Vancouver’s westside and downtown are Canada’s priciest neighbourhoods (Vancouver houses and apartments) in terms of price-per-square foot (PPSF), according to a Century 21’s recent study.
The study states that the average PPSF for a home in Vancouver West Side is $1,210 and the PPSF for a home in downtown and West Vancouver is $962.75 and $816.61, respectively.
The third most expensive neighbourhood is Toronto downtown at $818.86 PPSF.
According to the study, seven of the country’s top 10 most expensive areas are located in the Lower Mainland.
The 10 most expensive neighbourhoods in Canada are:
- Vancouver’s west side ($1,201 per square foot);
- Vancouver downtown ($962.75 per square foot);
- Toronto downtown ($818.86 per square foot);
- West Vancouver ($816.61 per square foot);
- Vancouver’s east side ($718.75 per square foot);
- Oakville, Ontario ($627.33 per square foot);
- North Vancouver ($625.75 per square foot);
- Richmond ($614.20 per square foot);
- Burnaby ($588.11 per square foot); and
- Toronto’s Richmond Hill ($585.31 per square foot).