Real Estate Market Report | Vancouver | February 2026
Demand Pulls Back as Supply Expands Sharply
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So what's happening in the Vancouver real estate market as of February 2026?
January conditions show a decisive shift toward buyer leverage. New listings are 17 percent above the five year January average, while sales are down 25 percent. Inventory has increased 41 percent, pushing months of supply up 67 percent. The overall benchmark price is $1,101,900, rising 1.80 percent month over month and 0.19 percent year over year. While pricing has held, weaker absorption and elevated supply suggest momentum has cooled significantly compared to prior peak demand periods.
Vancouver's Detached Homes
Detached supply continues to expand. New listings are 20 percent above the five year January average, while sales are down 24 percent. Inventory has risen 32 percent, increasing months of supply by 56 percent. The benchmark price is $1,858,900, up 0.82 percent month over month but down 1.40 percent year over year. Detached values remain elevated, though annual declines indicate growing resistance at higher price points as buyers exercise increased caution.
Vancouver's Condomimums
Condominium conditions reflect notable demand contraction. New listings are 6 percent above the five year January average, while sales have dropped 31 percent. Inventory is up 32 percent, pushing months of supply 69 percent higher. The benchmark price is $704,600, up 0.65 percent month over month but down 10.15 percent year over year. The year over year decline highlights sustained pricing pressure despite short term monthly stabilization.
Vancouver's Attached Homes
The attached segment presents a mixed profile. New listings are 44 percent above the five year January average, while sales are down 9 percent. Inventory has climbed 58 percent, and months of supply is up 60 percent. The benchmark price is $1,043,400, rising 6.02 percent month over month and 4.20 percent year over year. Strong monthly gains suggest renewed activity in this segment, though elevated supply levels warrant close monitoring into spring.
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