Vancouver housing prices are up 64% from last September but have remained stable due to the increased mortgage lending laws. Since last year the REBGV has indicated an increase of almost 100% of listings on the market.
The market is a good mix of buyers and sellers and properties that are priced well move quickly with sometimes multiple offers. Properties that are priced poorly sit for long periods of time and become stagnant and buyers lose interest.
The average benchmark home price in the Greater Vancouver area is set at $601,900.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.
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