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

Sales are down 55.3% from January 2022

New listings down 20.9% compared to January 2022

Total listings on the market down 32.1% compared to January 2022

Sales 42.9% below the 10 year average for January

Detached Market

• Benchmark price down 9.1%
• 10.2% sales to active ratio

Townhome Market

• Benchmark price down 3%
• 13.4% sales to active ratio

Condo Market

• Benchmark price down 1.1%
• 16.7% sales to active ratio