Vancouver home sales rise in May, nearing 10-year average: Real estate board

The Real Estate Board of Greater Vancouver says May home sales rose 15.7 per cent from a year earlier.

The B.C. board says Vancouver's housing market is showing signs of heating up heading into the summer, as prices increased for the sixth consecutive month. 

The board says sales for the month totalled 3,411, which was 1.4 per cent below the 10-year seasonal average of 3,458.

The composite benchmark price for all residential properties in Metro Vancouver was $1,188,000 last month, down 5.6 per cent from a year ago but up 1.3 per cent from April.