Greater Vancouver REALTORS (HPI) March 2026 Report: Benchmark Price at $1,377,700, Down 3.7% Year-Over-Year

Greater Vancouver REALTORS (HPI) — March 2026

The composite benchmark price for all residential properties in the Greater Vancouver area reached $1,377,700 in March 2026, according to figures released by Greater Vancouver REALTORS (HPI). This represents a 3.7% decrease compared to March 2025, with the market currently experiencing balanced conditions.

Market Analysis

The Greater Vancouver housing market maintains balanced conditions in March 2026. The composite benchmark price for all residential properties stands at $1,377,700, reflecting a 3.7% decline from the $1,431,100 recorded in March 2025. This year-over-year adjustment indicates a continued recalibration in the market.

Month-over-month, the composite benchmark price also saw a decrease, moving from $1,413,500 in February 2026 to $1,377,700 in March 2026. This trend suggests a cooling in price appreciation, aligning with the current balanced market environment reported by Greater Vancouver REALTORS (HPI).

Property Type Analysis

A detailed look at property types reveals distinct benchmark prices across the Greater Vancouver region. Detached homes command the highest benchmark price at $3,231,500 in March 2026. The attached/townhouse segment follows with a benchmark price of $1,729,400, offering a mid-range option for buyers.

Apartment properties present the most accessible entry point into the market, with a benchmark price of $615,200. These figures, published by Greater Vancouver REALTORS (HPI), highlight the varied pricing structures across different housing segments within the balanced market.

Regional Highlights

While specific regional data is not available, the overall balanced market conditions reported by Greater Vancouver REALTORS (HPI) suggest a consistent environment across the diverse communities within the Greater Vancouver area. The year-over-year price adjustment of -3.7% for the composite benchmark price likely reflects trends observed throughout the region, influencing various sub-markets.

This broad market stability, characterized by balanced conditions, indicates that both buyers and sellers across Greater Vancouver are navigating a more predictable landscape compared to periods of rapid price fluctuations. The varying benchmark prices for property types also suggest diverse opportunities and challenges depending on specific regional housing stock.

For Buyers

In a balanced market with a year-over-year price decrease, buyers may find more opportunities and less pressure compared to hotter markets. It is advisable for buyers to conduct thorough due diligence, understand their financial capacity, and work closely with a REALTOR® to identify properties that align with their long-term goals. The current conditions may offer more time for decision-making and potentially more negotiation room.

For Sellers

Sellers in a balanced market, particularly one experiencing a year-over-year price adjustment, should set realistic expectations for their property's value. Pricing strategically and ensuring the property is well-prepared for market are crucial steps. Working with a REALTOR® to understand current market comparables and effectively market the home can help achieve a successful sale in these conditions, as reported by Greater Vancouver REALTORS (HPI).