September 11, 2014
Vancouver Home Prices in August 2014 (infographic)
The Metro Vancouver housing market was an August record with sales up 4.3% above the 10 year sales average for August.
Vancouver residential property sales were up 10.2% versus August 2013. Metro Vancouver is a region that is accustomed to strong sales growth however the 5% increase in price (bringing the average residential house price to $631,600) is a modest gain for the region. House price inflation is mainly attributed to detached homes which posted a 10% increase in sales and 6.6% price increase bringing the average price of a detached home to $984,399.
Check out the breakdown for homes sold in Vancouver.