It's not news to anyone in search of a property, for living or investing, that the Vancouver residential real estate market continues to be red-hot. Recent data released by the Real Estate Board of Greater Vancouver (REBGV) confirms this, with residential property sales up 24% in March over February's numbers. In fact, March was the highest-selling month the REBGV ever recorded according to president Dan Morrison.
Benchmark pricing for all residential properties across Metro Vancouver is placed at $815,000, a 23.2% hike in just the last year. Average detached properties soared to above $1.34 Million in the same period (a leap of over 27%).
For your reading pleasure, please click here for the latest edition of the Rennie Review. Inside you'll find valuable at-a-glance statistics and insights on the local Vancouver, Greater Vancouver and Lower Mainland real estate market.