VANCOUVER — Metro Vancouver's blistering housing market shows no signs of cooling as March home sales reach record-breaking figures.
Numbers from the Real Estate Board of Greater Vancouver show nearly 5,200 residential properties were sold last month, a hike of 24 per cent over February, and 56 per cent above the 10-year sales average the month.
Board president Dan Morrison says March was the highest selling month in the organization's history, and that activity touches every neighbourhood in the region.
A release from the Real Estate Board of Greater Vancouver also shows new listings for all types of properties, from apartments to detached homes, continue to climb compared with last month.
The composite benchmark price for all residential properties across Metro Vancouver is $815,000, a 23 per cent hike in one year, while the average price for detached properties soared to more than $1.3-million, up 27 per cent.
The real estate board covers property sales from South Delta north to Whistler and from Vancouver east to Maple Ridge, but does not include North Delta, Surrey or Langley.
