Vancouver home sales surge 15% in 'surprising twist'

Vancouver home prices increased for the sixth consecutive month. Read more

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The B.C. board says Vancouver’s housing market is showing signs of heating up heading into the summer, as prices increased for the sixth consecutive month.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. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.

The composite benchmark price for all residential properties in Metro Vancouver was $1,188,000 last month, down 5.6 per cent from a year ago but up 1.3 per cent from April. There were 5,661 new listings last month, an 11.5 per cent decrease compared with a year ago and 4.3 per cent lower than the 10-year seasonal average of 5,917.

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