News for hackers. Stuff that matters.

A comment on YC will hold interviews in Vancouver for founders who can’t get US visas. Parent comment

Re:YC will hold interviews in Vancouver for founders who can... by dgudkov on Thursday March 09, 2017 @05:08PM (#13834251)
Quick fact check returned this: "In all, 745 detached homes sold in Metro Vancouver last month, a massive 58.1 per cent drop from February 2016. The benchmark price for detached homes was $1,474,200, unchanged from the previous month but down 6.5 per cent from the past six months."[1]. Also [2].

And that's CAD, not USD. In USD it's $1,092,000. Still very expensive but not $1.76mln.

[1] http://news.buzzbuzzhome.com/2017/03/metro-vancouver-home-li... [2] http://www.vancourier.com/news/sales-average-detached-home-p...

[ Parent | on HN ]
Re:YC will hold interviews in Vancouver for founders who can... by Tiktaalik on Thursday March 09, 2017 @05:44PM (#13834535)
Yeah those are "benchmark" prices, which is a special MLS measurement designed to value a "typical" home. I decided to ignore that valuation method and instead use average prices because I'm not sure if a similar or comparable measurement tool as the benchmark exists for SF home valuations.

http://www.rew.ca/news/benchmark-vs-average-vs-median-what-s...

[ Parent | on HN ]
Re:YC will hold interviews in Vancouver for founders who can... by Pxtl on Thursday March 09, 2017 @05:48PM (#13834559)
The housing price has deflated substantially in the past year because of a one-two-punch of a foreign buyer's tax and the Chinese government cracking down on rich Chinese people smuggling their money out of the country into foreign real-estate systems.

Vancouver's market had a reputation of being driven by Chinese cash... and whether that's true or not, perception is reality when it comes to markets.

[ Parent | on HN ]