In August 2018, home buyer demand in Metro Vancouver declined significantly, with residential sales dropping 36.6% from the previous year, and overall sales remaining below historical averages. The real estate market saw increased active listings but decreased benchmark prices across all property types, indicating a market with less competition for buyers. The average benchmark price for residential properties in the region was reported at $1,083,400, reflecting modest increases year-over-year while showcasing recent declines since May 2018.