More of Vancouver’s suburbs are seeing growth in the number of properties valued at $1 million or more according to new research. A study by BTAworks’ researcher Andrew Yan shows that 28 per cent of properties (111,659) in Metro Vancouver had 7-figure assessments at the start of July 2014 (known as the 2015 assessment) compared with 23 per cent a year earlier.

Neighbourhoods such as Maple Ridge, Port Moody and New Westminster have joined the $1m+ club alongside the likes of Burnaby, Richmond and North Vancouver. For the city of Vancouver there was a rise of 12 percentage points from 2013 to 2014 with 63 per cent of detached homes valued at $1 million or above. 
 

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate


More market watch: