Home buyers paid even higher prices for real estate in B.C.’s Lower Mainland in April.
Data released by local real estate boards show the benchmark price of detached houses climbed by four to five per cent from March.
The April benchmark prices of $1.4 million in Greater Vancouver (which excludes Surrey, North Delta and White Rock) and $776,000 in the Fraser Valley represent a one-year price gain of 30 per cent in both regions.
The biggest one-month price gains were seen in Mission (up 7.6 per cent), South Burnaby (up 6.9 per cent) and South Surrey (up 6.6 per cent.) The biggest price increase from one year ago was in Tsawwassen, up 41 per cent.
Explore our interactive chart below to see more detail on how house prices have changed for individual cities over time.
Both real estate boards reported record high sales in April.
Benchmark prices of townhouses were $353,300 across the Fraser Valley in April, up 17.6 per cent from a year ago, while apartments were up 15 per cent year-over-year to $219,900.
In the Greater Vancouver area, townhouses were up 22 per cent from one year ago to $608,600, while apartments were up 20.6 per cent to $475,000.