$3-million is the new $1-million


In 2014 Metro Vancouver's high end housing marketing went from hot to scorching with homes surging higher and higher in value.


In the first eight months of this year there were almost 600 homes sold in Greater Vancouver that sold for more than $3-million. This represents almost $2-billion in real estate luxury investment that changed hands already this year in what the Canadian government predicted to be a slow market.


This activity has coined the phrase "$3-million is the new $1-million" in the Vancouver area. In Vancouver a $1-million property can be a drive by listing with much needed renovations and potential investment issues. In Vancouver last year the city did a property assessment of all homes in Vancouver proper and 37,800 homes were valued at $1-million or higher.


The benchmark home price in Vancouver's desirable Westside are valued at: $2,284,400

No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Please type the text as it appears above:

"I am committed to going the extra mile to ensure that your needs are successfully met in a professional manner!"


- Patti Caldwell


Send me a message or give me a call at



*indicates required fields.
Your Email:*
Your Name:*
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.