Vancouver Homebuyers Gain More Options As Prices Ease

Greater Vancouver home prices fell 0.6% in September to $1.08 million, down 5.5% from last year and 14.1% since 2022 peak, reaching the lowest level since March 2021. Sales dropped 8.2% to 1,720, the weakest September since 2022, while new listings remained high at 5,850. The sales-to-new listings ratio was 29%, indicating a buyer’s market with potential for further price declines amid elevated inventory.