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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