Torrid Vancouver housing market sets sales record in May

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      The Real Estate Board of Greater Vancouver's latest numbers indicate that there's been no slowdown in home sales.

      In May, there was a record 4,769 transactions, up 17.6 percent from the same month in 2015.

      According to the REBGV, sales in May were 35.3 percent above the 10-year sales average for the month.

      The REBGV does not include Langley, Surrey, North Delta, and White Rock, which are all part of the Fraser Valley Real Estate Board.

      The benchmark price for homes in the REBGV's territory reached $889,100, which is a 29.7 percent hike over May 2015.

      On the West Side of Vancouver, the benchmark price for a detached single-family home exceeded $3.4 million in May.

      The next-highest benchmark price for a detached home was in West Vancouver at more than $3.1 million.

      The lowest benchmark price was $187,100 for an apartment in Maple Ridge.