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It's the market's strongest rebound in 40 years, Muir said.
The soaring prices have local realtors like Paul Eviston feeling good.
Average price of Vancouver home hits
"It was the first month ever we saw that price crest a million dollars," said Cameron Muir, the association's chief economist.
Real Estate Association says is unprecedented.
Housing prices are recovering in other Canadian cities, but not at the same Nike Air Max Thea Black Gold
our market in the last 12 months, (it's) probably the hottest real estate market in the world," he said.
Eviston said the city is leading the way for a few Nike Air Max 2015 Flyknit Id
"You can attribute a lot of that to the Olympics, and you can't underestimate how weather affects peoples' buying patterns," he said. "That's a Nike Air Max Tavas 44 5 huge part of it, and we had a very mild winter."
pace as Vancouver.
Local housing prices jumped 23 per cent in March compared to a year earlier, according to the city's real estate board. The recovery means housing prices in Vancouver are now 3 per cent higher than they were before the recession hit.
The $1 million average includes high end homes. But the average price for a single, standard detached home in the city reached $800,341, the Real Estate Board of Greater Vancouver said Tuesday. That's up from $650,000 a year ago.
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