The latest Teranet-National Bank data shows prices in the region have fallen 3.2 per cent over the last six months
Metro Vancouver housing prices saw a “marked retreat” in January, in part responsible for pulling down national numbers.
It’s the region’s sixth consecutive month without a composite price gain – a trend that adds up to a 3.2 per cent cumulative decline in prices over that period, according to the Teranet-National Bank National Composite House Price Index.
Weakness in Canada’s west is responsible for a 0.1 per cent month-to-month index decline nationally. That index hasn’t seen an increase in five consecutive months, the longest such streak since March 2013.
Price indices in the metropolitan regions of Edmonton (-0.8 per…