FEBRUARY 2020 MARKET INSIGHT

Home buyer demand again saw strong year-over-year increases in February while the total inventory of homes for sale struggled to keep pace.

This was most pronounced in the condominium market.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,020,600. This represents a 0.3 per cent increase over February 2019 and a 2.7 per cent increase over the past six months.