Metro Vancouver's composite home price, including houses, condominiums and townhouses, fell 4.5 per cent in January from a year earlier to $1.02 million, the biggest decline since May 2013 and down about 8 per cent from the June 2018 peak, according to the Real Estate Board of Greater Vancouver.
Dinani, who's been in the business for 14 years, says there are fewer speculative investors, and foreign buyers have really pulled back. "And what local buyer has $6 million, $7 million to put towards a home?" he said.