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

Greater Vancouver REALTORS — February 2026

In February 2026, the Greater Vancouver real estate market sees a composite benchmark price of $1,100,300, reflecting a 6.8% decrease year-over-year. Total sales reach 1,648, marking a 9.8% decline from February 2025, while active listings rise to 13,545, indicating a shift towards a buyer's market.

Market Analysis

The Greater Vancouver real estate market continues to experience slower sales, with February 2026 sales falling 9.8% compared to the previous year. This trend is underscored by a total of 1,648 residential sales, which is significantly below the 10-year seasonal average of 2,310. The months of inventory stands at 8.2, indicating that the current supply of homes is outpacing demand, a condition that typically favors buyers. The sales-to-active listings ratio is at 12.6%, further confirming the buyer's market dynamics, as a ratio below 12% suggests downward pressure on home prices over time.

Property Type Analysis

When examining property types, detached homes see a benchmark price of $1,835,900, down 8.8% from February 2025, with sales declining by 10.5% to 427 units. In contrast, the attached/townhouse segment shows a benchmark price of $1,046,100 with 387 sales, while the apartment market, with a benchmark price of $708,200, accounts for the highest sales volume at 824 units, albeit down 15.6% year-over-year. This disparity highlights the varying levels of demand across different property types, with apartments still leading in sales despite the overall market slowdown.

Regional Highlights

Regionally, the inventory levels have increased by 6.3% compared to February 2025, with active listings now at 13,545. This rise in inventory, particularly in the apartment segment, has contributed to a more balanced market, as fewer sellers are listing their homes compared to last year. The decline in new listings, down 6.4% from the previous year, suggests that sellers may be hesitant to enter the market, potentially stabilizing prices if demand picks up in the spring.

For Buyers

For prospective buyers, the current market conditions present an opportunity to negotiate favorable terms. With a higher months of inventory and a buyer's market prevailing, buyers should take the time to explore various properties and consider making offers that reflect current market pricing, especially as sellers may be more open to negotiations.

For Sellers

Sellers are advised to carefully consider their listing strategy in this current market. With fewer new listings and a growing inventory, it is crucial to price homes competitively to attract buyers. Engaging with a knowledgeable REALTOR® can help sellers navigate the complexities of the market and position their properties effectively to achieve optimal results.