What is the average cost of housing in Vancouver?

"I live in the Comox Valley on Vancouver Island. The area includes the towns of Comox, Courtenay and Cumberland, and the rural areas in between. Since Covid began, many newcomers are here and prices have gone through the roof! The average condo is $400,000, average townhouse is $600,000, and single family homes are higher. But prices are starting to fall as interest rates rise, and houses are not selling as fast. I recommend waiting a year to buy. That gives you time to explore the different areas, as each one has its own unique character," wrote a member who made the move to Canada.

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"The cost of housing in Vancouver is generally quite high. The average cost of a one-bedroom apartment in the city is around $2,000 per month, while the average cost of a three-bedroom house is around $3,500 per month. Prices can vary significantly depending on the neighbourhood and the type of property," explained one expat living in Vancouver, Canada.