Vancouver’s west side and downtown are the most expensive neighbourhoods in Canada when it comes to of price-per-square foot (PPSF), according to a new Century 21 study.
A home in 鶹ýӳWest Side has a price-per-square foot (of PPSF), on average, of $1,210, compared with $962.75 downtown and $816.61 in West Vancouver.
“The West Side and West 鶹ýӳare both known to be expensive neighbourhoods, said Century 21 Canada executive vice-president Brian Rushton. “However, homes in West 鶹ýӳare typically larger and when you break the numbers down on a per-square-foot basis, it’s actually the west side that is more expensive.”
Coming in just ahead of West Vancouver, as Canada’s third most expensive neighbourhood, is Toronto downtown ($818.86). According to the study, seven of the country’s top 10 most expensive areas are located in the Lower Mainland.
The 10 most expensive neighbourhoods in Canada are:
- Vancouver’s west side ($1,201 per square foot);
- 鶹ýӳdowntown ($962.75 per square foot);
- Toronto downtown ($818.86 per square foot);
- West 鶹ýӳ($816.61 per square foot);
- Vancouver’s east side ($718.75 per square foot);
- Oakville, Ontario ($627.33 per square foot);
- North 鶹ýӳ($625.75 per square foot);
- Richmond ($614.20 per square foot);
- Burnaby ($588.11 per square foot); and
- Toronto’s Richmond Hill ($585.31 per square foot).
Century 21 its list of priciest places in the world to buy residential real estate. 鶹ýӳranked sixth most expensive in the world to buy a condo and eighth priciest in the world to buy a single-family home.