From a real estate perspective, it's a lukewarm start to the year compared to 2016.  While we saw a near record-breaking sales at this time last year, home buyers and seller are more reluctant to engage so far in 2017.  Conditions within the market vary depending on property type.  The townhouse and condo markets are more active than the detached market at the moment.  As a result, detached home prices declined about 7% since peaking in July while townhouse and condo prices held steady over this period.

For more in-depth information on Feburary's market, please click below:

Greater Vancouver:  REBGV January 2017 Stats Package

Fraser Valley:  FVREB January 2017 Stats Package