Less than 5 months indicate a seller's market and more than 8 months indicate a buyer's market.  Months of Inventory rose from 3.8 to 9.8 year-over-year in Greater Vancouver hence going from a seller's market to buyer's market in just a year.  This is the single largest change in MOI since 2010 for month of January.

This places the current MOI at par with MOI in January, 2013 as the 2nd worse MOI seen in recent times.