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The Real Estate Board of Greater Vancouver - May 2020 Stats

Metro Vancouver* home prices have remained steady since provincial health officials implementedphysical distancing requirements in March. The Real Estate Board of Greater Vancouver (REBGV) reports that the MLS® Home Price Index1 composite benchmark price for all residential properties in Metro Vancouver today is $1,028,400. This is virtually unchanged fromApril 2020, a 1.4 per cent increase over the last three months, and a 2.9 per cent increase compared to May 2019. "Home prices have been stable during the COVID-19 period. While we’re seeing a variety of long-term projections for the market, it’s critical to understand the facts and trends as they emerge." --Colette Gerber, REBGV Chair Resi

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