Vancouver Average Selling Prices Over The Years
1992 = $244,000
2002 = $300,700
2012 = $749,300
Anybody else see a problem with this trend? Here's a hint - incomes have not gone up 250% from 2002 to today! Yes, there will always be high roller buyers snapping up million dollar properties in Vancouver but use your common sense and realize a price adjustment is on the horizon. If you are in the market for a Vancouver property - do your research, pick your ideal neighbourhood and sit tight - price will drop in the next 6-8 months!