Tuesday, February 3, 2009 Vancouver Benchmark prices as at February 2009by Sue Gerryts on Tue, Feb, 3, 2009 05:11 PM METRO VANCOUVER BENCHMARK
The Vancouver Real Estate Board publishes a benchmark that tracks the price of a benchmark property across the region. There are three categories:
- Detached
These are houses, sometimes called single family homes
- Attached
This refers to townhouses and half duplexes.
- Apartments
This means apartments within high or low rise buildings.
I have set out the benchmark prices across the region, with the annual percentage price rises in brackets and 3 year percentage rise in square brackets.
The top percentage price rise over the year is shown in bold. I have also marked the biggest fall in red.
Detached homes saw prices fall pretty much across the board, with Squamish and the Sunshine Coast being the main exceptions.
South Delta was the exception in both apartments and attached homes, showing a small rise. Again other areas saw percentage decreases.
DETACHED BENCHMARK PRICES
- Detached Greater Vancouver $659,638 (-11.2%), [3yr: 12.9%]
- Burnaby $652,089 (-11.4%), [3yr: 10.7%]
- Coquitlam $593,987 (-9.9%), [3yr: 14.3%]
- South Delta $660,478 (1.7%), [3yr: 25.9%]
- Maple Ridge $408,206 (-10.8%), [3yr: 11.6%]
- New Westminster $538,566 (-0.3%), [3yr: 10.9%]
- North Vancouver $783,339 (-13.3%), [3yr: 9%]
- Pitt Meadows $473,782 (4.2%), [3yr: 23%]
- Port Coquitlam $505,488 (-8.1%), [3yr: 21.8%]
- Port Moody $718,962 (13.4%), [3yr: 34.2%]
- Richmond $649,909 (-9.9%), [3yr: 12.9%]
- Squamish $543,788 (-4.2%), [3yr: 33.8%]
- Sunshine Coast $363,529 (-13.8%), [3yr: 1.1%]
- Vancouver East $592,138 (-11%), [3yr: 11.9%]
- Vancouver West $1,134,773 (-19.3%), [3yr: 13.7%]
- West Vancouver $1,166,637 (-21.7%), [3yr: 3.5%]
ATTACHED BENCHMARK PRICES
- Attached Greater Vancouver $425,309 (-8.1%), [3yr: 19.3%]
- Burnaby $397,357 (-11.6%), [3yr: 11.8%]
- Coquitlam $381,560 (-9.4%), [3yr: 14.4%]
- South Delta $381,656 (-16.2%), [3yr: 16.5%]
- Maple Ridge & Pitt Meadows $296,543 (-5.9%), [3yr: 22.7%]
- North Vancouver $536,610 (-9.3%), [3yr: 15.8%]
- Port Coquitlam $371,926 (-5.1%), [3yr: 16.1%]
- Port Moody $335,114 (-15.9%), [3yr: 9.3%]
- Richmond $424,081 (-6.3%), [3yr: 21.6%]
- Vancouver East $470,965 (-2.9%), [3yr: 34%]
- Vancouver West $650,919 (-6.9%), [3yr: 25.2%]
APARTMENT BENCHMARK PRICES
- Attached Greater Vancouver $425,309 (-8.1%), [3yr: 19.3%]
- Burnaby $397,357 (-11.6%), [3yr: 11.8%]
- Coquitlam $381,560 (-9.4%), [3yr: 14.4%]
- South Delta $381,656 (-16.2%), [3yr: 16.5%]
- Maple Ridge & Pitt Meadows $296,543 (-5.9%), [3yr: 22.7%]
- North Vancouver $536,610 (-9.3%), [3yr: 15.8%]
- Port Coquitlam $371,926 (-5.1%), [3yr: 16.1%]
- Port Moody $335,114 (-15.9%), [3yr: 9.3%]
- Richmond $424,081 (-6.3%), [3yr: 21.6%]
- Vancouver East $470,965 (-2.9%), [3yr: 34%]
- Vancouver West $650,919 (-6.9%), [3yr: 25.2%]
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