The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver* is currently $1,180,500. This represents a 2.2% decrease from July 2022 and a 7.4% increase from August 2021.

Specifically:

- The benchmark price for detached homes decreased 2.3% from July 2022 and increased 7.9% from Aug 2021.

- The benchmark price for townhouses decreased 2.5% from July 2022 and increased 12.7% from Aug 2021.

- The benchmark price for apartment/condos decreased 2% from July 2022 and increased 8.7% from Aug 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.