highlights • Therewere2,677 M LS salesin theVancouverRegion in February,an increaseof65% com pared to January,and thefirstincreasein salescountsin fourm onths.D espitethis,totalsalesrem ained 36% below thepast10-yearaverageforthem onth,with lastm onth’scountbeingthethird-lowest foranyFebruaryin thepast10 years. • The65% m onth-over-m onth jum p in saleswasm orethan thetypicalseasonalincreaseof48%, and islargely afunction ofJanuary having talied thesecond-few estsalesforthatm onth since 2001.Townhom esalesincreased by89%,folowed bydetached hom es(+63%),and condos(+58%). • Com pared toFebruary2022,lastm onth’ssalesweredown by48%.D etached hom esweredown them ost(by52%),folowed bycondos(down 49%),and townhom es(down 41%).
THERENNIEADVANCE sales
FEBRUARY 2023
4,000
- 52% vsFeb2022
3,500
3,000
2,500
2,000
1,681 10 yrFebAvg
1,500
839
1,000
DETACHED sales
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0 500
- 50% vs10yrFebAvg
﹍ 10 yrFebruaryAverage
● February
- 41% vsFeb2022
1,000 1,200 1,400 1,600
773 10 yrFebAvg
200 400 600 800
548
TOWNHOME sales
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0
- 29% vs10yrFebAvg
﹍ 10 yrFebruaryAverage
● February
3,500
- 49% vsFeb2022
3,000
2,500
2,000
1,622 10 yrFebAvg
1,220
1,500
1,000
CONDO sales
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0 500
- 25% vs10yrFebAvg
﹍ 10 yrFebruaryAverage
● February
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