Vancouver begins the year on a high

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Some experts are predicting that the slowdown in Alberta could give an extra boost to the property market in British Columbia and so far this year BC is booming. The Greater Vancouver home price index for January was 8.4 per cent higher than a year earlier, reaching a record high of $1,010,000. Removing the top-end properties the benchmark HPI was up 5.5 per cent in a year to $641,600. The Real Estate Board of Vancouver’s data shows that sales were up 8.7 per cent from January 2014 with 1,913 properties sold. That figure is 14.9 per cent higher than the 10 year average for the month. Read the full story.

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