Vancouver’s house prices still affordable compared to world home prices


Wednesday, May 24th, 2006

Other

Vancouver’s superb quality of life, natural beauty, moderate climate and high
level of services make it the third best Place to live in the world.
(recent quality of life survey, Mercer Human Resources Consulting)

If we’re waiting in hopes that the market may be showing signs of slowing in the
coming years or prices may be coming down, consider this-
As the 2010 Olympics draw closer, global attention will focus on Vancouver.
The positive experience of the visitor to Vancouver, as in the past, will only increase our
popularity and likely our home prices.

How does Greater Vancouver home prices compare worldwide?

City In Canadian $
Vancouver (average 2005) 587,972
Calgary 306,271
Anaheim 838,313
Honolulu 714,850
New York Manhattan 3,785,082
San Francisco 867,149
London 748,468
Paris 1,493,905
Tokyo 605,805

Sources: REBGV, CREA, CREB, NAR, ODPM, PCOC.



Comments are closed.