METRO VANCOUVER - The average Multiple Listing Service price of a home in British Columbia was up 18 per cent in February compared to the same month last year, according to the B.C. Real Estate Association.
The price surge was largely due to sales in Metro Vancouver, the BCREA said, citing even high price increases in the mostly densely populated region of the province.
In Metro Vancouver the average MLS residential price climbed more than 19 per cent, compared to February 2010. 
"The surge in consumer demand in Metro Vancouver continues to propel the provincial statistics higher,” Cameron Muir, BCREA chief economist, said in a news release issued this morning.
“Elevated sales activity in Vancouver’s pricier communities has pushed average home prices higher than market conditions would suggest.”
BCREA REPORT 2011 02 - Vancouver Real Estate
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