Greater Vancouver REALTORS (HPI) Market Report - February 2026

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the composite benchmark price for Greater Vancouver real estate is $1,415,300, reflecting an 8.4% decrease from 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 shows signs of stabilization as the composite benchmark price increases slightly from January 2026's $1,410,000. Despite the year-over-year decline of 8.4%, the current price indicates a potential leveling off, which may encourage both buyers and sellers to engage in the market. The balanced market condition suggests that supply and demand are relatively equal, providing opportunities for negotiation on both sides.

Property Type Analysis

In February 2026, the benchmark price for detached homes stands at $1,603,200, while attached/townhouses and apartments are priced at $891,500 and $705,500, respectively. The significant price disparity among these property types highlights the varying demand levels, with detached homes typically commanding higher prices due to their larger size and land value.

Regional Highlights

Regional trends indicate that while the overall market is balanced, specific areas may experience different dynamics based on local demand and inventory levels. As the market adjusts to recent price changes, certain neighborhoods may see increased interest from buyers looking for more affordable options, particularly in the attached and apartment sectors.

For Buyers

Prospective buyers are encouraged to take advantage of the current balanced market conditions. With prices stabilizing, this may be an opportune time to enter the market, especially for those considering attached or apartment properties, which are generally more affordable than detached homes.

For Sellers

Sellers should remain realistic about pricing in the current market environment. With an 8.4% year-over-year decline in benchmark prices, it is crucial to set competitive prices to attract potential buyers while being prepared for negotiations.