The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver* is currently $1,313,400. This represents a 4.6% increase from January 2022.

Specifically:

- The benchmark price for detached homes increased 4.7% from Jan 2022 and increasd 25% from Feb 2021.

- The benchmark price for townhouses increased 5.9% from Jan 2022 and increased 27.2% from Feb 2021.

- The benchmark price for apartment/condos increased 4.1% from Jan 2022 and increased 15.9% from Feb 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