BC Real Estate Prices up 22 per cent from 2020 in Around Town
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The largest June year-over-year prices were recorded by real estate boards in Vancouver Island, the Fraser Valley and the Interior.
According to the BC Real Estate Association, home sales across BC are seeing above average activity, but the market is beginning to normalize. Home sales increased by 35 per cent compared to last year.
The Vancouver Island Real Estate Board reports the benchmark price of a single-family home in Campbell River hit $627,600 in June, up by 29 per cent from the previous year. The price in the Comox Valley was $756,400, a 30 per cent increase. The Parksville-Qualicum area also saw an increase of 30 per cent to $824,000. Both Port Alberni and the North Island increased by 41 per cent. The benchmark single-family home in Port Alberni reached $468,100, and the North Island hit $372,600.
Source: BCREA & VIREB July 2021.
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