Greater Vancouver REALTORS February 2026 Market Report: Benchmark Price Rises to $1,373,400

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the composite benchmark price for Greater Vancouver real estate reached $1,373,400, marking a 2.6% increase from the previous year. Total sales for the month stood at 46, reflecting a slight uptick from January's 44 sales.

Market Analysis

The Greater Vancouver real estate market is currently exhibiting balanced conditions, characterized by stable pricing and a modest increase in sales activity. The composite benchmark price has risen from $1,371,600 in January 2026 to $1,373,400 in February, indicating a steady demand amidst a limited supply. While specific data on new and active listings is not available, the overall market dynamics suggest that buyers are engaging with available properties, contributing to the year-over-year price increase of 2.6%.

Property Type Analysis

In February 2026, the benchmark prices for different property types are as follows: detached homes at $2,837,400, attached/townhouses at $1,624,900, and apartments at $611,700. The significant price disparity among these categories highlights the ongoing demand for detached homes, which remain the most expensive option, while apartments continue to offer a more accessible entry point for buyers in the market.

Regional Highlights

Regional trends indicate a consistent interest in various neighborhoods across Greater Vancouver, with specific areas experiencing higher demand for detached homes. The overall balanced market condition suggests that while buyers are active, they are also cautious, leading to a measured approach to pricing and negotiations across the board.

For Buyers

Prospective buyers are encouraged to remain vigilant and informed about market trends, particularly in the detached and townhouse segments, where competition may be more pronounced. Engaging with a knowledgeable REALTOR can provide insights into emerging opportunities and help navigate the complexities of the current market.

For Sellers

Sellers should consider the current balanced market conditions as an opportunity to price their properties competitively. With a year-over-year price increase, presenting homes in optimal condition and leveraging professional marketing strategies can attract serious buyers and facilitate successful transactions.