Greater Vancouver REALTORS (HPI) Report: February 2026 Market Sees 7.3% Year-Over-Year Price Decline

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the composite benchmark price for Greater Vancouver homes is $1,259,700, reflecting a 7.3% decrease compared to the same month last year. The market remains balanced, indicating a stable environment for both buyers and sellers.

Market Analysis

The Greater Vancouver real estate market is currently characterized as balanced, with a composite benchmark price of $1,259,700. This marks a decline from January's benchmark of $1,285,300, suggesting a cooling trend in home prices over the past month. Year-over-year, the market has experienced a significant price drop of 7.3%, indicating a shift in buyer sentiment and market dynamics since February 2025, when the benchmark was $1,359,600.

Property Type Analysis

In the detached home segment, the benchmark price stands at $1,557,300, while the apartment benchmark is considerably lower at $692,900. This price disparity highlights the ongoing demand for detached homes, despite the overall market decline. However, specific sales data for attached or townhouse properties is not available, limiting a comprehensive analysis of that segment at this time.

Regional Highlights

Regional trends indicate that while the overall market is balanced, specific neighborhoods may exhibit varying levels of demand and supply. Buyers are encouraged to explore different areas, as local conditions can significantly impact pricing and availability. The absence of detailed sales and inventory data for February 2026 suggests that market activity may be fluctuating, warranting close observation in the coming months.

For Buyers

Potential buyers are advised to remain vigilant and consider their options carefully in this balanced market. With prices down year-over-year, there may be opportunities to negotiate better terms. Buyers should conduct thorough research and work closely with a REALTOR® to identify properties that meet their needs and budget.

For Sellers

Sellers should be mindful of the current market conditions and the year-over-year price decline. It is essential to price properties competitively to attract buyers in a balanced market. Engaging with a knowledgeable REALTOR® can help sellers navigate pricing strategies and marketing approaches effectively.