Vancouver home prices up more than 11 per cent since last July, CREA says
Home prices in Canada rose nearly nine per cent since last July, driven by the expensive housing markets in Vancouver and Toronto, according to Canadian Real Estate Association statistics.
Not surprisingly, year-over-year price growth was the highest in Metro Vancouver at more than 11.23 per cent, followed by the Greater Toronto Area at more than 9.39 per cent.
That compares with growth in the Fraser Valley, up about six per cent, while Victoria and Vancouver Island prices had gains of about four per cent.