May 2015 Housing Market Update

Metro Vancouver home sales continue to rise

The Real Estate Board of Greater Vancouver

The housing market update in May indicates it continues to be a competitive spring market for home buyers. As a result, this competition continues to put upward pressure on home prices, especially in the detached home market.

https://www.youtube-nocookie.com/embed/H6JzsfCHzbE?rel=0

  • The benchmark price for a detached property in Metro Vancouver increased 14.1% from May 2014 to $1,104,900.
  • The benchmark price of an apartment property increased 4.6% from May 2014 to $396,900.
  • The benchmark price of an attached unit increased 6.4% between May 2014 and 2015 to $501,000.

Source: Real Estate Board of Greater Vancouver

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