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2009 Housing Prices
Vancouver, British Columbia has the
least housing affordability among 272 cities in
Australia, Canada,
Ireland, New Zealand, the United Kingdom and the United States.
|
Type |
Price |
Qualifying
Household Income* |
|
Standard Two-Storey |
$678,900 |
$135,500 |
|
Detached Bungalow |
$610,700 |
$122,000 |
|
Townhouse |
$464,400 |
$92,700 |
|
Condo |
$351,500 |
$70,600 |
|
* Based on a 25% down
payment and a 25-year mortgage loan at a five-year fixed rate
-excluding maintenance fees.
Source: RBC.
November 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).
|
|
|
Average Rent for Two-Bedroom
Apartments in 2009
$1,154.00 per month
Source: Canada Mortgage
and Housing Corporation. 2009.
|
|
|
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.
|
|
|
|
2009 Federal Income Tax
|
Income |
Tax Rate |
|
On the first $40,726 of taxable
income, + |
15% |
|
On the next $40,726 of taxable
income (on the portion of taxable income between $40,726 and
$81,452), + |
22% |
|
On the next $44,812 of taxable
income (on the portion of taxable income between $81,452 and
$126,264), + |
26% |
|
Taxable income over $126,264. |
29% |
|
Source: Canada
Revenue Agency. 2009. |
|
|
|
|
|
|
2009 Provincial Income Tax
|
Income |
Tax |
|
Basic Personal Amount |
0% |
|
On the first $35,716 of taxable
income, + |
5.06% |
|
On the next $35,717, + |
7.7% |
|
On the next $10,581, + |
10.05% |
|
On the next $17,574, + |
12.29% |
|
On the amount over $99,588 |
14.7% |
|
Source: British
Columbia Government. 2009 |
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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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www.canadaimmigrants.com |
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