Homeowners in Vancouver believe their property values have increased by an average of $269,000, according to a BMO poll released May 6.
Vancouver owners believe they could sell their properties at an average price of $698,000 for all home types. Over one-in-four owners believe the values of their homes has more than doubled since they bought them. This is the second-highest amount of all the major cities in the country, with Montreal in first place at 48%.
Province-wide, those who own their own homes expect to be able to sell them for an average of $342,000 – an increase of $201,000 over what they paid. This is the highest in the country, followed by Alberta at $261,000.
Across Canada, the average homeowner expects to sell their homes for $370,000, which represents an increase of $142,000 over what they paid. One-third believe their home values have more than doubled.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.