Vancouver Real Estate & Homes for Sale

In 2016, there were 283,916 privately occupied dwellings in Vancouver (30% of the region). The number of dwelling units in the City of Vancouver is expected to grow from 265,100 in 2011 to 362,000 by 2041. Under a high regional growth scenario, the 2041 projections for Vancouver would increase to 373,000 dwelling units.

• Vancouver has various houses, including Detached houses, Semi-detached houses, Townhouses, Condominiums, etc.

• Between 2011 and 2016, Vancouver's number of private households increased by 21,655 units to 283,915.

• In 2016, 174,635 (62%) of the 283,916 total occupied dwelling units in the City of Vancouver were apartments. 83,250 of these apartments had five stories or more, and 91,385 had fewer than five stories.

• In 2016, 109,260 (38%) of the 283,916 total occupied dwelling units in the City of Vancouver were ground-oriented dwellings. Of these dwellings, 41,330 (15%) dwelling units were single-detached houses, 57,450 (20%) were duplexes, and semi-detached houses, 9,845 (3%) were row houses, and 635 (<1%) were other ground-oriented dwellings.

• In 2016, the City of Vancouver had an average household size of 2.2.

VANCOUVER HOUSING MARKET

DETACHED

• Active Listings: 3,736

• Sales: 945

• Benchmark Price: $1,807,100

TOWNHOUSE

• Active Listings: 1,113

• Sales: 8576

• Benchmark Price: $952,600

APARTMENT

• Active Listings: 4,156

• Sales: 1,631

• Benchmark Price: $735,100

A total of 3152 houses were sold in August 2021. There was a 3.2% increase in the total number of houses sold in Vancouver compared to last year. A positive change was seen in the transactions which involved houses for sale in Vancouver. The transactions involving houses for sale in Vancouver saw an increase of 105 sales compared to sales in August 2020 which were 3047.

Demographics

• Age: Vancouver's 2021 population is now estimated at 2,606,351. In 1950, the population of Vancouver was 556,369. Vancouver has grown by 25,272 since 2015, which represents a 0.98% annual change. Vancouver has the highest population density in Canada, with over 5,400 people per square kilometer.

• Diversity: Vancouver's main characteristic is cultural diversity. No ethnic group (Chinese, English, French, Indian, Irish, Scottish, German) forms a majority, and neither of them accounts for more than 25% of the population. Surprisingly, around 52% of the total population has a mother tongue other than English. Therefore many languages are spoken here, such as Mandarin, Japanese, Hindi, Punjabi, etc.

• Religion: The following percentage represents the percentage of population oriented towards their respective religions:

• 42% No Religious Affiliation

• 42% Christian

• 3% Buddhist

• 7% Sikh

• 3% Muslim

• 1% Jewish

• 1% Hindu

• 1% Others

• Education: Public Schooling is free in Vancouver. On the other hand, private schools also provide excellent education, but admission in such schools is selective. Post-secondary: Vancouver has a large number of institutions to choose from. The University of British Columbia and Vancouver Film School are the two mention-worthy institutions.

Employment

• The employment rate in Vancouver, BC is growing at a rate of 0.28% per year over the past 15 years from 2001 to 2016.

• The unemployment rate in Vancouver, BC is declining at a rate of 0.18% per year over the past 15 years from 2001 to 2016.

Labour Force by Occupation:

• Management: 44675

• Business & Finance: 59,815

• Sciences: 32,835

• Health: 24,835

• Education, Law & Government: 46,190

• Art & Sports: 27,850

• Sales & Service: 90,330

• Trades & Transport: 26,730

• Natural Resources: 3,365

• Manufacturing: 8,050

Recreation

MOUNTAINS & WATER

Mountains and water is the first that comes to anyone's mind who thinks about Vancouver. It is situated on a peninsula, which means it is surrounded by water on three sides. Plus, the landscapes formed by snow-capped mountains form breathtaking views.

HOLLYWOOD NORTH

Due to the large number of shows filmed in Vancouver, it is nicknamed Hollywood North. Vancouver's film industry shoots more than 60 T.V and movies every year, including X-files, Riverdale, Snowpiercer, and Battle Star Galactica.

CELEBRITY SPOTTING

Vancouver is the favorite city of many celebrities. Besides, People can spot many movie stars here, such as Dwayne (The Rock), Johnson, John Cena, Jennifer, etc. The city is a popular spot for people who are trying to enter. The film industry is growing fast and provides high-paying jobs for everyone involved, not only the actors.

OUTDOOR ACTIVITIES

Vancouver outdoor activities are one of the city's main attractions for international visitors as well as locals. Hiking, skiing, snowboarding, mountain biking, cycling, paddle boarding, and other water sports are familiar sights throughout the city. These activity spots are accessible to every resident within reach of a 30-minute drive.

PICTURESQUE CITY

One of the biggest takeaways from Vancouver is how beautiful the city is. Vancouver feels as if you are walking through a giant green park with some houses here and there. The wet rainy weather and evergreen trees make the city lush and green all year round.

STANLEY PARK

Stanley Park is one of many gems in Vancouver city's crown. The park is a centerpiece of the city and allows residents and visitors to escape the hustle and bustle of city life and enjoy the beautiful greenery and nature.

SEAFOOD

Sushi restaurants are a highlight of visiting Vancouver, with enough sushi restaurants that you can eat at a different one every day of the year and still not eat at them all.

Transportation

Following data determines the choice of commuters for commuting to their workplace. The primary mode of commuting for the employed labor force aged 15 years and over in private households with a usual place of work or no fixed workplace address: 315,325

• Car, truck, van - as a driver: 143,18

• Car, truck, van - as a passenger: 11,400

• Public transit: 93,675

• Walked: 43,155

• Bicycle: 19,355

• Other method: 4,545

Visitors

TransLink is Metro Vancouver's regional transportation authority and operates a public transit system consisting of a network of buses, the SkyTrain, and the SeaBus.

Buses

Vancouver's busiest bus routes run from 5 a.m. to 1 a.m., with a more limited NightBus service filling that gap in the early hours of the morning.

SkyTrain

Vancouver's SkyTrain is a wholly automated light rapid transit system, offering fast, efficient service between downtown and Metro Vancouver's suburbs.

SeaBus

SeaBus is a unique, passenger-only, wheelchair-accessible ferry service that connects downtown Vancouver's Waterfront Station to Lonsdale Quay on the North Shore. The scenic crossing of Burrard Inlet takes 12 minutes and offers a breathtaking perspective of the city, sea, and mountains.

Vancouver International Airport

Vancouver International Airport is the international airport serving Vancouver and its surroundings. It is the second busiest airport in Canada in terms of passenger traffic behind Toronto Pearson Airport.

Neighborhoods:

The city is divided into 22 official neighborhoods to break up its vast geographical area to deliver its services. Some of the significant neighborhoods are Downtown, Mount Pleasant, Riley Park, etc.

FAQs (Vancouver Real Estate)

What is the cost of a condo apartment in Vancouver ?

The estimated cost of a condo apartment in Vancouver is $735k.

What is the value of a single-family detached house in Vancouver ?

As for August 2021, the benchmark price for a single-family detached house in Vancouver is $1807100

What is the selling price of a townhouse in Vancouver ?

The selling price of a Townhouse in Vancouver is $735,100.

What is the benchmark price for houses for sale in Brampton ?

The benchmark price for all houses for sale in Vancouver is $1,176,600.

How much change is seen in prices of houses for sale in Vancouver compared to last year ?

The home prices in Vancouver experienced a 13% increase.