Yah! A combination of measures means ….. party!!!!
"Vancouver Detached Market Climbs to 15 Months Worth of Inventory
… When studying comparable sales it is safe to conclude luxury home prices are about 25% lower than peak prices achieved back in early 2016. Entry-level detached homes are not quite as soft, particularly those with basement suites which can be used as mortgage helpers to help subsidize interest payments. The official home price index as per the real estate Board of greater Vancouver now shows detached homes in the city of Vancouver have declined 11.4% year-over-year. The median sales price shows a more aggressive and perhaps overly volatile decline of 23%, the average sales price is showing a 17.3% decline when compared to January 2018..."
https://vancitycondoguide.com/vancouver ... inventory/
Not so obvious two years ago?