See photos of three little houses in the Kitsilano district that are priced over $800,000 while a palatial ocean-front hotel in Donegal just sold for $860,000. Donegal is an outlier but the Vancouver listings are not. This is Canada's achilles heel.
Link to GlobalEconomicAnalysis
"Irish real estate prices have crashed since
2007-08, when the so-called "Celtic Tiger" economy collapsed. Home
values have fallen more than 60 percent below their peak five years ago,
and commercial properties have suffered similar declines.There you have it: "amazing views" in Vancouver for $899,000 vs. "amazing views" in Donegal for $860,000."
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2119 East 3rd Ave, Vancouver $899,500
MLS® Number V934050 | | | | | | |
And in Donegal, Ireland. Purchaser was pleased to keep on the staff of fifty.
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| Hotel on the Donegal coast. Lovely interior. |
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