More is better: Victoria is WAY cheaper than Vancouver by square footage
Victoria’s real estate has a reputation for offering a taste of West Coast luxury without the Vancouver price tag, but is it actually a better deal when you break down the price per square foot?
In the heart of Vancouver, a downtown condo costs about $1,113 per square foot, while in Victoria, condo hunters pay a much lower average of $694 per square foot.
For townhouse buyers, Victoria averages around $452 per square foot, while Vancouver doesn’t offer a direct comparison — but the savings in Victoria are still noticeable.
For those eyeing detached homes, Vancouver’s prices vary wildly: on the west side, they soar to $1,161 per square foot, with east-side homes averaging $977 and the citywide average sitting around $890.
Victoria? You’ll find detached houses here at an average of $567 per square foot — a welcome break for anyone keeping an eye on their budget.
In short, while Vancouver’s prices can easily stretch the wallet, Victoria offers a tempting alternative with significantly lower price tags, especially for condo and house hunters looking to keep costs in check without sacrificing the West Coast lifestyle.
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If those prices are getting you down, and you’re wondering where the most budget-friendly spot in Canada is, Century 21 has you covered: Saint John, New Brunswick, comes in as the most affordable place to buy, with detached houses averaging just $186 per square foot.
Curious about the price per square footage across Canada? Check out the data here.