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Written on December 14th, 2015

South Surrey/ White Rock Real Estate and Mortgages

Least Affordable Place To Live In Canada


Canada Mortgage and Housing has conducted a recent survey and found the average house price in Vancouver to be: $909,293.

Based on a 25 year mortgage, with 20% down, at a rate of 2.5%, a buyer would need to earn: $120,297.00 to purchase this $909,293 home.

Even in our South Surrey/White Rock area, buyers are having to look to older homes or smaller lots, to purchase a home for less than $909,293.00.

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The Walker Real Estate Team

HomeLife Benchmark Realty