The MLS® Home Price Index (MLS® HPI) benchmark price of a detached home in March was $572,700, an increase of 6.8
per cent compared to $536,200 last year. The benchmark price of Fraser Valley townhouses increased by 1.5 per cent in
one year, going from $310,300 in March 2011 to $315,000 in March 2012, while the benchmark price of apartments
also increased by 1.5 per cent going from $210,600 in March of last year to $204,700 in March 2012.