Around Town: Single-family benchmark price surpasses $500,000 in May

Around Town: Single-family benchmark price surpasses $500,000 in May

The benchmark price of a single-family home in the Vancouver Island Real Estate Board (VIREB) area broke the $500,000 mark in May, rising to $507,700, a 17 per cent increase from one year ago. Sales of single-family homes were down 17 per cent from last year but...