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
