Inventory remains low in Metro Vancouver while home sales dipped well below monthly historical averages in January.

Looking forward, however, the Bank of Canada has said it will pause further rate increases as long as the incoming economic data continues to support this policy stance. This should provide more certainty for home buyers and sellers in the market.

Here's a summary of the January 2023 housing market statistics.

Looking for the full story? Get the January 2023 Monthly Market Report by going to the Market Watch section of our site.