Vancouver real estate: what $1 million can buy in Canada’s most expensive city

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      More than five years ago, Vancouver resident Eveline Xia sparked a social media campaign about housing in the city.

      It went with the hashtag #DontHave1Million.

      The message was simple: no million dollars, no home.

      That was 2015.

      It did not take long before a counter-campaign emerged.

      Development company Wesgroup Properties came up with #dontneed1million.

      The message was clear: one does not need a million bucks to own a home in Vancouver.

      Fast forward to summer 2020, a look at recent transactions shows what buyers purchased for $1 million.

      The deals were tracked by fisherly.com, a real-estate market monitoring site.

      The transactions count among the total of 114 different home purchases made from July 25, 2020, to the time of this writing at mid-morning of Sunday (August 9).

      One was a two-bedroom, one-bath townhouse listed by RE/MAX Select Properties.

      The Mount Pleasant property at 2932 Sophia Street sold for $1 million after seven days on the market.

      Featuring a front garden and private backyard patio, the townhouse was originally listed for $890,000.

      “Steps to the restaurants, breweries, and shops of vibrant Main St, this stunning corner unit has been lovingly restored from top to bottom—including new kitchen, bath, hardwood floors, gas fireplace, custom built-ins, and more,” the listing proclaims.

      The townhouse is part of a “heritage complex” in Mount Pleasant.

      Next on the list was a condo unit in the trendy neighbourhood of Kitsilano.

      RE/MAX Select Properties listed 209–1868 West 5th Avenue for $988,000.

      The two-bedroom, two-bath condo is part of the Greenwich West project of Polygon Homes.

      The corner-unit property sold for $1 million after six days on the market.

      “Excellent location (96 walk score) close to shops, gourmet restaurants, transit, Arbutus Greenway and Kits Beach,” the listing boasts.

      Listed by RE/MAX Select Properties at $988,000, condo unit 209 at 1868 West 5th Avenue went for $1 million.

      Third on the list was a condo unit at the downtown Telus Garden development.

      Jovi Realty Inc. listed 2201-777 Richards Street for $1,148,000. The listing was terminated on July 13.

      A new listing on the same day reduced the price to $1,098,000. It sold on July 28 for $1 million.

      The two-bedroom, two-bath property comes with a den.

      The listing acclaims that the 891-square-foot condo “opens to an outdoor wrap-around balcony with a captivating cityscape view”.

      Jovi Realty Inc. sold condo unit 2201 at the 777 Richards Street development known as the Telus Garden for a reduced price of $1 million.

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