Metro Vancouver Apartment Sales Fall 18.6%

In Late-Q3, Metro Vancouver recorded 1.7K home sales, ↓~8% yearly and 25% below the 10-yr seasonal avg., as apartments weakened activity overall.
Apartment sales ↓~19% in Late-Q3, while detached and attached homes held firmer, leaving the market clearly split across Vancouver property types overall.
New listings ↓~10% yearly to 5.9K in Late-Q3, but remained ~6% above the 10-yr avg.; active inventory reached 16.4K, still ~24% above long-term norms.
The sales-to-active listings ratio sat near 11% in Late-Q3, below the 12% level that historical Vancouver data linked to sustained price pressure.
Metro Vancouver's benchmark price was near $1.08M in Late-Q3, ↓~6% yearly and slightly MoM; cumulative small shifts left all segments ↓~3% since year-start.