Vancouver Home Prices Continue to Rise
“Until more entry level, or ‘missing middle’, homes are available for sale in our market, we’ll likely continue to see prices increase,” says Jill Oudil, Real Estate Board of Greater Vancouver (REBGV) president. “There’s been record building this past year, but much of that inventory isn’t ready to hit the market."
While detached homes took a slight price hit over the winter before recently recovering , condos and townhouses stayed strong. According to the REBGV, over the last three months, the benchmark price of condominiums has seen the largest increase in the region at 8.2 percent, followed by townhomes at 5.3 percent, and detached homes at 2.8 percent.
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