Vancouver East Homes for Sale

Vancouver East Homes for Sale

Vancouver East Homes | Real Estate for Sale

East Vancouver (also “East Van” or the “East Side”) is a region within the City of Vancouver, British Columbia, Canada. Geographically, East Vancouver is bordered to the north by Burrard Inlet, to the south by the Fraser River, and to the east by the city of Burnaby. East Vancouver is divided from Vancouver’s “West Side” (not to be confused with the “West End” of Downtown Vancouver or with West Vancouver) by Ontario Street.

Housing, affordability and gentrification

In May 2007, the typical housing (“benchmark”) price of a single-detached house in East Vancouver was $627,758 (a 9% increase over the previous year and a 90% increase over the previous five years).[21] Many home owners in East Vancouver rent out their basement suites to assist with mortgage payments.
Increased housing prices are causing changes in East Vancouver neighbourhoods, such as fewer new immigrants moving to the area and decreasing affordability for artists, seniors, young families and others.

Other general Vancouver housing concerns include increasing rental rates due to speculation associated with the Vancouver 2010 Olympics and recent provincial economic growth.

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