- For detached homes in the Metrotown area the sales to listings ratio was 14% - A buyers market;
- For attached homes in the Metrotown area, Townhomes and Duplex/Triplex etc..., the ratio was 32% - closer to a balanced market but still in favour of the buyers;
- And for condos in the Metrotown area the sales to listings ratio was 14% - a buyers market.
A sales to active listings ratio measures the balance between supply and demand. A ratio of less than 7 sales for every 20 listings represents a buyers market (less than 35%) while a ratio of 3 sales for 5 listings represents a seller's market (greater than 60%). In between 35%-60% it is said to be a balanced market.