Greater Vancouver REALTORS (HPI) Report: February 2026 Market Shows 11.4% Yearly Price Decline

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the composite benchmark price for Greater Vancouver real estate stands at $1,332,200, reflecting an 11.4% decrease from the previous year. The market is currently classified as balanced, indicating a stable environment for both buyers and sellers.

Market Analysis

The Greater Vancouver real estate market exhibits a balanced condition this month, with a composite benchmark price of $1,332,200. This marks a significant decline of 11.4% compared to February 2025, when the benchmark price was $1,503,400. While specific sales and inventory figures are not available, the balanced market suggests that supply and demand are relatively equal, allowing for moderate price adjustments without extreme fluctuations.

Property Type Analysis

In terms of property types, the benchmark price for detached homes is $1,595,000, while attached/townhouses are priced at $981,300, and apartments at $532,600. The notable price differences among these categories indicate varying levels of demand and supply dynamics, with detached homes continuing to command the highest prices in the market.

Regional Highlights

Regional trends indicate that while the overall market is balanced, specific neighborhoods may experience differing levels of activity and price adjustments. Buyers and sellers should remain informed about local conditions, as these can significantly impact individual property values and market opportunities.

For Buyers

For prospective buyers, the current balanced market presents an opportunity to negotiate favorable terms. With prices down from last year, buyers may find more options within their budget, making it an ideal time to explore various property types.

For Sellers

Sellers should be aware of the current market conditions and adjust their expectations accordingly. With a year-over-year price decline, pricing properties competitively and presenting them well will be crucial to attract potential buyers in this balanced market.