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

Sales are up 15.7% from May 2022

New listings down 11.5% compared to May 2022

Total listings on the market down 10.5% compared to May 2022

Sales 1.4% below the 10 year seasonal average

Detached Market

  • Benchmark price down 6.7%
  • 28.5% sales to active ratio

Townhome Market

  • Benchmark price down 4.7%
  • 45% sales to active ratio

Condo Market

  • Benchmark price down 2%
  • 45.5% sales to active ratio

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