March home sales through the roof in Vancouver area amid rapidly rising prices - News Summed Up

March home sales through the roof in Vancouver area amid rapidly rising prices


Sales of Vancouver-area homes continued at a record setting pace in March, according to the Real Estate Board of Greater Vancouver. Rural and suburban areas experienced the biggest spikes with South Delta leading the way with a 196 per cent increase in March year-over-year. Whistler was next with 195 per cent growth, then Squamish with an increase of 188 per cent in sales. The benchmark price of an apartment is $715,800, an increase of 3.7 per cent from March 2020 and 2.6 per cent increase from the previous month. The benchmark price of an attached home is $872,200, representing a 10.4 per cent increase from March 2020 and a 3.9 per cent rise over February 2021.


Source: CBC News April 02, 2021 18:22 UTC



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