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 properties in Greater Vancouver is $839,900, reflecting an 8.6% decrease from the previous year. The market remains balanced, with varying trends across different property types.

Market Analysis

The Greater Vancouver real estate market continues to exhibit a balanced condition as of February 2026. The composite benchmark price has increased slightly from $834,400 in January 2026 to $839,900 this month, indicating a stabilization in pricing after a year of declines. Year-over-year, the benchmark price has decreased by 8.6%, suggesting that while the market is balancing, it is still experiencing downward pressure on prices compared to last year.

Property Type Analysis

In February, the benchmark price for attached/townhouse properties stands at $1,097,900, while apartments are priced at $740,600. The disparity in pricing between these property types highlights the ongoing demand for townhouses, which may be driven by buyers seeking more space in a balanced market. However, specific sales data for each category remains unavailable, making it difficult to assess the volume of transactions and overall demand.

Regional Highlights

The Greater Vancouver region continues to reflect diverse trends, with the overall market conditions indicating a balance between supply and demand. While specific regional data is not available, the consistent benchmark prices suggest that buyers are adapting to the current market dynamics, which may vary across neighborhoods and property types.

For Buyers

Potential buyers are encouraged to remain informed about market conditions and consider the current benchmark prices when making purchasing decisions. With the market in a balanced state, buyers may find opportunities to negotiate favorable terms as they explore various property types.

For Sellers

Sellers should be mindful of the current price trends and the 8.6% year-over-year decline in benchmark prices. It is advisable to price properties competitively and be prepared for negotiations, as buyers are actively seeking value in a balanced market.