Real estate prices show upward trend

May 12, 2009

By Jeff Nagel – Abbotsford News, Published: May 11, 2009An uptick in real estate prices and more home sales in April are fresh evidence the Lower Mainland housing market may have found its footing after a steep recession-driven drop.

Prices across the region are still down at least 10 per cent compared to a year ago.

But the benchmark selling price for a detached house in Greater Vancouver climbed to $675,000 in April, up about four per cent from $649,000 in March.

Condos and attached homes were also up modestly compared to a month earlier, the Real Estate Board of Greater Vancouver reported.

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