Quote: (04-16-2016 07:27 PM)BlueOcean Wrote:
Vancouver is very expensive.
http://www.cknw.com/2016/01/25/new-surve...the-world/
Quote:Quote:
Vancouver comes in third place as least affordable major metropolitan market, only beaten out by Hong Kong and Sydney, Australia, according to today’s Demographia International Housing Affordability Survey
That has nothing to do with the OP and his priorities.
If you were from Vancouver you would not be putting that survey up here.
This argument needs to be put to rest. For quality, whole ingredient, fresh food Vancouver might be one of the best values in the world. Drinks too, at the very high end places rarely top $20. The best cocktails in the city are $12-$14. Local beer is $6-$8 a pint, domestics can be had for $3-$5.
A good studio/1 bdrm in the hottest locations can be had for under $2k.
Those prices are low, in my opinion, compared to the other west coast cities.
What people are confused by is this: Vancouver is a tiny little peninsula, surrounded by ocean, mountains and rivers. It was also, until recently, severely under built. The West End was basically the only place that was dense, and the population density of there is at Mexico City levels. Everywhere else had no density.
So you have a lot of competition for detached, single family homes. All the land is used up long time ago. Most wealthy people in Canada retire here, playboys park here and of course foreign oligarchs and billionaires buy homes here. This attracts the newly minted as well, who also want to own detached homes.
Most people under 40 live downtown and the surrounding neighborhoods in high rise condos. There are no houses here. So what do you expect? Real estate has to go up. The last houses under $1mil are essentially gone.
But this will not effect us at all. Unless your entitlement tells you that you need a detached home with a yard and all that shit.
