Today West Vancouver real
Today West Vancouver real

Today West Vancouver real

The Canadian government’s Immigrant investor program 2011 also encouraged investors from abroad to settle in West Vancouver. This foreign capital does, however, come with a price. Demand from wealthy immigrants has made the Vancouver area the most expensive real estate market in Canada. Recently obtained figures show that the average price of west vancouver homes for sale is 1.26 million dollars , higher than any other Canadian city.    http://www.umassextension.org

As houses for sale in west vancouver become more and more unhinged from local incomes, many are opting to pay rent. Recent figures also estimate Vancouver house prices to be 10.3 times the median household income. As a consequence, lower, middle and even upper middle class home owners have been forced to seek elsewhere for affordable housing. The area has become more exclusive as a result.