Greater Vancouver REALTORS (HPI) Report: February 2026 Market Shows Price Decline of 9.9% Year-Over-Year

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the composite benchmark price for homes in Greater Vancouver is $801,100, reflecting a 9.9% decrease from $889,000 in February 2025. The market is currently balanced, indicating stable conditions for both buyers and sellers.

Market Analysis

The Greater Vancouver real estate market continues to exhibit balanced conditions as of February 2026. The composite benchmark price has increased from $761,700 in January 2026 to $801,100 this month, suggesting a recovery trend in pricing despite the year-over-year decline. This price stabilization may be attributed to a consistent level of demand amidst a backdrop of economic uncertainty, which has kept the market from overheating or experiencing significant downturns.

Property Type Analysis

In February 2026, the benchmark price for attached/townhouse properties stands at $1,298,000, while apartments are priced at $763,300. The distinct pricing between property types highlights the ongoing demand for townhouses, which may be appealing to families and buyers seeking more space, while apartments continue to attract first-time buyers and investors due to their relatively lower price point.

Regional Highlights

Regional trends indicate that while the overall market remains balanced, specific neighborhoods may experience varying levels of activity. Areas with more affordable housing options are likely to see increased interest, as buyers seek value in a fluctuating market. Additionally, the ongoing development of infrastructure and amenities in certain regions may further influence buyer preferences and market dynamics.

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 looking at apartments or townhouses. Buyers should conduct thorough research and consider their long-term needs when making purchasing decisions.

For Sellers

Sellers should remain realistic about pricing in the current market environment. With a year-over-year price decline of 9.9%, it is crucial to price homes competitively to attract potential buyers. Engaging with a knowledgeable REALTOR can provide valuable insights into local market trends and help sellers position their properties effectively.