Real Estate Guides

Where to Buy a Townhouse in City of Vancouver in 2019 – Full Ranking

If you're looking for a relatively cheap townhouse, don't bother looking in the City of Vancouver. Average prices hover close to $1-million. But if you want a great urban work/life community with easy transit access, then this list will help you find the deals
Where to buy townhouse in city of Vancouver 2019
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When it comes to buying a townhouse, the City of Vancouver makes up more than 10% of the neighbourhoods in the Greater Vancouver Area where buyers can buy. With just under 40 neighbourhoods that offer townhomes (although, some communities will offer more selection than others), it’s hard to narrow down where to look. To help, we ranked the 38 neighbourhoods (32 if you omit neighbourhoods with no townhouse sales in 2018), based on three main criteria: value, momentum and economic outlook.

To be clear, our “value” category does not equate with cheap. Just because a neighbourhood offers cheaper priced housing doesn’t make it a great deal. What will make it a great deal is when the neighbourhood is on an upward momentum. To help identify those spots, we look for neighbourhoods whose prices steadily appreciate over time, and don’t fluctuate wildly (perhaps signalling a micro-bubble).

That said, we did notice a worrisome trend this year: Neighbourhoods that ranked high in our list, despite price corrections. When we examined these results what we found is that these neighbourhoods still hold value, but their momentum was thrown off in the last few years when desperate buyers overpaid to get into the market.

Finally, to determine a community’s current economic health and future possibilities we polled local experts: Realtors who specialize in these communities. The aim is to find local knowledge about the neighbourhood in order to capture potential hot-spots before they are well known. A good example, from a few years ago, is the Hastings East neighbourhood. For a long time, this was a rough-and-tumble community. While these elements are certainly still present, many local businesses and artists have flocked to this area helping to create a funky, vibrant feel. This has attracted more businesses, some big developers — as the Airey Group, who is responsible for the Oxford East Hastings project, a 38 unit located at 2141 East Hastings — and, of course, homeowners.

This year’s No. 1 ‘hood isn’t cheap

When it comes to real estate, anything over $1-million doesn’t sound affordable, yet, this year the top neighbourhood of False Creek has an average townhouse price that’s just below $1.16-million. Ouch.

Why the big price-tag, high-ranking? When compared to other Vancouver West neighbourhoods, False Creek townhouse prices are, on average, about 2.7% cheaper. Even with a $1.2-million home-buying budget, saving $32,400 sounds good. And then there’s the neighbourhood. It’s a tourist-destination; a hipster hangout and probably one of the coolest neighbourhoods in the City of Vancouver. Easy access to transit, nature and urban amenities make this a sought-after community and it shows. In one-year — the worse real estate year in a decade — prices for townhomes in False Creek rose by 15%. Over five years the price appreciation has been an astonishing 119%.

Of course, much like stock past performance cannot predict future returns, but we feel confident that this neighbourhood will retain its value and potentially appreciate better than other communities over the next few years.

Below is the full list that ranks each community based on the highest overall scores in value, momentum and economic desirability.

You can narrow down your townhome search by using the search function to display neighbourhoods only within a certain area (city) or district (larger municipality area).

RANKDISTRICTAREANEIGHBOURHOOD2018 Avg. price% price differential vs. Area% price differential vs. DistrictVALUE SCORE% 1-Year Appreciation% 5-Year AppreciationMOMENTUM SCOREWALKTRANSITAVERAGE REALTOR SCOREFINAL SCOREOverall Rank
1Real Estate Board of GVVancouver WestFalse Creek$1,159,581.0097.3%140.6%188.7%30.9715%119%76.8853.9278.00927.8080.8267.3715
2Real Estate Board of GVVancouver EastCollingwood VE$936,058.00102.2%113.5%152.3%36.799%88%71.7854.2963.00916.8972.7463.5135
3Real Estate Board of GVVancouver WestMarpole$1,252,695.00105.1%151.9%203.8%25.36-14%154%66.0445.7075.00717.9777.5261.6152
4Real Estate Board of GVVancouver EastKillarney VE$693,013.0075.6%84.0%112.7%65.553%64%39.5852.5768.00627.1369.0860.8263
5Real Estate Board of GVVancouver EastHastings$978,914.00106.8%118.7%159.3%30.82-2%87%59.4645.1469.00657.1269.7257.4385
6Real Estate Board of GVVancouver WestUniversity VW$2,029,747.00170.3%246.1%330.2%3.9121%78%71.0437.4796.00797.3576.8557.1688
7Real Estate Board of GVVancouver WestDowntown VW$1,079,054.0090.5%130.9%175.6%37.43-6%74%39.6838.5592.00886.9775.6257.0890
8Real Estate Board of GVVancouver WestFairview VW$1,065,958.0089.4%129.3%173.4%38.99-4%53%26.8532.9295.00857.6780.1756.5494
9Real Estate Board of GVVancouver EastKnight$1,033,783.00112.8%125.4%168.2%23.934%76%56.5340.2365.00707.3972.2556.2497
10Real Estate Board of GVVancouver WestSouth Granville$1,690,247.00141.8%205.0%275.0%7.958%88%63.9635.9698.00966.7876.4856.2298
11Real Estate Board of GVVancouver EastFraser VE$1,033,035.00112.7%125.3%168.1%24.57-6%119%66.5245.5591655.8362.9054.23116
12Real Estate Board of GVVancouver WestCoal Harbour$2,465,063.00206.8%298.9%401.0%2.561%76%62.1032.3392.00956.6574.7553.54121
13Real Estate Board of GVVancouver EastMain$1,099,655.00120.0%133.4%178.9%19.53-14%83%43.1931.3669.00717.5774.0852.72131
14Real Estate Board of GVVancouver EastVictoria VE$977,796.00106.7%118.6%159.1%31.53-5%69%32.7832.1687.00616.9669.6250.89150
15Real Estate Board of GVVancouver WestPoint Grey$998,833.0083.8%121.1%162.5%43.54-20%-12%7.1625.3571.00837.3675.2550.30155
16Real Estate Board of GVVancouver EastChamplain Heights$770,626.0084.1%93.5%125.4%56.89-1%47%25.2141.0566.00585.8559.1250.09158
17Real Estate Board of GVVancouver WestSouth Cambie$1,707,261.00143.2%207.0%277.8%7.103%70%41.1024.1079.00856.8672.9348.52173
18Real Estate Board of GVVancouver WestCambie$1,301,895.00109.2%157.9%211.8%20.24-9%63%24.8722.5579.00857.0874.4648.50174
19Real Estate Board of GVVancouver EastMount Pleasant VE$1,106,410.00120.8%134.2%180.0%18.827%64%40.1429.4888.00826.0367.3848.43175
20Real Estate Board of GVVancouver EastFraserview VE$682,444.0074.5%82.8%111.0%67.05-18%23%9.8338.4446.00576.0458.2848.36176
21Real Estate Board of GVVancouver EastGrandview VE$1,083,323.00118.2%131.4%176.2%20.53-4%61%33.4927.0176.00706.6067.8047.40180
22Real Estate Board of GVVancouver WestMount Pleasant VW$1,302,089.00109.2%157.9%211.8%19.8910%92%60.5640.22--7.5552.8546.54183
23Real Estate Board of GVVancouver WestWest End VW$1,287,153.00108.0%156.1%209.4%21.59-10%37%13.3817.4898.001006.5375.5346.51184
24Real Estate Board of GVVancouver WestDunbar$1,255,067.00105.3%152.2%204.2%25.0013%N/A22.7323.8787.00656.6368.1245.99187
25Real Estate Board of GVVancouver EastHastings East$937,500.00102.3%113.7%152.5%36.22-13%31%12.6124.4269.00656.1763.0743.74195
26Real Estate Board of GVVancouver WestKerrisdale$1,334,286.00112.0%161.8%217.1%17.83-15%39%12.1114.9795.00756.6971.3043.14197
27Real Estate Board of GVVancouver WestKitsilano$1,283,500.00107.7%155.6%208.8%21.95-5%55%24.0322.9991715.6362.7042.85198
28Real Estate Board of GVVancouver WestArbutus$1,933,450.00162.2%234.5%314.6%5.470105%44.8125.1481.00565.7959.8242.48200
29Real Estate Board of GVVancouver WestYaletown$2,002,206.00168.0%242.8%325.7%4.26-1%65%36.2120.24961005.0064.6042.42201
30Real Estate Board of GVVancouver WestQuilchena$1,641,250.00137.7%199.0%267.0%9.232%64%32.6320.9374.00606.3463.8142.37202
31Real Estate Board of GVVancouver WestShaughnessy$2,346,180.00196.9%284.5%381.7%3.27-3%27%14.739.0042.00717.9073.6841.34209
32Real Estate Board of GVVancouver WestOakridge VW$1,452,742.00121.9%176.2%236.3%12.57-7%43%16.2914.4368.00227.0960.8437.64223
33Real Estate Board of GVVancouver WestS.W. Marine$1,658,250.00139.1%201.1%269.8%8.663%46%23.7316.2055.007219.9018.05348
34Real Estate Board of GVVancouver EastDowntown VE$0.000.0%0.0%0.0%--100%-100%6.423.2192.00857.7980.7341.97203
35Real Estate Board of GVVancouver EastRenfrew VE$0.000.0%0.0%0.0%--100%-100%6.423.2163.00917.5577.3740.29212
36Real Estate Board of GVVancouver EastRenfrew Heights$0.000.0%0.0%0.0%-0-100%4.722.3673.00866.3669.0335.70226
37Real Estate Board of GVVancouver EastSouth Vancouver$0.000.0%0.0%0.0%--100%N/A3.391.6969.00716.7568.3535.02230
38Real Estate Board of GVVancouver WestSouthlands$0.000.0%0.0%0.0%-0N/A--87.00656.7468.8934.45235
39Real Estate Board of GVVancouver WestMacKenzie Heights$0.000.0%0.0%0.0%-0-100%4.722.3658.00656.5764.7733.56246

10 Best Neighbourhoods to Buy a Townhouse in the City of Vancouver in 2019

  1. False Creek, Vancouver West – $1,159,581
  2. Collingwood VE, Vancouver East – $936,058
  3. Marpole, Vancouver East – $1,252,695
  4. Killarney VE, Vancouver East – $693,013
  5. Hastings, Vancouver East – $978,914
  6. University, Vancouver West – $2,029,747
  7. Downtown VW, Vancouver West – $1,079,054
  8. Fairview VW, Vancouver West – $1,065,958
  9. Knight, Vancouver East – $1,033,783
  10. South Granville, Vancouver West – $1,690,247

10 Worst Neighbourhoods to Buy a Townhouse in the City of Vancouver in 2019

  1. S.W. Marine, Vancouver West – $1,658,250
  2. Oakridge, Vancouver West – $1,452,742
  3. Shaughnessy, Vancouver West, $2,346,180
  4. Quilchena, Vancouver West – $1,641,250
  5. Yaletown, Vancouver West – $2,002,206
  6. Arbutus, Vancouver West – $1,933,450
  7. Kitsilano, Vancouver West – $1,283,500
  8. Kerrisdale, Vancouver West – $1,334,286
  9. Hastings East, Vancouver East – $937,500
  10. Dunbar, Vancouver West – $1,255,067

Additional reports

Romana King
Romana King

Romana is an award-winning personal finance writer with an expertise in real estate. She is obsessed with the property marketplace and is the current Director of Content at Zolo.