Greater Vancouver REALTORS February 2026 Market Report: Benchmark Price Declines 7.8% Year-Over-Year

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the composite benchmark price for Greater Vancouver real estate is $997,300, reflecting a 7.8% decrease from February 2025. The market recorded a total of 162 sales and 416 new listings, indicating a shift towards a buyer's market.

Market Analysis

The Greater Vancouver real estate market continues to experience downward pressure on prices, with the composite benchmark price decreasing from $1,000,400 in January 2026 to $997,300 in February 2026. This decline is indicative of a broader trend, as the benchmark price has fallen 7.8% compared to the same period last year. The sales-to-new-listings ratio (SNLR) stands at 38.9%, suggesting that while new listings are entering the market, buyer demand remains subdued, contributing to the current buyer's market conditions.

Property Type Analysis

When examining property types, the detached homes have a benchmark price of $1,610,900, while attached/townhouses are priced at $998,400, and apartments at $671,000. Although specific sales data for each category is not available this month, the overall trend indicates that buyers are gravitating towards more affordable options, likely impacting the performance of detached homes compared to lower-priced attached and apartment units.

Regional Highlights

Regionally, the market dynamics reflect a growing inventory of new listings, with 416 new properties added in February. This increase in supply, coupled with a relatively low number of sales at 162, underscores the challenges buyers face in navigating a market that is still adjusting to previous price peaks. The current conditions may favor buyers who are patient and strategic in their approach.

For Buyers

For buyers in the Greater Vancouver market, this is an opportune time to explore options, especially given the current buyer's market conditions. With a higher number of new listings and a decrease in benchmark prices, prospective buyers should consider negotiating offers and taking advantage of the increased selection available.

For Sellers

Sellers should be mindful of the current market dynamics, as the decrease in benchmark prices and the increased number of new listings suggest a competitive landscape. It is advisable for sellers to price their properties competitively and be prepared for negotiations, as buyers may be more discerning in their choices.