Greater Vancouver REALTORS (HPI) Report: February 2026 Market Shows Price Decline of 5.3%

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the composite benchmark price for Greater Vancouver real estate is $802,700, reflecting a year-over-year decrease of 5.3%. The market remains balanced, with no new sales or listings reported this month.

Market Analysis

The Greater Vancouver real estate market continues to experience a decline in benchmark prices, down from $814,500 in January 2026 to $802,700 in February 2026. This trend marks a significant decrease from the $847,600 benchmark price recorded in February 2025. The current market conditions are classified as balanced, indicating that supply and demand are relatively equal, which may contribute to the stabilization of prices despite the observed decline over the past year.

Property Type Analysis

When examining the property types, the detached homes have a benchmark price of $868,200, while attached/townhouse properties are priced at $747,100, and apartments at $489,800. The consistent decline across all property types suggests that buyers are exercising caution, leading to fewer transactions and a more measured approach to pricing.

Regional Highlights

Regionally, the Greater Vancouver area is witnessing varied dynamics across neighborhoods, with some areas experiencing steeper declines than others. The balanced market condition suggests that while buyers may have more options available, they are also more selective, which could lead to a prolonged adjustment period for sellers.

For Buyers

For prospective buyers, this may be an opportune time to enter the market, as prices are currently lower than they were a year ago. Buyers should focus on their long-term goals and consider properties that meet their needs, while also being prepared to negotiate in a balanced market.

For Sellers

Sellers are advised to set realistic expectations regarding pricing, given the current downward trend in benchmark prices. It is essential to present properties in the best possible condition and to be flexible with negotiations to attract potential buyers in a balanced market.