There is no denying that 2015 was a banner year for real estate prices. The cost of a home in Metro Vancouver rose on average 17.8% between November 2014 and 2015, but certain neighbourhoods took the cake for the biggest climb in prices. EstateBlock.com, a property search engine, has mapped out which specific areas in Vancouver were the most (and least) expensive this year.
The researchers created nine heat maps for each type of residential property; single family homes, condos, and townhomes, and listed their benchmark price for November 2015 along with their price change over one month and one year. The data isn’t just great for homeowners hoping to cash in on the appreciation of their property – the maps also list the least expensive neighbourhoods where first-time buyers could sink their teeth into.