$2.4M ‘Teardown’ sums up the Vancouver housing market

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It’s missing a few shingles, the bathroom wall shows some rot and it needs a paint job, but a tiny home in a tony Vancouver neighbourhood has been listed for nearly $2.4 million — a price experts say sums up the state of the city’s housing market.

The new listing by the Kavanagh Group features photographs of the three-bedroom, two-bathroom house built in 1930.

 

Housing affordability has been a hot-button issue in Vancouver and the surrounding region in recent years as bidding wars have erupted and property values skyrocketed. The average selling price for a single-family home on the city’s west side is above $2.5 million, according to recent data from the mayor’s office.

 

Still think Toronto is expensive ?

 

 

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