Vancouver Homebuyers Enjoy More Choices as Sales Slow

Metro Vancouver's housing market in February saw a 9.8% drop in sales from the previous year and prices declined 6.8% annually to a composite benchmark of $1,100,300. New listings fell 6.4%, while total inventory rose 6.3%, offering more choices despite fewer fresh listings. Detached and apartment sales declined, but attached property sales increased. Many buyers are delaying purchases due to high interest rates and affordability concerns.