House prices warning for Vancouver

Vancouver’s average price for a new or existing detached family home has now reached $1.9 million.

Vancouver’s average price for a new or existing detached family home has now reached $1.9 million and a local credit union says if the trend continues the cost will be $4.4 million by 2030. The Globe and Mail reports that Vancity’s projection has been called theoretical and fantastical but in response the credit union says it is meant to sound the alarm on escalating prices. 

 

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