Greater Vancouver REALTORS Market Report: February 2026 Shows Continued Buyer Market Dynamics

Greater Vancouver REALTORS — February 2026

In February 2026, Greater Vancouver REALTORS® report a composite benchmark price of $1,100,300, reflecting a 6.8% decrease year-over-year. Total sales reached 1,648, down 9.8% from February 2025, while active listings increased to 13,545, marking a 6.3% rise compared to the previous year.

Market Analysis

The Greater Vancouver real estate market continues to exhibit slower-than-average sales, with February 2026's total sales falling 28.7% below the 10-year seasonal average of 2,310. The sales-to-active listings ratio stands at 12.6%, indicating a buyer's market, as the ratio remains below the critical threshold of 12%. This trend is further emphasized by a decrease in new listings, which totaled 4,734 in February, a 6.4% decline from the previous year, suggesting that sellers are less inclined to enter the market amidst current conditions.

Property Type Analysis

When examining property types, detached homes show a benchmark price of $1,835,900, down 8.8% year-over-year, with sales of 427 units, a 10.5% decrease from February 2025. In contrast, the apartment segment, with a benchmark price of $708,200, experienced a more significant sales decline of 15.6%, totaling 824 units sold. Attached homes also saw a decrease in sales, with 387 units sold and a benchmark price of $1,046,100, indicating a general trend of reduced activity across all property types.

Regional Highlights

Regionally, the increase in active listings to 13,545 represents a 37% rise above the 10-year seasonal average, signaling a shift in market dynamics. The overall inventory levels suggest that while demand remains subdued, the supply is ample, which may contribute to continued price stabilization in the near term. The market's current conditions indicate that buyers have more options available, potentially influencing their purchasing decisions as they navigate the landscape.

For Buyers

For prospective buyers, the current market conditions present an opportunity to negotiate more favorable terms due to the increased inventory and buyer market dynamics. It is advisable to conduct thorough research on property types and neighborhoods, and to remain flexible in negotiations, as sellers may be more open to offers than in previous years.

For Sellers

Sellers should consider the current market conditions carefully before listing their properties. With new listings down and a significant number of active listings available, it may be beneficial to price competitively and enhance property appeal to attract potential buyers. Engaging with a knowledgeable REALTOR® can provide insights into effective marketing strategies to navigate this buyer's market.