The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver* is currently $1,230,200. This represents a 17.3% increase from December 2020.

Specifically:

- The benchmark price for detached homes increased 2.1% from Nov 2021 and increasd 22% from Dec 2020.

- The benchmark price for townhouses increased 1.5% from Nov 2021 and increased 22% from Dec 2020.

- The benchmark price for apartment/condos increased 1.2% from Nov 2021 and increased 12.8% from Dec 2020.

* 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.