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

Sales are down 42.5% from March 2022

New listings down 35.5% compared to March 2022

Total listings on the market up 8.1% compared to March 2022

Sales 28.4% below the 10 year seasonal average

Detached Market

• Benchmark price down 11.2%
• 23.3% sales to active ratio

Townhome Market

• Benchmark price down 7.8%
• 36.7% sales to active ratio

Condo Market

• Benchmark price down 4.6%
• 34.9% sales to active ratio