The $2 million dollar barrier has been breached when it comes to homes on the westside of Vancouver versus the eastside. According to the CBC this newly sold eastvan home broke the $2 million dollar market with a list price of $2,150,000.
This new trend in Buyers moving from the westside to the eastside is very interesting and shows growth and improvement of some of the eastside neighbourhoods. Eastvan has always had a stigma attached to it and it is now evolving rapidly with the growth and demand of these higher class homes.
More Buyers get more for their money east of Main street but this is changing quickly.
Just like Yaletown was years ago, Crosstown is now and some other up and coming neighbourhoods, many Buyers try to find affordability in neighbourhoods that are less appealing. Once enough families move into the neighbourhood and clean it up, it becomes the next boom area, increasing property values.