Vancouver home prices rise in June, but market activity still below 10-year averages

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According to the latest report by the Real Estate Board of Greater Vancouver , the MLS Home Price Index composite benchmark price for all residential properties in Vancouver rose 1.3 per cent from May and currently stands at $1,203,000.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

Residential home sales experienced an uptick of 21.1 per cent, as a total of 2,988 transactions were recorded in June, surpassing the 2,467 transactions in the same period last year. However, despite this performance, the figures fell short of the 10-year seasonal average by 8.6 per cent, highlighting the market’s continued deviation from historical norms.

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Real estate sales up as market returns to traditional seasonal patternA total of 705 properties sold in June, up from 612 in June of last year
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