Canada · North America · Population: 680,000
Vancouver is a challenging market for first-time buyers, with a slight cooling in the housing market. The city has above-average rental costs. At $820,000 average home price in Canada, buyers should consider the 13.5x price-to-income ratio when planning a purchase.
| Average Home Price | $820,000 |
| Price per sqm | $10,500 |
| Price-to-Income Ratio | 13.5x |
| Mortgage Rate | 5.2% |
| 1-Year Price Change | -0.8% |
| 1-Bedroom Apartment | $2,400/mo |
| 3-Bedroom Apartment | $3,800/mo |
| Rent-to-Income Ratio | 38% |
| Median Household Income | $61,000/year |
| Years to Buy (at median income) | 13.5 years |
| Local Currency | CAD |
With a price-to-income ratio of 13.5x, Vancouver is one of the most expensive cities for homebuyers. Consider renting or exploring nearby cities for better value. Home prices have decreased 0.8% in the past year.
Cities worldwide with home prices closest to Vancouver
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
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