highlights • N ovem berm arked the8th straightm onth ofdecliningsalescountsin theVancouverRegion,with the2,409 salesfalingshortofthe3,000-threshold forthe5th consecutivem onth.Lastm onth was alsothesecond-lowestcountofsalesin anyN ovem berin 20 years(2008 beingtheexception), w ith saleslow erby 39% versusthepast-decadeaverage. • M uch,butnotal,oftheO ctober-to-N ovem berdeclinewasseasonal,with the13% drop-of in salesthisyearcom paring to am oretypical10% decline.M onth-to-m onth townhom esalesfel the m ostam onghom etypes,at20% (to415),com pared toO ctober.Condosalesdropped by12% (to 1,124),whiledetached hom essalesdeclined by11% (to804). • Com pared toN ovem ber2021–when theregion talied m orethan 5,300 (thesecond-highestever recorded)sales,lastm onth’scountswereseverelydepres ed.Townhom essalesweredown the m ost,at57%,versuslastyear,folowed bydetached hom es(55% down)and condos(54% down).
THERENNIEADVANCE sales
NOVEMBER 202
4,000
- 55% vsN ov2021
3,500
3,000
2,500
2,000
1,562 10 yrNovAvg
1,500
1,000
DETACHED sales
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500 804
- 49% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
- 57% vsN ov2021
1,000 1,200 1,400 1,600
730 10 yrNovAvg
200 400 600 800
TOWNHOME sales
415
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
- 43% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
3,500
- 54% vsN ov2021
3,000
2,500
2,000
1,555 10 yrNovAvg
1,500
1,000
CONDO sales
1,124
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500
- 28% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
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