Greater Vancouver REALTORS (HPI) Market Report: February 2026 Shows Continued Price Decline

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the composite benchmark price for Greater Vancouver real estate stands at $1,571,000, reflecting a 10.1% decrease from the same month last year. The market remains balanced, indicating stable conditions despite the ongoing price adjustments.

Market Analysis

The real estate market in Greater Vancouver continues to experience a downward trend in prices, with the composite benchmark price dropping from $1,576,000 in January 2026 to $1,571,000 in February 2026. This marks a significant year-over-year decline of 10.1% from $1,748,000 in February 2025. The current market condition is classified as balanced, suggesting that supply and demand are relatively equal, which may provide opportunities for both buyers and sellers to negotiate favorable terms.

Property Type Analysis

In February 2026, the benchmark price for detached homes is $1,830,100, while attached/townhouse properties are priced at $1,271,700. Although specific sales data is not available for this month, the overall trend indicates that detached homes are maintaining a higher price point compared to attached properties, reflecting the ongoing demand for single-family homes in the region. The absence of benchmark pricing for apartments suggests a need for further data to fully assess this segment of the market.

Regional Highlights

While specific regional sales and inventory figures are not available, the balanced market condition across Greater Vancouver suggests that various neighborhoods may be experiencing differing levels of activity. Buyers may find more opportunities in areas where inventory levels are higher, while sellers may need to adjust their expectations in light of the overall price decline.

For Buyers

Prospective buyers are encouraged to take advantage of the current balanced market conditions. With prices trending downward, buyers may find favorable purchasing opportunities, especially in the detached and attached property segments. It is advisable to conduct thorough research and consider working with a REALTOR® to navigate the market effectively.

For Sellers

Sellers should be mindful of the ongoing price adjustments in the Greater Vancouver market. With a 10.1% decrease in benchmark prices year-over-year, it is crucial to set realistic pricing expectations. Collaborating with a knowledgeable REALTOR® can help sellers position their properties competitively to attract potential buyers in a balanced market.