Greater Vancouver REALTORS (HPI) Market Report: February 2026 Shows Continued Price Decline

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the composite benchmark price for homes in Greater Vancouver is $1,157,900, reflecting a 7.7% decrease from the same month last year. The market remains balanced, indicating a steady supply and demand dynamic despite the declining prices.

Market Analysis

The Greater Vancouver real estate market continues to experience a downward trend in prices, with the composite benchmark price dropping from $1,254,900 in February 2025 to $1,157,900 this month. This represents a significant year-over-year decline of 7.7%. The balanced market conditions suggest that while prices are decreasing, the supply of homes is adequately meeting buyer demand, preventing a more drastic shift towards a buyer's or seller's market.

Property Type Analysis

In February 2026, the benchmark price for attached/townhouse properties stands at $1,667,200, while apartments are priced at $1,133,600. Although specific sales data is not available, the price points indicate a notable distinction in the market, with townhouses commanding a higher price compared to apartments. This trend may reflect ongoing preferences for different property types among buyers in the current economic climate.

Regional Highlights

Regional trends continue to show variability across Greater Vancouver, with certain areas experiencing more pronounced price adjustments than others. While specific data on sales and listings is not available for this month, the overall balanced market condition suggests that regions are adapting to the current economic landscape, maintaining a steady flow of transactions.

For Buyers

For prospective buyers, this may be an opportune time to enter the market, as prices are lower than they were a year ago. Buyers should consider their long-term goals and be prepared to act quickly when suitable properties become available, as the balanced market may not last indefinitely.

For Sellers

Sellers should be mindful of the current price trends and consider pricing their homes competitively to attract potential buyers. With a balanced market, it is essential to highlight the unique features of a property to stand out in a landscape where buyers have multiple options.