Greater Vancouver REALTORS (HPI) Market Report - August 2026

Greater Vancouver REALTORS (HPI) — August 2026

In August 2026, the Greater Vancouver real estate market saw a composite benchmark price of $1,136,500, a slight decrease of 0.5% from the previous year. Total sales were recorded at just 3, with new listings totaling 8 and active listings at 41.

Market Analysis

The current market conditions indicate a buyer's market, characterized by a months of inventory (MOI) of 13.7. This high MOI suggests that supply significantly exceeds demand, as evidenced by the total sales of only 3 properties this month. The sales-to-new-listings ratio (SNLR) stands at 37.5%, further illustrating the challenges buyers face in finding suitable properties amidst a limited selection.

Property Type Analysis

The detached home segment shows a benchmark price of $1,337,400, while the apartment market has a benchmark price of $585,400. However, specific sales figures for these property types are not available this month, making it difficult to assess their performance relative to one another. The absence of sales data highlights the overall slowdown in activity across the market.

Regional Highlights

Compared to July 2026, the composite benchmark price has decreased slightly from $1,138,300, while active listings have decreased from 46 to 41. This decline in active listings may indicate a tightening of supply, but with only 3 sales recorded, the impact on pricing remains minimal. Year-over-year, the benchmark price has decreased by 0.5%, reflecting a subtle shift in market dynamics.

For Buyers

For buyers, this period presents an opportunity to explore options in a market with a high MOI. With more active listings than sales, buyers may have the leverage to negotiate better terms. It is advisable to remain patient and conduct thorough research to identify properties that meet their needs.

For Sellers

Sellers should be mindful of the current buyer's market conditions. With a limited number of sales and a high MOI, pricing strategies should be carefully considered. Setting a competitive price and ensuring properties are well-presented can help attract potential buyers in this challenging environment.