February 2026 Vancouver Market Data
Vancouver buyers have more leverage right now than they have had in years. That is not a sales pitch. It is what the February 2026 GVR data shows when you break it down by neighbourhood and property type.
Across Vancouver East and Vancouver West, 51 out of 104 neighbourhood and property type combinations are currently in buyer’s market territory, meaning supply is outpacing demand and buyers potentially have real room to negotiate on price, conditions, and terms.
What a Buyer’s Market Actually Means
The Sales-to-Active Listing Ratio (SALR) measures sales as a percentage of active listings in a given month. When that number drops below 12%, the Greater Vancouver Realtors classify the market as a buyer’s market. At that level, sellers are competing for a smaller pool of buyers, which tends to produce more negotiable pricing, longer listing periods, and greater willingness to work with buyers and the offers they make.
Where Buyers Have the Most Leverage Right Now
The deepest buyer’s market pockets in February are in the detached segment, particularly in Vancouver West. Shaughnessy detached recorded an SALR of just 3.6%, with 83 active listings and only 3 sales. Coal Harbour condos came in at 3.7% with 107 active listings and 4 sales. Both are statistically reliable given the listing volume involved.
Other notable buyer’s market pockets this month include:
- Cambie Townhomes: 1.8% SALR
- South Granville Detached: 5.0% SALR
- Collingwood VE Detached: 4.8% SALR
- Marpole Detached: 4.8% SALR
- Renfrew Heights Detached: 4.9% SALR
- University VW Condos: 7.9% SALR
What This Means If You Are Thinking About Buying
A buyer’s market does not mean every property is a deal. Overpriced listings exist in any market. What it does mean is that you have time, options, and negotiating room that simply did not exist during the peak years. Properties are sitting longer. Sellers are more flexible. And with 51 buyer’s market pockets across the city, there is meaningful inventory to work with.
The risk in a buyer’s market is waiting too long. Conditions can shift quickly, particularly if interest rates move or spring inventory tightens. The buyers who position themselves now, with financing in place and a clear sense of their target neighbourhoods, are the ones best placed to act when the right property comes to market.
If you want to know the current SALR for the neighbourhood and property type you are targeting, reach out. I pull this data every month and can give you a clear picture of where you stand before you make any decisions.
Please reach out to Mike Rampf or Glenn Feldstein
Mike Rampf
Phone Number: 604.616.0115
Email: Mike@thenextdoor.ca
Glenn Feldstein
Phone Number: 604.782.7545
Email: Glenn@thenextdoor.ca