The price of a typical detached house on the toney West Side of Vancouver dropped the hardest of 20 communities surveyed in March by the Real Estate Board of Greater Vancouver.
On the West Side the "benchmark" price of detached house fell 9.1 per cent from a year earlier, compared to a region-wide decline of 5 per cent, the Board reports.
The benchmark price - a data point used by the board that rounds out statistical averages - of a West Side house fell to $2.06 million, still the highest in all of Canada. The Board reports, however, that the benchmark price on the West Side has crept up about 1 per cent in the past month.
On the East Side of Vancouver, the benchmark price of a detached house was down 3.1 per cent from a year earlier, to $813,300.
Across all of Greater Vancouver, the benchmark detached house price in March was $906,900.
Coquitlam was the only suburban market to see an uptick in prices, with a meagre 0.8 per cent increase in detached house prices from a year earlier, to $702,800,
The March benchmark price for a condominium apartment in Greater Vancouver was down 3.3 per cent for the year, to $362,100, the Board reports.
