Your search results

February 2017 Housing Price Index (HPI) Report

Posted by admin on March 21, 2017
| 0

What is the MLS® HPI?

Developed using data from the Multiple Listing Service®, the MLS® Home Price Index (or MLS® HPI for short) allows you to see trends in home prices for a specific type of house in a given neighbourhood. Combined with the knowledge, experience and skills of your REALTOR®, the MLS® HPI allows you to better understand these trends — and how they can affect the market value of your home. More importantly, though, it helps you approach one of life’s most important decisions — buying or selling a home — with greater confidence.

Benchmark Price: Estimated sale price of a benchmark property. Benchmarks represent homes for sale including townhouses, condos, acreages, farms and land within each market.

Price Index: Index numbers estimate the percentage change in price on typical and constant quality properties over time. All figures are based on past sales.

x Month/Year Change %: Percentage change of index over a period of x month(s)/year(s) *

In January 2005, the indexes are set to 100. Townhome properties are similar to Attached properties, a category that was used in the previous MLSLink HPI, but do not included duplexes. The above info is deemed reliable, but is not guaranteed. All dollar amounts in CDN.

REMAX Lifestyles Realty Jim Williams

 

February 2017 HPI Report
Image_001

 

Property Type

Area

Benchmark Price

Price Index

1 Month Change %

3 Month Change %

6 Month Change %

1 Year Change %

3 Year Change %

5 Year Change %

10 Year Change %

Residential / Composite

Lower Mainland

$811,800

228.9

1.0%

-0.1%

-2.4%

15.8%

48.2%

48.8%

73.7%

Greater Vancouver

$906,700

237.3

1.2%

-0.2%

-2.8%

14.0%

48.5%

48.7%

80.9%

Bowen Island

$821,000

178.0

-1.1%

0.9%

2.9%

27.4%

47.4%

41.5%

40.7%

Burnaby East

$838,700

231.5

0.8%

0.3%

-3.5%

13.9%

45.7%

50.3%

75.8%

Burnaby North

$788,200

236.9

2.1%

2.1%

1.0%

19.9%

52.7%

53.2%

80.7%

Burnaby South

$878,500

248.3

1.2%

3.3%

1.3%

21.4%

53.0%

54.5%

90.9%

Coquitlam

$748,100

222.0

2.2%

-0.6%

-4.3%

11.4%

46.4%

51.6%

69.6%

Ladner

$774,300

215.2

-1.3%

-5.0%

-7.1%

8.6%

44.0%

42.0%

70.7%

Maple Ridge

$570,300

192.7

-0.1%

-0.6%

-0.6%

22.6%

48.3%

46.3%

50.0%

New Westminster

$539,100

229.6

1.1%

2.4%

0.5%

18.1%

46.1%

47.7%

68.5%

North Vancouver

$969,300

218.7

0.6%

-1.4%

-5.6%

13.6%

49.3%

49.5%

73.2%

Pitt Meadows

$558,800

204.4

0.0%

-0.7%

0.6%

22.4%

42.7%

49.5%

55.1%

Port Coquitlam

$588,400

208.5

3.0%

2.1%

-2.4%

14.4%

46.6%

47.0%

57.2%

Port Moody

$770,000

212.9

0.5%

0.7%

-0.8%

12.8%

47.9%

56.3%

63.5%

Richmond

$862,800

250.0

1.1%

0.5%

-2.3%

15.6%

49.8%

44.5%

91.4%

Squamish

$663,200

216.2

0.7%

5.8%

6.5%

29.5%

77.6%

80.8%

81.2%

Sunshine Coast

$506,100

177.3

0.1%

3.0%

6.0%

26.6%

49.9%

45.7%

38.2%

Tsawwassen

$904,200

226.5

-0.8%

-5.5%

-6.7%

8.9%

49.9%

50.3%

78.6%

Vancouver East

$951,800

278.8

0.0%

-1.4%

-4.0%

12.9%

53.2%

58.4%

106.7%

Vancouver West

$1,210,000

255.0

2.1%

-1.4%

-3.4%

10.4%

46.2%

48.2%

91.6%

West Vancouver

$2,463,800

264.4

1.1%

-1.9%

-11.2%

9.3%

54.1%

58.0%

103.1%

Whistler

$764,400

177.6

2.2%

7.1%

7.6%

30.3%

74.5%

66.9%

52.2%

Single Family Detached

Lower Mainland

$1,195,400

253.9

0.1%

-1.6%

-5.4%

15.1%

56.0%

56.7%

95.8%

Greater Vancouver

$1,474,200

271.9

0.0%

-2.4%

-6.5%

12.9%

57.6%

55.9%

110.6%

Bowen Island

$821,000

178.0

-1.1%

0.9%

2.9%

27.4%

47.4%

41.5%

40.7%

Burnaby East

$1,160,500

259.5

0.9%

-1.0%

-7.9%

9.4%

54.5%

56.7%

104.0%

Burnaby North

$1,499,600

290.0

1.3%

-1.4%

-6.1%

12.7%

61.9%

65.0%

124.3%

Burnaby South

$1,636,100

313.2

0.1%

-0.3%

-3.8%

20.7%

66.0%

72.3%

143.0%

Coquitlam

$1,120,800

248.7

1.2%

-3.6%

-8.8%

11.3%

55.5%

62.9%

92.8%

Ladner

$947,900

228.5

-2.1%

-6.8%

-8.1%

6.8%

52.6%

50.6%

82.5%

Maple Ridge

$710,400

202.4

-0.2%

-0.4%

-0.3%

22.8%

55.3%

54.2%

61.1%

New Westminster

$1,026,700

254.7

0.3%

0.0%

-7.0%

11.9%

54.9%

53.1%

99.9%

North Vancouver

$1,556,600

247.8

-0.5%

-4.3%

-7.9%

12.6%

63.8%

63.3%

99.5%

Pitt Meadows

$771,500

217.4

0.2%

-2.8%

-1.6%

21.0%

55.6%

54.1%

69.6%

Port Coquitlam

$860,000

229.4

3.2%

-0.5%

-5.2%

10.7%

54.4%

57.2%

79.4%

Port Moody

$1,342,900

248.0

-0.1%

-2.4%

-3.7%

15.3%

54.8%

65.0%

91.7%

Richmond

$1,561,600

313.2

-0.3%

-3.0%

-8.4%

14.0%

66.3%

52.6%

138.7%

Squamish

$810,900

215.6

-0.6%

2.4%

1.4%

26.2%

65.1%

60.2%

78.6%

Sunshine Coast

$502,400

176.0

-0.1%

2.8%

5.7%

26.2%

49.4%

45.0%

37.2%

Tsawwassen

$1,151,300

247.9

-1.0%

-5.9%

-7.7%

7.5%

58.3%

61.1%

95.4%

Vancouver East

$1,425,600

315.1

-1.0%

-3.3%

-7.1%

12.6%

62.9%

70.7%

141.1%

Vancouver West

$3,422,700

351.4

0.1%

-2.8%

-5.4%

13.9%

59.4%

55.1%

160.1%

West Vancouver

$2,936,500

279.2

1.0%

-2.6%

-12.6%

8.3%

54.1%

59.4%

115.1%

Whistler

$1,363,200

188.7

0.6%

3.1%

3.1%

24.1%

53.0%

54.2%

62.4%

*

Property Type

Area

Benchmark Price

Price Index

1 Month Change %

3 Month Change %

6 Month Change %

1 Year Change %

3 Year Change %

5 Year Change %

10 Year Change %

Townhouse

Lower Mainland

$563,600

204.0

1.0%

0.5%

0.1%

20.4%

43.7%

43.3%

57.2%

Greater Vancouver

$675,500

218.3

1.3%

1.3%

-0.3%

18.3%

46.8%

47.2%

68.8%

Burnaby East

$538,100

193.0

-0.4%

1.5%

5.2%

27.9%

28.0%

31.2%

48.1%

Burnaby North

$539,500

201.2

3.1%

0.7%

5.0%

17.2%

34.7%

30.0%

53.6%

Burnaby South

$579,100

207.8

0.7%

0.9%

3.0%

24.1%

42.7%

37.8%

63.5%

Coquitlam

$527,200

193.7

4.5%

3.3%

2.1%

11.8%

39.2%

40.4%

49.3%

Ladner

$617,200

204.5

0.5%

3.6%

-3.3%

14.3%

33.2%

34.5%

58.9%

Maple Ridge

$395,600

192.2

-0.2%

-1.6%

-3.1%

26.5%

45.6%

45.9%

45.1%

New Westminster

$545,500

204.9

1.8%

6.2%

-0.8%

18.5%

37.8%

38.9%

59.2%

North Vancouver

$854,000

204.4

2.8%

1.6%

-5.2%

17.3%

45.0%

43.2%

62.5%

Pitt Meadows

$480,000

207.7

-0.7%

0.5%

0.1%

24.8%

48.3%

52.0%

57.6%

Port Coquitlam

$535,100

202.9

1.0%

1.7%

-2.7%

15.7%

43.8%

41.0%

52.8%

Port Moody

$516,300

174.5

0.8%

-0.6%

-4.1%

-1.9%

28.9%

29.8%

33.3%

Richmond

$733,400

237.1

1.1%

1.5%

0.1%

19.4%

44.3%

47.3%

83.9%

Squamish

$729,400

265.0

3.6%

16.2%

18.8%

43.6%

119.2%

176.3%

126.7%

Tsawwassen

$616,700

203.8

1.4%

3.1%

-3.8%

16.7%

37.1%

31.2%

58.4%

Vancouver East

$741,000

244.3

0.2%

-3.2%

-5.7%

8.4%

48.5%

47.1%

78.3%

Vancouver West

$1,069,800

242.0

0.3%

-1.8%

-3.4%

17.9%

53.4%

59.6%

90.1%

Whistler

$842,800

225.4

4.2%

9.1%

10.5%

33.2%

88.8%

104.9%

100.9%

Apartment

Lower Mainland

$476,000

207.8

2.6%

2.8%

2.9%

16.9%

39.8%

40.3%

53.0%

Greater Vancouver

$526,300

211.6

2.7%

2.8%

2.3%

15.8%

40.2%

41.6%

58.0%

Burnaby East

$545,200

207.0

2.2%

1.1%

-2.9%

4.8%

33.6%

52.5%

44.5%

Burnaby North

$503,600

212.9

2.6%

5.8%

7.6%

29.0%

49.5%

51.5%

60.8%

Burnaby South

$561,600

225.5

1.9%

6.5%

5.0%

22.6%

47.8%

48.5%

71.1%

Coquitlam

$359,100

197.7

3.1%

4.6%

3.6%

14.9%

38.3%

40.8%

46.8%

Ladner

$380,400

180.3

-0.1%

-5.1%

-4.2%

13.5%

25.9%

20.5%

42.5%

Maple Ridge

$209,100

151.0

0.9%

1.7%

4.4%

22.2%

19.7%

12.9%

8.8%

New Westminster

$392,400

223.5

1.4%

3.3%

4.5%

21.3%

43.5%

46.7%

59.5%

North Vancouver

$463,200

188.5

1.7%

2.4%

-0.8%

16.1%

33.6%

34.5%

46.6%

Pitt Meadows

$310,000

183.2

0.1%

0.9%

3.6%

22.2%

23.2%

41.7%

32.0%

Port Coquitlam

$319,400

189.3

3.9%

5.9%

2.8%

21.2%

41.1%

40.7%

36.2%

Port Moody

$498,400

207.7

1.0%

5.6%

5.0%

20.7%

50.9%

62.8%

59.3%

Richmond

$476,000

201.0

3.3%

5.8%

8.1%

20.9%

35.4%

32.9%

53.0%

Squamish

$369,800

178.1

-0.4%

2.4%

4.3%

24.7%

81.7%

55.8%

49.7%

Tsawwassen

$403,900

170.3

-0.4%

-4.2%

-1.8%

17.8%

27.7%

22.2%

34.6%

Vancouver East

$446,200

246.2

1.7%

1.9%

1.5%

15.9%

43.1%

47.1%

75.0%

Vancouver West

$688,400

222.8

3.9%

0.3%

-0.5%

10.2%

41.4%

45.3%

67.3%

West Vancouver

$936,000

204.5

2.2%

4.8%

3.2%

22.9%

60.1%

51.7%

55.3%

Whistler

$406,300

133.2

1.0%

6.1%

8.1%

35.6%

109.8%

68.8%

10.2%

*

The above info is deemed reliable, but is not guaranteed. All dollar amounts in CDN.

Image_003* MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association