Greater Vancouver REALTORS (HPI) March 2026 Market Report: Benchmark Price Dips Amidst Balanced Conditions

Greater Vancouver REALTORS (HPI) — March 2026

The composite benchmark price for all residential properties in Greater Vancouver stands at $866,100 in March 2026, according to figures published by Greater Vancouver REALTORS (HPI). This represents a 4.9% decrease compared to March 2025 and a decline from February 2026's benchmark of $878,600, with the market maintaining balanced conditions.

Market Analysis

The composite benchmark price for all residential properties in Greater Vancouver reached $866,100 in March 2026. This figure reflects a 4.9% year-over-year decline from the $910,700 reported in March 2025. Month-over-month, the benchmark price also saw a decrease from February 2026's $878,600, indicating a continued softening in pricing trends.

The market is currently characterized as balanced, suggesting a relatively even distribution of supply and demand. This balanced state often leads to more stable pricing, though the recent declines indicate a shift from previous periods.

Property Type Analysis

Detached homes continue to command the highest benchmark price at $1,703,100 in March 2026. Attached/townhouse properties follow with a benchmark price of $892,900, while apartments have a benchmark price of $613,100.

The significant price difference between detached homes and other property types highlights the varying entry points and segments within the Greater Vancouver market.

Regional Highlights

The Greater Vancouver housing market, as a whole, experiences a period of price adjustments, with the composite benchmark price reflecting a downward trend both annually and monthly. This broad-based adjustment suggests consistent market dynamics across the various sub-regions within Greater Vancouver.

For Buyers

Buyers in the Greater Vancouver market may find opportunities in the current balanced conditions and declining benchmark prices. With the composite benchmark price at $866,100 and a 4.9% year-over-year decrease, prospective purchasers have more time to evaluate options and negotiate. Consulting with a REALTOR® is advisable to understand specific property values and market nuances.

For Sellers

Sellers in Greater Vancouver should adjust expectations to align with the current balanced market and recent price trends. The composite benchmark price has seen a decline from both the prior month and prior year, indicating a shift from more robust markets. Pricing properties competitively and working closely with a REALTOR® to strategize on market positioning is crucial for a successful sale.