The latest stats from the Real Estate Board of Greater Vancouver are in. Tsawwassen continues to see the highest year over year growth in home prices, based on the MLS Home Price Index values. Across all property categories, gains from May 2015 to May 2016 were 40.3%. This is even higher for a Single Family Detached home where the average value has increased by 48.2%.
What does this mean for Tsawwassen home owners? Your average home value is now $1,257,100, up from $848,500 one year ago, a tax free gain on your principle residence of $408,600. Not bad for one year of lawn maintenance.
The full stats package for the end of May 2016 can be found here:
