People often come to Kitsilano to experience its bohemian atmosphere but fall in love with it for its heritage homes and endless coastlines. So, it’s no surprise that REW’s 2018 infographic reveals this established community was the number one choice in 2018. Kits beat out the eclectic Mt. Pleasant West neighbourhood, which was 2017 top hot spot.
Meantime, situated on the West side of Vancouver, Fairview experienced the largest growth with a 19 per cent increase over year in median list price. Its proximity to both waterfront and the downtown core, makes it a highly desirable enclave. Demand here has created more multi-family housing, while the number of detached homes has decreased.
With some of the priciest homes in the province – case in point, Lululemon founder Chip Wilson’s $78.8 million Point Grey residence - the median list price for a single-family home in the region is now $2.5 million, unchanged from last year, while condos are fetching upwards of $799,000, that’s up 10 per cent YOY. Our data also shows that the most common type of housing being searched for in Vancouver is a three-bedroom house priced between $1.25-$1.5M.