Greater Vancouver REALTORS (HPI) Report: August 2026 Market Shows Continued Buyer Advantage

Greater Vancouver REALTORS (HPI) — August 2026

In August 2026, the Greater Vancouver real estate market sees a composite benchmark price of $1,127,200, reflecting a 6.5% decrease year-over-year. Total sales reach 20, with new listings at 51 and active listings totaling 191, resulting in a months of inventory (MOI) of 9.6.

Market Analysis

The Greater Vancouver real estate market continues to favor buyers as inventory levels remain elevated. With 191 active listings and only 20 sales in August, the market is characterized by a significant months of inventory at 9.6, indicating a slower pace of sales compared to previous months. The sales-to-new-listings ratio (SNLR) stands at 39.2%, further illustrating the buyer's market conditions as supply outpaces demand.

Property Type Analysis

The benchmark prices for different property types reveal varying market dynamics. Detached homes have a benchmark price of $2,018,400, while attached/townhouses are priced at $1,598,200, and apartments at $990,200. The absence of sales data for specific property types in August suggests a cautious market, where buyers may be more selective amidst rising inventory levels.

Regional Highlights

While specific regional data is not available for August, the overall trend indicates a cooling market compared to the previous year. The benchmark price has decreased from $1,206,400 in August 2025 to $1,127,200 this month, reflecting broader economic factors and buyer sentiment impacting the Greater Vancouver area.

For Buyers

Buyers are encouraged to take advantage of the current market conditions, characterized by ample inventory and a favorable selection of properties. With a significant number of active listings, buyers have the opportunity to negotiate terms and prices more effectively than in a seller's market.

For Sellers

Sellers should be mindful of the current market dynamics and the decreasing benchmark prices. It is advisable to price properties competitively and be prepared for longer listing periods, as the elevated months of inventory suggest that attracting buyers may require strategic marketing and flexibility in negotiations.