Sales of homes in Greater Vancouver increased 31.7 per cent in the year to January, making it the second best January ever at 46 per cent above the 10-year average for the month. Sales were also up more than 10 per cent from December 2015 with 2,519 units sold. There was a 6.2 per cent drop in new listings in the month.
Sales of detached homes increased 34.1 per cent from the previous January to 1,047 and the benchmark price was $1,293,700, a 27.9 per cent increase from January 2015. Apartment sales were up 35.5 per cent year-over-year to 1,096 and prices increased by 19.4 per cent to $456,600.
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