New numbers from a Canadian real estate giant suggest Vancouver's housing market still hasn't started to cool.

Data published by Royal LePage on Wednesday showed that the aggregate home price in Greater Vancouver is up 24.6 per cent from last year. The median price for a home in the area is now $1,098,599.

But Vancouver itself is not the city in the area with the highest price increase in the last year. During the same period, the City of Vancouver's year-over-year gain is 27.5 per cent, to a median price of $1,330,531.

Outside of the city, West Vancouver saw a 29.7 per cent increase to $3,093,776, and Richmond saw a 28.3 per cent increase to $972,443.

When asked about the numbers, the premier said Metro Vancouver needs to build more before it will see a decrease.

"If we really want to affect the price of housing, what we need to do is have more supply," Christy Clark said Wednesday.

"When there's short supply and there's more people who want it than there are homes, prices go up."

The increases were noted despite what Royal LePage called "continued world economic uncertainty," including the exit of Britain from the European Union.

The report said Canada's historically low interest rate is expected to continue to fuel the markets both in Vancouver and Toronto. Royal LePage president and CEO Phil Soper said previous forecasting models that suggested the housing market would slow down in the second half of 2016 expected a modest increase in borrowing rates.

However, Soper now estimates that the interest rates will remain the same for the next few months, so the company has revised its estimate.

"We don’t see even a mild correction for either the Toronto or pistol-hot Vancouver markets in 2016," Soper said.

The report compared the year-over-year prices for two-storey homes, bungalows and condos in 53 Canadian cities. The full breakdown can be viewed online.

Of all the metropolitan areas Royal Lepage looked at, Greater Vancouver had the steepest increase in the second quarter of 2016 among all types of homes.

The price of a two-storey was up 26.5 per cent, to $1,446,700, while a bungalow climbed to $1,179,130, up 28.5 per cent. The median price of a condo was $502,531, up 11.5 per cent from last year.

Greater Vancouver was compared to the Montreal and Toronto areas, which had aggregate increases of 3.5 and 10.2 per cent.

With files from CTV Vancouver's Sarah MacDonald