This Is Exactly How Much Money It Takes To Buy A Metro Vancouver Home In 2020

Vancouver is home to giant mountains, giant trees, and giant price tags in the housing market. Despite the city's real estate reputation, however, Vancouver housing prices are actually getting lower. But although costs are down  since 2018, you might still have to save for a while to buy that apartment.

We've all heard how crazy Vancouver's housing situation is, with some of its humblest homes available for no less than a million.

Now, the online brokerage Zoocasa found exactly how much money it takes for a down payment across metro Vancouver.

Don't get freaked out by all the digits, by the way; you only need to pay a fraction of the full price, also called a "down payment," to secure a house. The rest you pay over time with a mortgage loan.

Through all municipalities in Metro Vancouver, on average, it'll cost you $1,248,000 for a house. Going by Canada's housing regulations, that's a down payment of $249,600.

Good news for Vancouver's house buyers, because prices actually dropped in every municipality since 2018, some by over $100,000.

It still isn't cheap, but the most affordable housing is in Maple Ridge, and that averages to roughly $824,900, with a down payment of $57,490.

Meanwhile, the most expensive housing is in West Vancouver at an average of $2,914,000. That's a down payment of $582,800.

In contrast, the average house in Canada costs just $504,350, with a minimum down payment of $25,217, says RE/MAX.

This map shows each region in metro Vancouver and the average price of a home's downpayment.

As pricey as houses are, at least they decreased in cost since 2018. Some apartments actually got more expensive since then.

According to Canadian regulations, down payments are different for every home, depending on their price.

If your home is priced over a million, as many in Vancouver are, the down payment will be 20% of the total price.

It might take 52 years to buy and fully pay off the mortgage of a house here for millennials.

Given these spooky figures, you'll probably want to pick up a side hustle or five if you're looking to settle down here.

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With all the doom and gloom around COVID-19, especially now that it's officially a pandemic, we could use a bit of good news. Turns out, a B.C. health official at the centre of the coronavirus fight is so popular that there's a Twitter fan account acting like her hype guy. Dr. Bonnie Henry has been working hard to keep British Columbians safe and informed and has already developed a following.

Whether relaying the latest news or warning people about phone scammers trying to sell COVID-19 tests, Dr. Henry is the face of the coronavirus fight in the province.

The Dr. Bonnie Henry Fan Club on Twitter, or @bonniehenryfans, had almost 1,400 followers on Wednesday, March 11 even though the account was just created in March 2020. 

Derek Kleinfeldt from Vancouver Island started the account after Dr. Henry was visibly moved at a press conference and received a ton of support online.

"A few people had mentioned that she should have her own fan club, and I couldn’t agree more. I started this account and it took off," he said to Narcity.

The account retweets positive praise, compliments and thanks that people give Dr. Henry on Twitter.

"I thought curating a feed...of only positive tweets would be a nice gesture," he said. "By curating all these accolades and kind words for Dr. Henry, I’m absolutely convinced we have (one of) the most competent and respected scientists leading a public health office."

Instead of rolling your eyes at another tweet about people panic-buying toilet paper, why not feel your heart get warmer by reading one of these tweets praising a health officer in B.C.?

It's not just the fan account that's heaping on the praise. One Twitter user said that the provincial health officer is setting the bar.

"Too often, public officials are dispassionate and robotic. using clear language and showing genuine emotion makes your message more relatable and impactful," reads the tweet.

The real Dr. Henry also has her own Twitter account, although it's not verified and also not that active. 

For all COVID-19 related news and updates, you should follow the BCCDC on Twitter.

When you need to be reminded of a bit of good in the world, then you can check out the fan account dedicated to B.C.'s top doctor in the fight against the pandemic.

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When it comes to the novel coronavirus, it seems B.C. would rather be safe than sorry. Despite being at low risk for infection, the province asked retired doctors to return to work just in case COVID-19 in B.C. gets out of hand. This is the first time they've ever made an ask like this in the province before and they're making sure they're prepared to handle anything.

The Provincial Health Officer, Dr. Bonnie Henry, just asked the College of Physicians and Surgeons of B.C. (CPSBC) to start "emergency registration" of recently retired doctors.

"Asking people to come out of retirement is an extraordinary measure for an extraordinary situation," said the CPSBC to Narcity.

They said they'll be reaching out to doctors who retired in the last two years on Wednesday, March 11 and Thursday, March 12.

If the doctor agrees to return, they'll work in pressure areas on an "as-needed basis," depending on what service is most in need, the CPSBC continued.

B.C. is currently at low risk for novel coronavirus, according to the B.C. Centre for Disease Control.

But if the illness continues to spread, a large number of patients could overwhelm the health care system. This can leave some people stranded and ill without health care.

"We have never done this before. I've been in the practice of medicine for over 35 years in the province and I've never seen anything like this before," said Dr. Heidi Oetter, registrar of the CPSBC to CBC.

The province usually sources their doctors from other provinces in case of these emergencies, but with COVID-19 spreading through Canada, they might have their hands full.

Fortunately, a vaccine for COVID-19 is already in the works. Hopefully, B.C. doctors will get to stay in retirement.

B.C. is one of the provinces hit hardest by COVID-19. Out of Canada's 138 confirmed cases, B.C. has 46, according to the BCCDC.

The first Canadian death from COVID-19 also happened in B.C.

Despite the low risk, however, anxiety around the disease has been spreading. Panic buying has been emptying stores of survival supplies and, weirdly, toilet paper.

The lack of supplies could hit doctors hard; because it's becoming so hard to find facemasks, medical professionals like dentists could even face layoffs in time.

When it comes to preventing COVID-19, Canada's health authorities say simple hygiene works wonders. The BCCDC recommends washing your hands for 20 seconds with warm, soapy water for maximum effect.

If you're unable to find the time, some alcohol-based hand sanitizers work too.

It's clear B.C. officials have been working super hard to fight the virus.

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As novel coronavirus cases climb, Western Canada is amping up their actions. Two provinces' top doctors just announced that they're trusting locals to stay within Canada, but won't be blocking borders. Not only should you stay put, but also all gatherings of over 250 people are effectively cancelled. B.C. and Alberta are taking big steps to keep people safe and they say taking a trip outside of Canada right now is a risk.

"These are extraordinary circumstances, and our public health measures must rise to the challenge we face," said Dr. Deena Hinshaw, the province's chief medical officer, in a conference on Thursday, March 12.

"Travel outside Canada is very risky right now," added B.C. top doctor Dr. Bonnie Henry in a different conference later the same day.

If you're outside the nation, B.C. will require you to voluntarily isolate yourself for 14 days, said Henry.

"Given the rapid spread of this virus, it is no longer possible to assess health risks for the duration of the trip," said Hinshaw.

However, neither B.C. nor Alberta will be enforcing the travel ban at the border.

During her conference, Henry announced seven more coronavirus cases in B.C. that were just confirmed during the day. This brings the total in the province at 53.

Henry explained that a majority of the cases in B.C. came after international travel. Five cases came from China, and 16 had travelled from Iran.

At the same time, both provinces also announced that they're cancelling every large event with over 250 people.

The ban only applies to social gatherings like conferences or sporting, cultural, and community events. Public schools and daycares remain open.

The 250 figure isn't based on science, Henry explained, but more because they "think it’s the right number and the right judgement."

Despite the bans, both Alberta and B.C. are currently at low risk for coronavirus. However, the number of cases is creeping up.

Earlier the same day in Calgary, the first child in Canada to catch COVID-19 was confirmed. Their daycare was immediately closed.

"This is for the protection of your personal health but also for the health of the community as well," said Henry.

NOW WATCH Videos Show Big Line & Employees Wiping Carts At Montreal Costco Amid Coronavirus Panic

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We all probably dreamed of moving to a gorgeous castle by the sea when we were young, and personally, mine looked a lot like this. Feast your fantasies with this Vancouver seaside mansion, selling for the low price of just $18 million. Imagine looking out at the endless waves from the comfort of your palace.

Located in the almost illegally beautiful Caulfeild neighbourhood in West Vancouver, this palace has it all. This is among the wealthiest gated communities in B.C., and homes there rarely go for under $2 million.

You might balk at the price, but given how crazy Vancouver housing is, it's actually understandable for a place like this. It even looks a bit like Mont Saint Michel in France because it's surrounded by the water.

Plus, this place comes with a massive indoor pool, in case you get tired of the outdoor pool called the ocean just a flight of stairs away.

Speaking of the sea, the home even comes with a fully automatic submersible dock to store all your yachts and jet skis for easy access. Finally, a solution to all of your yacht woes.

It also has a bike room and private gym to keep up your ultra-fit Vancouver lifestyle, as well as a sauna and steam room for your recovery days.

The mansion's three-storeys holds four bedrooms and six bathrooms. With in-floor heating, cold morning floors will never bother you again.

Don't forget about the massive wine cellar either; it looks like it could hold hundreds of bottles.

It's for good reason too — the neighbourhood is set right next to the gorgeous sea and scenery of West Vancouver. Plus, it somehow manages to feel completely isolated while only being 20 minutes or so away from downtown.

We couldn't think of something more Vancouver if we tried.

Oceanside Palace

Price: $18,688,888

Address: 5310 Seaside Pl., West Vancouver, BC

Description: Live that West Coast lifestyle with expensive taste in this oceanfront palace.

View Here

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Now that spring' about to show up here in perpetually gloomy Vancouver, we're looking for the perfect celebration of its return. Why not journey to this gorgeous rooftop restaurant and take in the sun in style? The Reflections patio is opening again soon at the Rosewood Georgia and you won't want to miss it.

After a long, dreary winter, Narcity just got confirmation that the rooftop patio restaurant will be opening its seasonal patio shortly.

While they're not sure of the exact opening date yet and we'll get updated soon, but definitely keep this place in mind as you make your plans this spring.

There's no better way to spend the spring than on a rooftop restaurant, feeling the breeze and decent weather for a change.

The restaurant is actually on the roof of a hotel in the heart of downtown Vancouver. Celebrate the end of a long winter while chilling on a patio that overlooks the city.

This place a little pricey to be sure, but it's perfect for those special occasions and an ideal way to set the tone for your spring before you conquer your bucket list.

Nothing wrong with splurging a little on a great experience, after all — bring your s/o here for a romantic night out.

No s/o, no problem because your friends won't mind sharing a few drinks here either.

Sure, Vancouver has plenty of patio restaurants to choose from, but few are this Instagram-worthy.

Filled with plants, twinkling lights and comfy patio furniture, you'll feel right at home.

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