Vancouver housing market booming as B.C. reaps gain of Alberta residents

The Vancouver region’s housing market is off to a hot start for 2015 amid forecasts that Alberta’s pain will be British Columbia’s gain.

The home price index (HPI) in Greater Vancouver for single-family detached homes hit a record $1,010,000 in January, jumping 8.4 per cent from the same month in 2014. The benchmark HPI, which strips out the most expensive properties, reached a new high of $641,600 last month for detached homes, condos and townhouses sold on the multiple listing service, up 5.5 per cent over the past year.

Read full article HERE.

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