Wake Up Vancouver!

    Citizens for a Better Vancouver

Million-dollar line of detached houses spreads like wildfire across Metro

Almost three-quarters of the single, detached homes in Metro Vancouver are now assessed at $1 million or higher, a 50-per-cent increase from 2014. And the “million-dollar line” has spread deep into the suburbs.

“(What used to be) the top crust of residential real estate in Metropolitan Vancouver has now become the whole loaf,” said Andy Yan, director of the City Program at Simon Fraser University.

Yan analyzed data from B.C. Assessment for 2018 and found 73 per cent of single-family homes in the region now top $1 million, including over 99 per cent of the homes in Vancouver, West Vancouver, the City of North Vancouver and the University Endowment Lands.

Full story available here: http://vancouversun.com/news/local-news/million-dollar-line-of-detached-houses-spreads-like-wildfire-across-metro-vancouver

Gregor Robertson resists blame for Vancouver’s housing crisis in 1-on-1 with Chris Gailus

Ian Mulgrew: Following real estate money from China — impossible!