Province
House prices in the Greater Vancouver region hit record highs in March. The Real Estate Board of Greater Vancouver said its benchmark price for all residential properties jumped 20.3 per cent to $584,435 from $485,845 the same month a year earlier.
“This price is 2.8 per cent above the previous high point in the market in May 2008 when the residential benchmark price sat at $568,411,” it said. Sales of all property types climbed 38.5 per cent last month from March 2009, and 4.7 per cent from March 2008, it said.
The Fraser Valley Real Estate Board said its benchmark price for detached homes in March rose 11.9 per cent to $514,787 from $459,841 for the same month a year earlier.
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