The Catch

Vancouver's a great place to live. But...

Average bungalow price hits $500,000
Cozy character comes with a price
Derrick Penner, Vancouver Sun, October 4, 2005

The average price for a Vancouver bungalow hit almost $500,000 in the third quarter of 2005, Royal LePage Real Estate said Monday. The price of the average Vancouver bungalow rose 8.8 per cent, year over year, to reach $499,667.

The average bungalow on the city's west side hit $775,000, topping even West Vancouver, which saw the average bungalow go up 6.9 per cent to $695,000. The average condominium price in Vancouver went up 14.1 per cent, year over year, to reach $254,333, the report said.

For people moving in "prices compare favourably . . . with oceanfront cities elsewhere."

Nationally, the average price of a standard bungalow is $265,405.