Residential Property Sales in Greater Vancouver 2010-2016:
There’s no cooling of the local housing market.
Last month was the highest selling February on record for Metro Vancouver housing sales.
We recorded more than 4100 residential property sales, a 36% spike from the same month in 2015.
The real estate board says “sustained home buyer competition is driving up prices across the region.”
The benchmark price for all residential properties in Metro Vancouver is now $795,000, a 22% increase compared to last year.