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Is $2 million the New $1 million?

Andrew Yan January 28, 2016
Urban Research

 

Above Image: NASA Earth Observatory image created by Robert Simmon and Jesse Allen

 

2016_2mline

In a continuation of the previous post’s theme, this entry presents the $2 million line for Total Property Values for Single Family Homes (SFHs) in the City of Vancouver and how it has advanced in a single year (July 2014 to July 2015) from 23% of all properties in single family home districts in 2015 to 32% which is 39% increase in $2 million plus homes in one year. The $2 million boundary in 2016 represents the $1 million boundary for SFHs a few years ago which is between a blurred line between Cambie and Ontario Streets.

2015_2mline