Vancouver, Canada
Real Estate in Vancouver, Canada
Last updated on Mar 02, 2023
Summary: The average cost of a nice 2 bedroom home in Vancouver, Canada is around $1,000,000 CAD. The average cost of a nice 3 bedroom home in Vancouver is around $1,500,000 CAD. These properties typically include modern amenities such as stainless steel appliances, hardwood floors, and updated bathrooms. Some may also include a balcony or outdoor space. There are no restrictions on foreign ownership for properties in Vancouver. However, foreign buyers are subject to a 15% property transfer tax. An expat looking to buy a home in Vancouver should begin by researching the different neighborhoods and researching the local real estate market. They should also consider their budget and what type of amenities they are looking for in a home. The most desirable neighborhoods in Vancouver include Kitsilano, Yaletown, and West Point Grey. These neighborhoods offer a variety of amenities, including access to parks, restaurants, and shopping. They also offer easy access to downtown Vancouver and the surrounding areas.
How do I find a place to live in Vancouver?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One of the best ways to find a place to live in Vancouver is to use online resources such as Craigslist, Kijiji, and PadMapper. These websites allow you to search for rental properties in Vancouver and surrounding areas. Additionally, you can also use local newspapers and real estate agents to find rental properties. It is also a good idea to attend open houses and viewings to get a better idea of the rental market in Vancouver. Finally, networking with friends and family who live in the area can be a great way to find out about potential rental properties," said one person in Vancouver.
"I bought a house near where my daughter initially wanted to go to school. She changed her mind before we moved in, wanting to attend school in a different town. So we moved 4500 miles together only to live 30 miles apart. She boarded, came home at weekends. Soon as my residency permit came through, I sold the house and bought one in the gulf islands," remarked one foreigner who made the move to Vancouver.
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About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
