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Metro Vancouver home buyers set a record pace in February

VANCOUVER, B.C. – March 2, 2016, – Last month was the highest selling February on record for the Metro Vancouver* housing market.

Sales of detached properties in February 2016 reached 1,778, an increase of 37% from the 1,296 detached sales recorded in February 2015. The benchmark price for detached properties increased 27% from February 2015 to $1,305,600.

Sales of apartment properties reached 1,790 in February 2016, an increase of 44% compared to the 1,244 sales in February 2015.The benchmark price of an apartment property increased 18% from February 2015 to $454,600.

Attached property sales in February 2016 totalled 604, an increase of 16% compared to the 521 sales in February 2015. The benchmark price of an attached unit increased 17% from February 2015 to $569,600.

(source: Real Estate Board of Greater Vancouver)