Nowadays, more and more people are buying houses in Vancouver, because buying a house in Vancouver can meet the needs of many people, whether they are international students or immigrants starting a business, Vancouver can satisfy everyone. So how much is a house price per square meter in Vancouver? What should you pay attention to when buying a house in Vancouver? Let’s find out together!

How much does a house in Vancouver cost per square meter?

We need to know that houses in Vancouver are not calculated in terms of "square meters", but in terms of "square feet", and 1 square foot is equal to 0.093 square meters. House prices in Vancouver cannot be calculated based on the unit area of ??the house, but based on the area of ????a building. The price difference of houses in Vancouver is also relatively large, some are more than 3 million Canadian dollars, and some can be bought for only 1.5 million Canadian dollars.

What should you pay attention to when buying a house in Vancouver?

1. The first priority when buying a house

In fact, the most important factor that determines the value of real estate is the location, so the most important thing when buying a house is to first Look at the location. However, houses in good locations are also more expensive. For example, in Vancouver, there is a big price difference between houses in good locations and ordinary houses.

2. It is more comfortable to search for a house online

When we determine the budget for a house, we can browse more information online, because the online information is relatively wide and it is very convenient to search.

3. When buying a house, you should look at the neighbors

Before buying a house, in addition to looking at the quality and price of the house, it is also very necessary to understand the neighborhood of the community. It is necessary to check the information of the community in advance, such as the occupation of the neighborhood, average income, crime rate, etc. Before buying a house, you can walk around the community and chat with the neighbors to see if the people are friendly to others. We also need to look at the community environment and public security, which after all are related to future housing security.

4. About loans

The Bank of Canada stipulates that all large banks must take the borrower's repayment ability into consideration when processing non-resident loan applications. Therefore, when applying for a loan, the lender must submit proof of income. Secondly, the market rental value of the house to be purchased must be examined. If the potential income exceeds the expenses related to the house, the loan can be approved.