British Columbia

New figures show massive growth in Metro Vancouver real estate prices

The growth in Vancouver's real estate market is highlighted in a new survey released by Royal LePage - and the numbers seem almost unreal.

House price survey finds 25% growth in just one year in some sectors

House prices jumped by about 25 per cent in some Vancouver sectors in just a single year. (Robson Fletcher/CBC)

The rapid price increases in Vancouver's real estate market are highlighted in a new survey released by Royal LePage - and the numbers seem almost unreal.

The survey shows the average price of a Metro Vancouver two storey house jumped to 23.6 per cent in one year, to $1.42 million.

Detached bungalows increased by a whopping 25.7 per cent, to an average price of $1.12 million.

Condominium prices shot up 9.5 per cent to an average price of $487,300.

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