What happened in May 2022 in the Greater Vancouver Housing Market?

Sales are down 31.6% from May 2021

New listings down 10.5% compared to May 2021

Total listings on the market down 8.8% compared to May 2021

Sales 12.9% below the 10 year average for May

Detached Market

• Benchmark price up 15% from May 2021
• 18.3% sales to active ratio

Townhome Market

• Benchmark price up 15% from May 2021
• 35.5% sales to active ratio

Condo Market

• Benchmark price up 21.5% from May 2021
• 38.1% sales to active ratio