Real estate sales on the upswing in Greater Vancouver
The Real Estate Board of Greater Vancouver has reported a 30.3 percent increase in home sales in January compared to the same month in 2013.
The 1,760 transactions through the Multiple Listing Service in January were also 7.2 percent above the 10-year average.
New listings in January reached 12,602, which was 17.7 percent above the 10-year average.
The benchmark price for residential properties stood at 606,800.
The Real Estate Board of Greater Vancouver does not include Surrey and Langley, which are part of the Fraser Valley Real Estate Board.
On Vancouver's West Side, the benchmark price for a detached home was $2.14 million, compared to $869,000 on the East Side.
The benchmark price for an apartment on the West Side was $482,300, compared to $308,300 on the East Side.