The Real Estate Board of Greater Vancouver has just released the latest Housing Price Index:

	Indexed Price	1 Year Change	3 Year Change
Detached	$1,445,248	29.5%	29.9%
Townhouse	$ 715,027	25.5%	14.8%
Condo	$ 492,247	14.9%	17.0%

Although the price gain over the past year appears significant, it is not that much different from the 3 year gain.  This is due to falling prices during the market freeze of the fall of 2008, and 2009 price increases to near peak levels as a result of lower supply, higher demand, and record low interest rates.