Vancouver Wins Again!! … Wait…
I’d like to buy a house someday. I just don’t think, given current trends and markets, that said house will be bought in Vancouver. Setting aside the concept of whether or not I want to raise kids in an urban setting (the jury’s still out on that one,) I simply cannot see the capability of buying a house – the kind with a front and back lawn and maybe a little garden – at Vancouver’s prices within my foreseeable future.
The average cost for a house in Vancouver is $518,176, which is up nearly 25% over what it was this time last year. Victoria came in second at $515,755, and somewhere further down the line Toronto trailed in at $365,537.
Not that I’m thinking about buying a house any time soon, but even if I was, these are numbers that I can’t actually comprehend. I love this city, but when I do reach a point when I’m thinking about buying a house, I will be moving on from here if this trend continues. I don’t mean to the ‘burbs.