How to buy a house in Vancouver with a virtual house price index

How to buy a house in Vancouver with a virtual house price index

With a virtual home price index, the total price of the property in a house can be calculated by looking at how much the home is expected to sell for in the next year, year-end or after-tax sale price.

That means that a $100,000 house in Victoria is now worth a lot more than a $500,000 home in Ottawa, for instance.

This article originally appeared on MoneySense.com.

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