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It was the best February for sales in the history of the Real Estate Board of Greater Vancouver.

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But there still wasn’t enough inventory to meet rising demand for existing homes sales and the result was record prices for Canada’s most expensive housing market.

The board said Wednesday that its composite benchmark price for all residential properties in Metro Vancouver reached $795,500 at the end of last month, a 22.2 per cent increase compared to a year ago. The average detached home sold for $1,816,487.

There were 4,172 sales in February 2016, a 36.3 per cent jump from the 3,061 sales a year ago and a 65.6 per cent increase from January. Sales were 56.3 per cent above the 10-year average for the month of February.