Greater Vancouver REALTORS (HPI) Market Report: February 2026 Shows 5.5% Year-Over-Year Price Decline

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the composite benchmark price for Greater Vancouver real estate is $1,136,600, reflecting a 5.5% decrease compared to February 2025. The market remains balanced, with no new sales or listing data available for this period.

Market Analysis

The Greater Vancouver real estate market continues to exhibit a balanced condition as of February 2026. The composite benchmark price has decreased from $1,202,300 in February 2025 to the current $1,136,600, indicating a notable year-over-year decline of 5.5%. This price adjustment suggests that while demand may be stabilizing, it is not yet translating into increased sales activity or new listings, as evidenced by the absence of reported sales figures for the month.

Property Type Analysis

When examining the property types, the detached homes have a benchmark price of $2,287,800, while attached/townhouses are at $1,677,700, and apartments are priced at $978,100. The consistent decline in benchmark prices across all categories indicates a broader trend affecting the market, with potential implications for buyer preferences and investment strategies moving forward.

Regional Highlights

Regional trends indicate that the overall market dynamics are reflective of a cautious approach from both buyers and sellers. As the market adjusts to the current economic climate, it is essential for stakeholders to monitor these shifts closely, as they may influence future pricing and inventory levels across Greater Vancouver.

For Buyers

For prospective buyers, this period of price adjustment may present opportunities to negotiate better terms. With the market currently balanced, buyers should consider conducting thorough research and remain flexible in their offers to capitalize on potential deals.

For Sellers

Sellers are advised to remain realistic about pricing strategies in light of the current market conditions. With a year-over-year price decline, it is crucial to set competitive prices and consider enhancing property appeal to attract potential buyers.