Vancouver Housing Market Stays Stuck

February transactions totaled 1,648, nearly 29% below the 10-year seasonal avg.
Composite benchmark price slipped to $1,100,300, ↓6.8% yearly and ↓0.1% from January.
Sales-to-active-listings ratio was 12.6%; detached 9%, attached 16.6%, apartments 14.1%.
New listings totaled 4,734, ↓6.4% yearly; inventory hit 13,545, ↑6.3% yearly and ↑37% vs 10-year norm.
spring is the litmus test; a demand pick-up could stall inventory and support prices near current levels.