Greater Vancouver REALTORS Market Report for February 2026: Balanced Conditions Persist

Greater Vancouver REALTORS (HPI) — February 2026

In February 2026, the Greater Vancouver real estate market maintains a balanced condition with a composite benchmark price of $1,122,200, reflecting a year-over-year increase of 2.9%. Total sales for the month reached 40, a significant rise from just 11 sales in January 2026.

Market Analysis

The Greater Vancouver real estate market continues to exhibit balanced conditions as of February 2026, with a composite benchmark price of $1,122,200. This represents a 2.9% increase compared to February 2025, indicating a steady appreciation in property values despite the relatively low sales volume of 40 transactions this month. The market's balance suggests that supply and demand are relatively aligned, which may provide stability for both buyers and sellers moving forward.

The increase in sales from January 2026, where only 11 transactions occurred, highlights a potential resurgence in buyer interest. However, without complete data on new and active listings, it remains challenging to fully assess the supply side of the market. The current dynamics suggest that while there is a healthy demand, the availability of properties may be influencing the overall sales performance.

Property Type Analysis

In February 2026, the benchmark prices for various property types are as follows: detached homes at $1,769,800, attached/townhouses at $980,200, and apartments at $583,600. While specific sales figures for each category are not available, the price trends indicate that detached homes continue to command a premium, reflecting their desirability in the current market. The significant price difference between property types suggests that buyers may need to consider their budget and lifestyle preferences when navigating the market.

Regional Highlights

Regional trends within Greater Vancouver show a consistent appreciation in property values, with the composite benchmark price increasing from $1,090,100 in February 2025 to the current $1,122,200. This upward trajectory may be attributed to various factors, including population growth and continued demand for housing in the area. However, the lack of detailed data on active and new listings limits the ability to fully understand the regional supply landscape and its impact on pricing and sales activity.

For Buyers

Potential buyers in the Greater Vancouver market should remain vigilant and prepared to act quickly, as the balanced conditions may lead to competitive bidding situations, especially for desirable properties. It is advisable to have financing pre-approved and to work closely with a knowledgeable REALTOR® to identify suitable listings that meet their criteria.

For Sellers

Sellers are encouraged to take advantage of the current balanced market conditions by pricing their properties competitively and ensuring they are in good condition for showings. With the benchmark price showing a year-over-year increase, this may be an opportune time to list, especially if they are looking to capitalize on the appreciation in property values.