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The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver* is currently $1,199,400. This represents a 14.7% increase from October 2020 and 1.1% increase compared to September 2021.
Specifically:
- The benchmark price for detached homes increased 1.2% from Sep 2021 and increasd 20.5% from Oct 2020.
- The benchmark price for townhouses increased 1.2% from Sep 2021 and increased 18.5% from Oct 2020.
- The benchmark price for apartment/condos increased 1.1% from Sep 2021 and increased 9.5% from Oct 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.
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