> The price of a typical Vancouver home rose 21 percent to C$775,300 ($584,290) in January from a year earlier, according to the city’s real estate board.
The costs quoted in the article are a bit vague. If one were to assume that by "Vancouver home", she was referring to a "house" located within the city of Vancouver, you would be in for a rude awakening. Average house price is pushing 2M and what that will buy you is a place to tear down in what was/is the less desirable part of the city.
If your talking a 1 bedroom condo in the city, 500k will get you started and the 775k quoted will get you something a bit above the basics.
When you can figure out how your going to pay that mortgage with your "Vancouver tech" salary, and still be able to afford to live, I'm all ears :)
Problem is those $700k condos are being bid up to $800k, and often sold so fast there's no time to go back to your bank and request an additional $100k mortgage. The Chinese buyers have cash to make the sale immediately.
The newer buildings are now exclusively luxury condos, like the tower being built on Harwood St that's one unit per floor for offshore millionaires.
The costs quoted in the article are a bit vague. If one were to assume that by "Vancouver home", she was referring to a "house" located within the city of Vancouver, you would be in for a rude awakening. Average house price is pushing 2M and what that will buy you is a place to tear down in what was/is the less desirable part of the city.
If your talking a 1 bedroom condo in the city, 500k will get you started and the 775k quoted will get you something a bit above the basics.
When you can figure out how your going to pay that mortgage with your "Vancouver tech" salary, and still be able to afford to live, I'm all ears :)