Home buyer demand remains well in excess of long-term averages, and the supply of homes for sale continues to decline across Metro Vancouver.
“We expect home sale totals to end the year at or near an all-time record in our region,” said board economist Keith Stewart.
The board reports the median selling price of 118 houses that sold in Maple Ridge and Pitt Meadows last month was more than $1.3 million.
The benchmark price of a townhouse in the Lower Mainland is $892,000, compared with $780,000 for 55 Maple Ridge-Pitt Meadows units sold last month.