British Columbia: All Cities with New Home Developments

According to MLS® Home Price Index, the residential properties’ benchmark price in October 2020 in different regions of BC Province are:

GREATER VANCOUVER:

• Single Family Detached: $1,523,800. This represents an 8.5 percent increase from October 2019 and a 1.1 percent increase compared to September 2020.
• Townhomes: $813,000. This represents a 4.4 percent increase from October 2019 and is unchanged compared to September 2020.
• Condos / Apartments: $683,500. This represents a 5.4 percent increase from October 2019 and a 0.4 percent increase compared to September 2020.

* Areas covered by the Real Estate Board of Greater Vancouver include Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.

FRASER VALLEY:

• Single Family Detached: At $1,046,900 the Benchmark price for a single-family detached home in the Fraser Valley increased 1.4 percent compared to September and, increased 9.9 percent compared to October 2019.
• Townhomes: At $569,200, the Benchmark price for a townhome in the Fraser Valley increased 0.3 percent compared to September and increased 5.0 percent compared to October 2019.
• Condos / Apartments: At $434,600, the Benchmark price for apartments/condos in the Fraser Valley decreased by 0.5 percent compared to September and increased 4.2 percent compared to October 2019.

* Areas covered by the Real Estate Board of Fraser Valley include North Delta, Surrey, White Rock, Langley, Abbotsford, and Mission.

VICTORIA:

• Single Family Detached: $879,600.
• Row / Townhouse: $512,300.
• Condo / Apartment: $689,300.

* Victoria Real Estate Board

VANCOUVER ISLAND:

The benchmark price of a single-family home hit $536,500 in October, an increase of three percent year over year and two percent lower than in September. The year-over-year benchmark price of an apartment rose by three percent, hitting $304,200 but down by two percent from the previous month. The benchmark price of a townhouse rose by nine percent year over year, climbing to $438,200 and an increase of one percent from September.

In Campbell River, the benchmark price of a single-family home hit $468,300, an increase of five percent over last year. In the Comox Valley, the benchmark price was $534,300, a slight increase from one year ago. Duncan reported a benchmark price of $498,400, an increase of three percent from October 2019. Nanaimo’s benchmark price decreased slightly to $558,100, while the Parksville-Qualicum area saw its benchmark price increase by six percent to $619,600. The cost of a benchmark single-family home in Port Alberni reached $339,900, up by two percent from one year ago. For the North Island, the benchmark price reached $229,000, a 15 percent increase over last year.

* Vancouver Island Real Estate Board