3 ms·

Quarter of a million?! Maybe in 2009. Now, 1/2 a million.

• jackcosgrove 10y ago
  I'm figuring for the down payment.
  • cperciva 10y ago
    In Vancouver, $500k is more plausible. The minimum downpayment for >$1M properties is 20%, and the average selling price for a detached house in Metro Vancouver last month was $1.8M; in the City of Vancouver proper, it was well over $2M.
    • jholman 10y ago
      Hang on, I thought we were discussing whether the area is "closed off from those without at least quarter of a million dollars saved up". Isn't that the topic of this thread? First of all, someone buys the below-average homes, right? So it's hardly "closed off" just because someone can't afford the mean (or median?) detached home value. What's the twentieth-percentile home value? Second of all, what do detached home prices have to do with this? Live in a condo, like reasonable people do. The minimum down payment for a 2 bedroom 2 bath condo in my East Van building would be around $40k.