Every city has its most in-demand neighbourhoods, and in Vancouver they are none available. Strata.ca looks at a number of indicators to rank the communities most in-demand. Popularity is typically determined by assessing the following - the average sale price, average number of days that a home sits on market, plus the proportion of homes that have sold over asking.

Vancouver's most priciest neighbourhoods are none available. The average sold price is able to tell us where a neighbourhood ranks in terms of cost. If you can't afford a home in Vancouver's most expensive neighbourhoods - check out other areas which offer better value, including none available.

You may be surprised to discover that none available are Vancouver's most affordable neighbourhoods. We isolate these neighbourhoods by looking at the average sold price over a set period of time. Overall, houses in Vancouver are selling for an average of unknown.

Aside from mortgage payments, owning a house in Vancouver will require that you pay an annual property tax. This tax helps fund many local services, such as snow removal, fire protection, and much more. Property tax rates usually fall between 0.5 and 2.5%, and are set out by the local municipality. Vancouver homebuyers will often assume that the bigger the house, the more they'll pay. But this isn't necessarily true as the tax rate is multiplied by the home's current market value, which can change year-to-year based on recently sold properties. If your home's market value is $500,000, and the municipal property tax rate is 1% - your property tax for that year would be $5,000.

If you're seeking a new place to call home Vancouver, Strata.ca can help you. Our website lets you search for every property on the market. It's a one-stop-shop for your real estate journey. Want more than just listings' Strata.ca also offers historical data and property-ranking capabilities that other sites don't have. This kind of intel can give you an edge in the local market.

When looking for a house in Vancouver, many buyers will overlook the closing costs. It's important to be aware of what these costs are, so you can budget accordingly prior to making an offer. The average closing costs in this city will typically come to about 1.5% - 2% of the purchase price, although this can vary. For example, 2% in closing costs on an $800,000 house would be $16,000 that you need to budget for. All buyers are subject to the province's land transfer tax. The most common way to reduce this tax is by applying for the first-time homebuyer rebate. And finally, when buying a home in Vancouver, you'll need a real estate lawyer to close the deal. Although fees can vary, expect to set aside somewhere around $1,500 - $2,000 on closing to cover your legal costs.