In his latest snapshot of housing unaffordability, researcher Andy Yan shows the percentage of Metro Vancouver homes valued over $1 million rose from 28 per cent to 43 per cent in 2016.
For the past five years, Yan’s so-called “million dollar line” looking at home values based on data from B.C. Assessment has been a visual way to capture the geographical divide in housing prices.
At first, the symbolic measure sat around Main Street between Vancouver’s west and east sides before drifting eastward beyond Fraser Street. Last year, for the first time, it fanned out as Yan accessed data to include rising prices for homes across Metro Vancouver.