Comparisons between Vancouver:San Francisco neighborhoods and real estate costs
December 5, 2012 4:57 PM Subscribe
For those with experience in both the Vancouver and San Francisco real estate markets, how would you compare the two? Can you offer any examples of similar neighborhoods?
posted by thewalrus to Work & Money (4 answers total) 1 user marked this as a favorite
Native Vancouverite with extensive knowledge of Vancouver real estate would like to know more about SF.
For example: What's the San Francisco equivalent to the West End/West of Burrard neighborhood? I don't mean "where is equivalent to Davie Street", I'm wondering what neighborhoods close to the SF CBD have a similar selection of condos and apartments in roughly analogous price ranges.
It's well known that both Vancouver and SF have some of the most expensive real estate in North America, so for house purchases, it may be possible to draw parallels between the two. Can anyone offer examples? Vancouver: 85-year old "fixer upper" houses have recently been selling on far east Pender for $980,000. Houses in Kitsilano that were $600,000 ten years ago are $1.45m+ in the current bubble. What's the SF equivalent to that?
I'm most interested in information about the SF peninsula itself, not east bay real estate knowledge. The Vancouver equivalent to this in terms of commute time would be info about Vancouver and Burnaby only, though the Canada line includes Richmond as well now.
Last question: Where does a person of middle class financial means want to avoid renting or purchasing? Example: You wouldn't advise an out-of-town friend to rent a condo near Hastings and Main in Vancouver, if something was available in the same price range in a better area.