What happened in February 2023 in the Greater Vancouver Housing Market?

Sales are down 47.2% from February 2022

New listings down 36.6% compared to February 2022

Total listings on the market down 16.7% compared to February 2022

Sales 33% below the 10 year average for February

Detached Market

• Benchmark price down 12%
• 16.8% sales to active ratio

Townhome Market

• Benchmark price down 6.3%
• 30.1% sales to active ratio

Condo Market

• Benchmark price down 3%
• 25.8% sales to active ratio