Greater Vancouver REALTORS Market Report: February 2026 Shows Price Decline of 6.7% Year-Over-Year

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the composite benchmark price for Greater Vancouver real estate stands at $1,138,000, reflecting a 6.7% decrease from February 2025. The market is currently balanced, indicating stable conditions for both buyers and sellers.

Market Analysis

The Greater Vancouver real estate market continues to exhibit a balanced condition as of February 2026, with the composite benchmark price declining from $1,164,200 in January 2026 to $1,138,000 this month. This represents a significant year-over-year decrease from $1,220,200 in February 2025, highlighting ongoing adjustments in pricing amid shifting market dynamics. The absence of sales and listing data for the current month suggests a period of stabilization as the market recalibrates following previous fluctuations.

Property Type Analysis

When examining the breakdown by property type, the benchmark price for detached homes is reported at $1,501,400, while attached/townhouses and apartments are priced at $943,400 and $635,300, respectively. The variation in benchmark prices indicates differing levels of demand and supply across these segments, with detached homes continuing to command the highest prices despite the overall market decline.

Regional Highlights

Regionally, the Greater Vancouver area is experiencing a consistent trend of price adjustments, with the composite benchmark price reflecting a broader market correction. As the market stabilizes, it is essential for stakeholders to monitor local conditions, as certain neighborhoods may exhibit unique trends that differ from the overall regional performance.

For Buyers

For prospective buyers, this balanced market presents an opportunity to negotiate favorable terms. With a decline in benchmark prices, buyers may find more options available and should consider conducting thorough research to identify properties that meet their needs while capitalizing on current market conditions.

For Sellers

Sellers are encouraged to remain realistic about pricing strategies in light of the recent price declines. It is advisable to work closely with a REALTOR® to assess current market conditions and set competitive prices that attract potential buyers while maximizing value.