86.5% of Vancouverites Net Income Goes Towards Home Ownership


Real Estate ownership in Vancouver just got more expensive as it went up 0.9% and 0.6% for bungalows and detached homes. What this means is that the medan percent of net income for home owners in Vancouver are spending upwards of 86.5% on owning their homes.


This is measured on the percentage of median net taxable income. In other words, this is money that could be spent elsewhere, pleasure, entertainment, dining, vacations, and more.


In 2014 there was an increase of 0.6% to 82.4% for bungalows and an increase of 0.9% to 86.5% for detached two-storey homes and a decrease of 1% for condos to 39.9%. This is all according to the latest RBC Housing Trends and Addordability.


Metro Vancouver's real estate market has improved dramatically since the collapse in 2008/9 and the slow market in 2012/13 but the increased sales and growth in 2014 has returned investors and lenders back to this relatively stable market.


Never-the-less Vancouver remains the most unaffordable city in Canada, compared to the rest: (based on median net household income)


  • Bungalow: 82.4%
  • Two-storey home: 86.5%
  • Condo: 39.9%


  • Bungalow: 56.1%
  • Two-storey home: 65.3%
  • Condo: 34.2%


  • Bungalow: 38.9%
  • Two-storey home: 50.9%
  • Condo: 30.5%


  • Bungalow: 36.4%
  • Two-storey home: 38.1%
  • Condo: 24.7%


  • Bungalow: 34.5%
  • Two-storey home: 35.0%
  • Condo: 20.4%
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Your Email (will not be published): *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.