Vancouver shifting to more ‘balanced’ housing market as inventory rises: Board

The Real Estate Board of Greater Vancouver reported that in September 2023, there was an increase in new listings of 28.4% year-over-year, helping to bring some balance back to the region's housing market. There was also a 13.2% increase in sales from the same month last year, but the total was still 26.3% below the 10-year seasonal average. The composite benchmark home price for Metro Vancouver was $1,203,300, a 4.4% increase from September 2022. The board's director of economics and data analytics stated the upward shift in new listings has allowed overall inventory levels