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Greater Vancouver condo prices just hit $700,000

Article by Kerissa Wilson

Although Greater Vancouver condo sales fell year-over-year in April, prices continued to climb surpassing the $700,000 mark for the first time.

Last month, the benchmark price of a condo hit $701,000, a roughly 24 per cent increase from a year ago when prices sat at $554,100, according to the latest data from the Real Estate Board of Greater Vancouver (REBGV), published this week. Condo prices were also up one per cent from March 2018 when the benchmark price was $693,500. Continue reading