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Vancouver home to Canada’s top two priciest neighbourhoods

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A new survey by CENTURY 21 has found that two of Canada’s top three most expensive neighbourhoods — calculated by price-per-square foot — are in Vancouver.

The nationwide study found that Vancouver’s posh westside was the priciest neighbourhood in the country, at $1,201 PPSF (price per square foot), with Vancouver Downtown coming in second at $962.75 PPSF, followed by Toronto Downtown at $818.86 PPSF.

It’s hardly news to anyone looking for a place in the Lower Mainland, but in reality, prices per square foot are even higher, with many recent presale condominium projects in downtown Vancouver selling for between $1,500-$2,000 PPSF.

To calculate the price-per-square-foot, CENTURY 21 franchisees were asked to help come up with the average price-per-square-foot in their market, and tracked average square footage in sales from January 1 to June 30, 2017.

Real estate markets across British Columbia

Average price-per-square foot

BC Most Expensive Real Estate markets
A look at several B.C. real estate markets. The percentages represent price growth since 1997. Credit: CENTURY 21 Canada
Peter Meiszner
Peter Meisznerhttps://www.peterforvancouver.com/
馃摙 I am running for Vancouver City Council with A Better City (ABC) and Ken Sim! Visit peterforvancouver.com for more information.
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