News
Vancouver State of Market

Why Now Is a Good Time to List: House Price Tops $1M

Stiff competition among buyers will continue to put upward pressure on the price of real estate this spring, Real Estate Board of Greater Vancouver president Darcy McLeod says. Multiple offer situations helped push the benchmark price for a detached property in Metro Vancouver last month to $1.05M (the benchmark price for all residential properties was $660,700, a 7.2% increase over last March). There are just over 12,000 properties available for sale at the moment, well below what's typical for this time of year and a 14.5% decline from last March, Darcy notes.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Vancouver Newsletters
Related Stories

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Equinix Ramps Up Spending Plans Amid Faster-Than-Expected AI Shift

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI