Prices of detached homes in Greater Vancouver, Fraser Valley gain yearly increases of up to 32 percent

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      Benchmark prices of all property types rose across the Lower Mainland in September 2021.

      Detached homes posted the biggest rate of increases, based on reports by the Real Estate Board of Greater Vancouver and the Fraser Valley Real Estate Board.

      In markets served by the REBGV, the benchmark price for a detached home rose last month to $1,828,200.

      This means a 20.4 percent increase from September 2020, and a 1.2 percent increase compared to August 2021.

      Meanwhile in FVREB markets, which include Surrey, the benchmark price of a detached home in September increased to $1,362,220.

      This represents a 1.9 percent increase compared to August 2021, and 31.9 percent over September 2020.

      Townhouses and condos likewise posted price gains in both REBGV and FVREB regions.

      As for total number of homes sold last month, the REBGV reported that a total of 3,149 residences of all types changed hands in September 2021.

      The number represents a 13.6 percent decrease from the 3,643 sales in September 2020, and a 0.1 percent decrease from the 3,152 homes sold in August 2021.

      Over at the Fraser Valley, the FVREB reported that realtors sold 1,866 properties of all types last month.

      This means a decrease of 10.6 percent compared to August, and a 16.4 percent decrease compared to the same month last year.