Quote:
Originally Posted by Hockey Fan #751
So in a city like Vancouver where there are virtually no homes under $1 million, what do you do?
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There are approximately 1,200 homes in Vancouver proper under $1,000,000 right now. If you include metro Vancouver, but exclude the Valley (Langley, Abbotsford, Maple Ridge, etc.), there are about 7,500 homes under $1,000,000.
For context, there are about 4,000 homes priced between $1,000,000 and $2,000,000 in the same metro Vancouver area, excluding the valley, and 14,000 homes overall. So, a little more than half of the homes for sale in this area are under $1,000,000. I wouldn't say virtually no homes are under $1,000,000.