Do you ever wonder how much more expensive Vancouver, BC is compared to Bellingham, WA? These neighboring cities may be close in distance, but their real estate markets can feel worlds apart. With Vancouver often ranking as one of the most expensive cities in North America, you may be curious how it stacks up against Bellingham, a smaller city just south of the border
In this post, we’ll dive into the numbers and explore how the average home prices in these two cities compare. We’ll adjust Vancouver’s prices for currency exchange to provide a true apples-to-apples comparison, showing just how much more you’d need to spend on a home north of the border. Spoiler alert: Now is about as close as the price gap has been in recent years, with Vancouver homes approximately $150,000 more expensive than those in Bellingham.
Current Home Prices Comparison
We took a detailed look at the average home prices in both cities, adjusting Vancouver’s prices to account for the current currency exchange rate between the Canadian and U.S. dollars. This adjustment provides a more accurate picture of the cost difference for potential buyers considering a move across the border.
Here’s what we found: Vancouver’s average home price is significantly higher than Bellingham’s, but the gap has narrowed recently. After adjusting for currency, Vancouver homes are about $150,000 more expensive than those in Bellingham. This is one of the closest price differences we’ve seen in years, reflecting the shifting dynamics of each city’s real estate market.
In Bellingham, the average home price continues to rise steadily, fueled by strong local demand, population growth, and proximity to Seattle. On the other hand, Vancouver’s market remains a hotbed for international buyers and investors, but recent regulatory measures aimed at cooling the market have somewhat tempered price growth.
These factors have combined to bring the two cities’ prices closer together than they’ve been.
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