Zillow British Columbia (2024)

FAQs

How much does a house cost in British Columbia, Canada? ›

The benchmark home price in British Columbia has declined to $977,900, 0.4% lower month-over-month and 1.8% lower year-over-year. Home sales in British Columbia have also decreased. 6,943 sales were recorded in July 2024, marking a 2.1% decrease year-over-year and down by 2.0% month-over-month.

Rightmove and Zoopla are popular alternatives to Zillow in the UK. Rightmove, with over 74% market share, offers a vast property database, email alerts, and sold price information, while Zoopla provides an estimated market value, smart maps search, and local area guides.

Current Vancouver MLS® stats indicate an average house price of $1,353,249 and 1,010 new listings in the last 28 days. As of today, Vancouver housing data shows median days on market for a home is 32 days.

Most likely because there is a shortage of inventory (homes for sale) in just about every market in the USA. Zillow, as well as the other websites, get their feed from the MLS's around the country. If there are fewer homes listed for sale in the MLS then there will be fewer showing up on Zillow.

The cheapest place to live in BC is Prince Rupert. Other places that are cheap to live in BC include Prince George and Dawson Creek. The most expensive cities to live in BC are Vancouver and Victoria.

With a thriving healthcare system and low crime rates, BC is a fantastic place to live for families and working individuals alike. Aside from fantastic career opportunities and good wages, British Columbia also offers a plethora of cultural sites and experiences to enjoy.

While Zillow has its own app (which is only available to users in the United States), Trulia is a popular alternative that is also available to international users.

There are seven main types of houses you can find in the UK: detached, semi-detached, terrace, end of terrace, bungalow, cottage and flats.

Zillow does have slightly more listings than Redfin, and buyers are more likely to find for-sale-by-owner (FSBO) properties on Zillow. This is because FSBO properties were previously not allowed on Redfin, so it's likely that there still aren't as many on the site compared to Zillow.

For real estate investors, looking to Canada can diversify one's portfolio of properties and generate an alternative source of rental income. U.S. residents can own property in Canada without becoming a resident of Canada, but must report income or proceeds from a sale to both country's taxing authorities.

Why are houses in British Columbia so expensive? ›

As one of Yan's charts suggests, a big reason housing prices rose so fast in Metro Vancouver and Toronto since 2001 is that mortgage rates (finance) dipped to record lows at the same time population growth (demand) soared and developers were not able to keep up with construction (supply).

FAQs on Best Places to Live in Vancouver

Downtown Vancouver, West Point Grey, Kitsilano, Yaletown and Gastown are the best areas in Vancouver as they are all close to universities and offer a blend of urban and country living.

Inaccurate Pricing

Your home's asking price is often the make-or-break factor in attracting interested buyers. If your house isn't getting the attention it deserves, the first place to scrutinize is the pricing strategy. It could be that your home is overpriced compared to similar properties on the market.

If your home has additions or renovations that don't appear in the data, its estimated value will not reflect those changes. Errors happen, so your value may also be low because of outdated or incorrect information about its previous sales prices or tax history.

You may notice your views and saves counter fluctuate once these 30 days are past, as you are no longer seeing the values from days outside of the current 30-day window. Please note that the number of saves is the current number of users that have the home saved in their profile for the past 30 days.

The average cost of living in BC for a single person for basic expenses is $1,362 without rent. Adding the average price of a one-bedroom rental unit will bring a single person's living cost up to $3,535. A family of four can expect expenses of $4,881, not including rent.

The Real Estate Market in BC

Despite the updates to market prices across Canada in 2022 & 2023, BC has a stable real estate market nationally, followed by Ontario's housing market. Moreover, Vancouver's housing market remains the most attractive area to buy a home in Canada, even compared to the Greater Toronto Area.

Canada's Average Home Price: $487,540

According to WOWA, the average price of a home in Canada in November was CA$646,134, which is $487,540 in U.S. dollars. “Homes in Canada appear to be about 19% more expensive, after the currency conversion,” Hodgson said.

In fact, BC is the most expensive in terms of buying & renting property, public transit, health care services, clothing, plane tickets, and more. BC had a median house price of $996,460 CAD in 2022 (around $720,000 USD).