Our MLS® Home Price Index (HPI) provides benchmark prices for communities across the region that allow you to follow and compare accurate and up-to-date home price changes over time.

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*MLS® Home Price Index May 2020 update

The national MLS® Home Price Index (MLS® HPI) operations group underwent an annual review of the model in May. In line with best statistical practices, the MLS® HPI is reviewed annually.

HPI coverage was extended to neighbourhoods where sales volumes picked up enough to support benchmark price tracking and was discontinued for neighbourhoods where sales became too sparse to support benchmark price calculations. REBGV also modified sub-areas in Ladner and Tsawwassen to better reflect changes in these communities over time, changing the composition of neighbourhoods in these areas.

To ensure HPI coverage is consistent and comparable, historical aggregate and composite data has been recalculated based on revised and consistent coverage.