Greater Vancouver REALTORS Market Report for February 2026: Benchmark Price Declines 7.6% Year-Over-Year

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the composite benchmark price for Greater Vancouver real estate is $1,058,000, reflecting a 7.6% decrease from the same month last year. Total sales reached 143, up from 129 in January 2026, indicating a slight increase in market activity.

Market Analysis

The Greater Vancouver real estate market continues to show signs of a buyer's market as inventory levels rise and benchmark prices decline. With 507 new listings in February, the supply of homes available for sale is increasing, contributing to a sales-to-new-listings ratio (SNLR) of 28.2%. This ratio suggests that while sales are improving compared to the previous month, the market remains tilted in favor of buyers, who have more options to choose from than in recent months.

Property Type Analysis

When examining property types, the benchmark price for detached homes stands at $1,987,200, while attached/townhouse properties are priced at $1,031,600, and apartments at $672,700. The significant price difference between detached homes and other property types highlights the ongoing demand for more affordable housing options, particularly among first-time buyers and those looking to downsize.

Regional Highlights

Regional trends indicate that while the overall market is experiencing a downturn in prices, specific neighborhoods may exhibit varying degrees of resilience. Areas with strong community amenities and access to transit continue to attract buyers, suggesting that location remains a critical factor in purchasing decisions. The increase in new listings may also lead to more competitive pricing in certain segments of the market.

For Buyers

For buyers, this may be an opportune time to enter the market, especially with the current benchmark prices showing a decline. Prospective homeowners should consider their long-term needs and take advantage of the increased inventory to negotiate better terms and prices.

For Sellers

Sellers are advised to remain realistic about pricing in the current market conditions. With a significant year-over-year price drop, it is crucial to set competitive prices to attract buyers while ensuring homes are well-presented and marketed effectively to stand out in a growing pool of listings.