Blog by Corina Marin

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Vancouver's million-dollar real estate divide - with maps

Vancouver real estate: The $1-million white picket fence.
The geographic line that Vancouver real estate buffs draw to symbolize the million-dollar divide in housing prices has been shifting ever eastward over the years. Homes formerly deemed affordable on the east side are now part of a landscape where only those with hefty down payments need bother bidding.
Fifty-four per cent of single-family detached properties in the City of Vancouver were assessed at $1-million or greater on July 1, 2012. That is a dramatic increase from four years earlier, when only 34 per cent of detached homes had assessments of $1-million or higher.
http://www.theglobeandmail.com/report-on-business/economy/housing/vancouvers-million-dollar-divide/article13242548/