I lifted this from Vancouver Housing Market Blog.
It illustrates what can be bought for $499G's in Ottawa, and $499G's in Vancouver.
The weather here isn't that fantastic, and I don't ski. So what's the big deal with Vancouver anyhow?
This is the house next door to me. It was bought sight-unseen for $450,000 in April 2006 (the house was intact then). It went on the market again right away at $550,000. A few people looked at it and walked away.
In July it was reduced to $539,000, then to $499,000. Finally, the guy that bought it decided to tear it down, and build a new place. It has a great view (over the laneway, and the house behind it) of the city, and the North Shore mountains.
Now here is what you can get in the South-East of France for the same money.link
Vancouver or France?
A sickening comparison between two houses priced roughly the same (the French Chateau being $109 less!...).
This was posted by 'exvancouverite' over at the Vancouver Housing Market Blog, and again at Vancouver Condo Info, and it gives a shocking comparison between house "values" in Vancouver and (in this case) France.
Here's the (West Side) of Vancouver house: $1,280,000 link
and here's the French "house": 899,000 Euros ($1,279,891 CAD)link
The Vancouver house is sitting on a 40'x~120' lot, while the French lot is over 1 acre...
If I had the $1.3 million to drop on a place, I would opt for the French place without more than .25/second of thought.
Which would you go for?
It should be noted that the Winter Olympics will not be hosted in the beautiful Loire valley in France, while the 2010 Winter Olympics will be hosted ~ 3 hours (by road) away from the Vancouver pad.
Ahh, now I see it - the Olympics have added huge value to the Vancouver pad because they might be able to rent the spare room out to Olympic visitors for $200/night.
I will be posting other such comparisons in the coming days, and will also be posting a rant about the 2010 Winter Olympics (if I can ever compose myself from my frothing lividity), so check back soon.
