Small gains in LM housing prices

The Fraser Valley Real Estate Board said its benchmark detached house price was up 1.9 per cent to $549,500 in December from a year ago.

  • Jan. 7, 2014 1:00 p.m.

The Lower Mainland real estate market posted small price gains in 2013.

The Real Estate Board of Greater Vancouver said its composite benchmark price for detached houses climbed 2.5 per cent during the year to $927,000.

Apartments were up 1.8 per cent to $367,800 and attached units wer eup 1.2 per cent to $456,100.

The Fraser Valley Real Estate Board which includes Surrey, White Rock and North Delta, said its benchmark detached house price was up 1.9 per cent to $549,500 in December from a year ago.

Townhouses declined 1.0 per cent to $293,300 and apartments dropped 3.7 per cent to $192,600.

 

House prices actually dropped 0.9 per cent to $459,200 in Maple Ridge and 0.6 per cent to $701,700 in Tsawwassen.