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From 2002 to 2010, Vancouver topped the list for nine years in a row, leading to the title of the world’s most livable city almost synonymous with Vancouver.
However, Vancouver was kicked out of the top 10 in the 2021 Economist Global livability Index 2021.
The reason for this slightly embarrassing result is the sharp rise in house prices in Canada.
As of May 2021, the benchmark price of independent houses in Dawen had approached the 2 million mark, reaching a staggering C $1.8 million, an increase of 22.8 per cent over May 2020 and 1.7 per cent over April 2021.
The Economist stresses that people who once lived in the world’s most livable cities are now fighting for survival.
Shortly after the Economist’s list was released, a new ranking showed the opposite.
On June 15, some domestic media made a comprehensive comparison of house prices in the core urban areas of major cities around the world through the data of the famous think tank Numbeo. The results were surprising.
When using unified area calculation rules, four Chinese cities occupy the top four of the most expensive cities in the world!
They are:
1. In Hong Kong, China, the house price is US $32218 per square meter.
2. Shenzhen, according to the saleable area, the house price is 21986 US dollars per square meter.
3. In Beijing, according to the saleable area, the house price is 21316 US dollars per square meter.
4. In Shanghai, according to the saleable area, the house price is 20687 US dollars per square meter.
The four cities in China are followed by $18023 in Singapore and $16709 in Paris.
If converted to the price per square foot, the average price of housing in the central city of Shenzhen is as high as US $2036, or about C $2646.
Although there are also projects with a unit price of C $2646 per square foot in downtown Vancouver, the average price is still a long way from that level. Generally speaking, the average price of high-end apartments in downtown Vancouver is about 1500 yuan per square meter.
In other words, if you are a homeowner in Shenzhen, Beijing, Shanghai or Guangzhou, you can go to Vancouver to buy a luxury apartment by selling a 100-square-meter apartment.
So if you compare Vancouver with the ten cities with the highest house prices in China, Vancouver is a little brother. It is conceivable that when Canadians buy a house in the city with the highest house prices in China, the pressure of life is dozens of times that of Vancouver.
As a matter of fact, although house prices in Vancouver have soared in recent years, the prices in Vancouver are not worth complaining.
Canada, as a traditional immigrant country, is favored by many Chinese immigrants, although Vancouver can be said to be the city with the most expensive cost of living and the greatest pressure on housing in Canada. but apart from these, it is also the country’s most prosperous economy, the most abundant entertainment life, the largest number of job opportunities, and is still the most ideal place to live for new immigrants with sufficient assets.
