over-year price decline, it is crucial to set competitive prices to attract potential buyers while being prepared for negotiations.