The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver* is currently $1,374,500. This represents a 1% increase from March 2022 and a a 18.9% increase from April 2021.

Specifically:

- The benchmark price for detached homes increased 1% from Mar 2022 and increased 20.8% from Apr 2021.

- The benchmark price for townhouses increased 1.1% from Mar 2022 and increased 25% from Apr 2021.

- The benchmark price for apartment/condos increased 1.1% from Mar 2022 and increased 16% from Apr 2021.

* Areas covered by the Real Estate Board of Greater Vancouver include: Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.

Copyright British Columbia Real Estate Association. Reprinted with permission