Greater Vancouver REALTORS (HPI) Market Report – August 2026

Greater Vancouver REALTORS (HPI) — August 2026

In August 2026, the Greater Vancouver real estate market shows a composite benchmark price of $1,116,100, down from $1,136,300 in July. Total sales decreased to 2, while new listings increased to 3, resulting in a balanced market with 12 active listings.

Market Analysis

The Greater Vancouver real estate market remains balanced as of August 2026, with a months of inventory (MOI) at 6.0. This indicates that the supply of homes is sufficient to meet current demand, although the total sales have decreased from 3 in July to just 2 this month. The sales-to-new-listings ratio (SNLR) stands at 66.7%, suggesting that new listings are being absorbed at a moderate pace, but the overall activity remains low due to the small sample size of sales.

Property Type Analysis

The property type breakdown indicates a significant variation in benchmark prices, with detached homes at $1,956,500, attached/townhouses at $1,238,300, and apartments at $685,200. However, specific sales data for these categories is not available this month, making it challenging to assess individual performance. The overall decline in the composite benchmark price of 3.7% year-over-year reflects broader market trends affecting all property types.

Regional Highlights

The current market conditions in Greater Vancouver highlight a cautious approach among buyers and sellers alike. With a balanced market and modest fluctuations in pricing, potential buyers may find opportunities in the increased number of new listings. However, the overall economic climate and interest rates may continue to influence buyer sentiment and activity levels moving forward.

For Buyers

Buyers are encouraged to take advantage of the current balanced market conditions by exploring new listings and conducting thorough research on property values. With a limited number of sales this month, buyers may have more negotiating power, but should remain vigilant about market trends and economic factors that could impact future pricing.

For Sellers

Sellers should consider pricing their properties competitively to attract potential buyers in a market characterized by a modest number of active listings. Given the current benchmark price decline, it is crucial for sellers to present their homes well and be prepared for negotiations, as the small number of sales this month indicates a cautious buyer market.