50 BCBusiness March 2015 daTa courTesy oF Macdonald realTy; Map: sTesha ho
1. Vancouver East
(east of Main Street) .....................192.8
2. Vancouver West
(west of Main Street) ...................182.9
3. West Vancouver ............................179.4
4. Richmond ..........................................172.8
5. Burnaby South ................................168.9
6. Burnaby East ...................................167.2
7. New Westminster .........................162.9
8. Burnaby North ................................162.0
9. Coquitlam..........................................158.7
10. Tsawwassen ...................................156.7
11. North Vancouver ...........................155.9
12. Ladner ................................................155.6
13. Port Moody ......................................150.9
14. Port Coquitlam ................................147.1
15. Pitt Meadows .................................147.0
16. Squamish ..........................................136.4
17. Maple Ridge .....................................133.9
18. Bowen Island ..................................126.2
19. Sunshine Coast ..............................123.4
20. Whistler.............................................116.0
WEST
VANCOUVER
NORTH
VANCOUVER
VANCOUVER
WEST
VANCOUVER
EAST
BURNABY
RICHMOND
LADNER
TSAWWASSEN
4
5
2
1
3
There Goes the
neighbourhood
what gentrification really looks
like in Metro vancouver
by Trevor Melanson
Real
Estate
2015
K
itsilano: synonymous with yuppies,
yoga pants and pumpkin spice lattes.
But in the '70s, the west side Vancou-
ver neighbourhood was a low-rent
hotbed for students, artists and activists.
As late as 1976, you could buy a detached
home there for $93,500; last fall, that same
house—with minimal renovations—was
fetching $2.1 million. But that's just how
gentrification works: today, a cool, ran-
dom place to buy a cheap pint—tomorrow,
a symmetrical patchwork of $4 gluten-free
croissants, $1,500 strollers and multimil-
lion-dollar condos. And these days, Kitsi-
lano isn't even seeing the worst of it.
The MLs Home Price index
How sale prices for typical homes have changed
from a January 2005 baseline of 100.
source: Multiple listings service
How Hot Is
Your Market?
