highlights • TheGreaterVancouverBoardAreaexperiencedmonth-over-monthandyear-over-yearincreases inmedianhomepricesacrosalhometypesinFebruary.ComparedtoJanuary2022,detached homepricesincreasedby2%,townhomepricesby1.8%,andcondopricesby1.3%.Comparedto February2021,townhome,detachedhome,andcondopricesincreasedby24%,26%,and19% respectively. • TheFraserValeyBoardalsoexperiencedmonth-over-monthandyear-overyearincreases,acros alhometypes.Month-over-monthincreasesfortownhomes,detachedhomes,andcondoswere 1.7%,4%,and1.4%respectively.Year-over-yearincreasesintheFraserValeyexceededthoseof theGreaterVancouverBoardArea,withjumpsof47%,39%,and33%fortownhomes,detached homes,andcondos,respectively.
THERENNIEADVANCE median prices
FEBRUARY 202
• -
$2,000,000
+26% vsFeb2021 Greater Vancouver
$2.02M $1.78M
$1,600,000
$1,200,000
$800,000
DETACHED median salesprice
FraserValey
$400,000
+39% vsFeb2021
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 $0
━ GreaterVancouver ━ FraserValey
● February
$1,200,000
+24% vsFeb2021 Greater Vancouver
$1,119,900 $970,000
$1,000,000
$800,000
$600,000
$400,000
TOWNHOME median salesprice
FraserValey
$200,000
+47% vsFeb2021
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 $0
━ GreaterVancouver ━ FraserValey
● February
$1,000,000
+19% vsFeb2021 Greater Vancouver
$800,000
$735,000 $572,000
$600,000
$400,000
CONDO median salesprice
FraserValey
$200,000
+33% vsFeb2021
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 $0
━ GreaterVancouver ━ FraserValey
● February
Copyright©March1,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch1,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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