Price of average two-storey home in Vancouver jumps 3% to $1,148,473
The real estate company finds the average cost of a detached bungalow is up nearly five per cent to $1,062,318, while the price of a standard two-storey home jumped almost three per cent to more than $1,148,473.
The next most expensive housing market in Canada is Toronto, where the price of a detached bungalow rose 4.1 per cent to $589,250.
The most affordable major city for detached housing in Canada was Moncton, where the price of a detached bungalow declined 3.2 per cent to $153,000.
The price of the average condo in Vancouver nudged up only 0.3 per cent to $482,800, a figure Royal Lepage calls “relatively flat.”