May

Vancouver Home-Price Surge Defies Canadian Housing Jitters

Cost of typical home rises 11% in April from a year earlier
Buyers in ‘fierce’ competition as condos get multiple offers

Ripples from the downward spiral of mortgage lender Home Capital Group Inc. haven’t yet reached Vancouver.

The cost of a benchmark home in the Pacific Coast city surged 11 percent to C$941,100 ($685,233) compared with a year earlier, the Real Estate Board of Greater Vancouver reported Tuesday. Condominiums were the big gainers, climbing 17 percent to C$554,100…

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Vancouver Home-Price Surge Defies Canadian Housing Jitters

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