A benchmark price tracks a typical home's value across the whole city, so it smooths over the differences between neighbourhoods, lot types and condition that move an individual sale price up or down from that figure by a meaningful margin.
Sales volume backs up the price trend. With 446 sales recently recorded, running 6.6 percent above the ten-year average, demand has stayed firm enough to support the benchmark's upward movement rather than a one-month blip.
What your specific house is worth depends on its condition, its improvements and its street, none of which a citywide benchmark can see. Get your hand-reviewed valuation from Joel Dyck.