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2009 Housing Prices
 

Type

Price

Qualifying Household Income*

Standard Two-Storey

 $645,700 $141,200

Detached Bungalow

 $576,300 $126,300

Townhouse

 $453,900 $99,000

Condo

 $327,500 $72,300

* Based on a 25% down payment and a 25-year mortgage loan at a five-year fixed rate -excluding maintenance fees.
Source: RBC. April, 2009.

 

Date

Average House Price

2008 Forecast

$593,500

2009 Projected

$540,100
Source: Royal LePage. 2009.

According to the International Housing Affordability Survey 2009, Vancouver was ranked at 262 out of 265 cities in six countries, so it's less affordable than New York (ranked at 251 place).
 

¤ Calgary

¤ Edmonton

¤ Montreal

¤ Ottawa

¤ Saskatoon

¤ Toronto

¤ Winnipeg

 

Average Rent for Two-Bedroom Apartments in 2007
$1,084.00 per month
 Source: Canada Mortgage and Housing Corporation. 2007.
 

 

2007 Average expenditure per household
 

Concept

Annual Amount

Food

$8,267

Shelter

$15,918

Household Operation

$3,248

Transportation

 $9,486

Personal Taxes

$15,157

Source: Statistics Canada. 2008.

 

Public Transportation

Type

Ticket

Monthly Pass

1 zone

$2.50

$73

2 zones

$3.75

$99

3 zones

$5.00

$136

Special fares for Seniors, kids, and students; & Special hours

Source: Translink. GVTA. 2009.

 

2005 Average Car Insurance in British Columbia
$1,324.99 per year
 Source: Car Test .ca
 

2009 Minimum Wage
$8.00 per hour

non-immigrant and immigrant FAMILY INCOME in vancouver
 

Family Type

Median Family Income

2000

2005

Non-immigrant

 $78,203 $80,127

Immigrant

 $60,316 $59,761
Difference $17,887 $20,366

Source: Statistics Canada, 2008.

 

Consumption Taxes
In the Vancouver (GVA), two different taxes are applied to products and services. The federal Goods and Services Tax (GST) is 6%, while the Provincial Sales Tax (PST) is set at 7.5% and applies to the selling price including the GST. Some items including groceries, restaurant meals, and books are PST exempt.
 

 

 

2007 Federal Income Tax

Net Income

Tax

Basic Personal Amount

0%

Up to $37,885

15%

Up to $72,769

22%

Up to $123,184

26%

Over $123,184

29%

Source: Canada Revenue Agency. 2008.

 

    

 

 

2006 Provincial Income Tax

Net Income

Tax

Basic Personal Amount

0%

Up to $33,755

6.05%

Up to $67,511

9.15%

Up to $77,511

11.70%

Up to $94,121

13.70%

Over $94,121

14.70%

Source: British Columbia Government. 2006

 

    
   

2009 TOTAL VIOLENT Crime Rate
Vancouver now Canada's gang capital, public safety minister says 'Gangcouver'
Reports on crime in Vancouver
 

    
   

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