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By kevlahan (registered) | Posted August 05, 2011 at 11:43:00
With many apartments in downtown Vancouver selling for well over $1 million (almost all apartments in the Coal Harbour development are over $1 million), it is highly unlikely that these people are buying an apartment downtown because they can't afford a detached house in the suburbs. in fact, looking at real estate prices suggests that a 100 square metre two bedroom apartment in downtown Vancouver is going to cost your around $800 000, which is more than what you'd pay for an average detached house in the suburbs.
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