Vancouver Real Estate, Market Summary - December 2022
December 2022 Key Statistics & Summary Link
AVERAGE HOME PRICE INDEX: $1,114,300
MEDIAN DAYS ON MARKET: 25
SALES-TO-ACTIVE RATIO: 19% (BALANCED Market)
“The headline story in our market in 2022 was all about inflation and the Bank of Canada’s efforts to bring inflation back to target by rapidly raising the policy rate. This is a story we expect to continue to make headlines into 2023, as inflationary pressures remain persistent across Canada.”