How Location Impacts Long-Term Home Value in Vancouver
Posted by Adam Chahl on
Vancouver’s real estate market is among the priciest in Canada, making buying a home in Vancouver a major decision. Prices here have risen far faster than many other places – one report notes Vancouver’s home values climbed about 33% over the past decade. In fact, major centres like Vancouver and Toronto have seen much steeper long-term growth than smaller markets. This strong historical appreciation underpins Vancouver’s high entry cost: by one estimate housing costs now consume nearly 98.6% of median income in Vancouver. In such an expensive market, long-term value depends heavily on location and neighbourhood. Where a Vancouver home is – in terms of schools, transit, amenities and future projects – often matters as much as the building itself.
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