Vancouver real estate: why townhouses sometimes sell at higher prices than detached homes

Detached houses represent the traditional idea of what is a home.

A home is four walls, a roof, and a yard.

With a single-family home, the title holder owns both the house and the land it sits on.  


In places like Vancouver where supply of land is limited, land is very valuable.


This reminds realtor David Hutchinson of a question from a former client.

“I was once asked by a client who was selling her detached house why townhouses were selling at the same price as her older home with a large yard,” Hutchinson related to the Straight.

This got the Sutton Group-West Coast Realty agent himself thinking.


“Where's the value? Is it in the dirt?” he recalled.

There’s no one answer.

“I replied, ‘Well, some buyers like newer, different construction, one that has all the new bells and whistles’,” Hutchinson said, referring to townhouses.

Like detached residences, townhouses are ground-oriented homes.

But unlike...


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