Vancouver home to Canada’s top two priciest neighbourhoods

Canada Most Expensive Real Estate Market 2017
Vancouver West Side, and Vancouver Downtown are Canada's top two most expensive areas for real estate when measured by price per square foot. Credit: CENTURY 21 Canada

A new survey by CENTURY 21 has found that two of Canada’s top three most expensive neighbourhoods — calculated by price-per-square foot — are in Vancouver.

The nationwide study found that Vancouver’s posh westside was the priciest neighbourhood in the country, at $1,201 PPSF (price per square foot), with Vancouver Downtown coming in second at $962.75 PPSF, followed by Toronto Downtown at $818.86 PPSF.

It’s hardly news to anyone looking for a place in the Lower Mainland, but in reality, prices per square foot are even higher, with many recent presale condominium projects in downtown Vancouver selling for between $1,500-$2,000 PPSF.

To calculate the price-per-square-foot, CENTURY 21 franchisees were asked to help come up with the average price-per-square-foot in their market, and tracked average square footage in sales from January 1 to June 30, 2017.

Real estate markets across British Columbia

Average price-per-square foot

BC Most Expensive Real Estate markets
A look at several B.C. real estate markets. The percentages represent price growth since 1997. Credit: CENTURY 21 Canada