Vancouver stands out among a few others cities with the highest increase percentage in the world (from 1999 to 2019).
A comprehensive study of real estate prices over the past 20 years reveals significant trends in the world’s major cities. The S&P CoreLogic Case-Shiller 20-City Composite Home Price Index shows a substantial rise in home values across major U.S. cities, with an index increase from 100 in 2000 to over 327 in 2024 .
San Francisco stands out with a dramatic increase of 304% in single-family home prices since 1999, now averaging $1.4 million. Similarly, Washington, D.C. saw a 412% increase, with current prices averaging $706,500 .
On a global scale, cities like London, Hong Kong, and Sydney have also seen significant price hikes. For example, London has experienced consistent growth, driven by high demand and limited supply. Hong Kong’s property prices have soared due to its status as a financial hub, despite cooling measures. Sydney’s real estate market has benefited from robust economic conditions and population growth .
These trends reflect broader economic factors, including urbanization, economic growth, and varying regional factors influencing supply and demand dynamics.
Here is a summary of the sales price data and changes over the past 20 years for the top 20 cities in the world. The data covers cities in North America, Europe, Asia, and Oceania, and reflects significant trends and factors influencing these markets.
1. San Francisco, USA
• 1999: $344,000
• 2019: $1,400,000 (304% increase)
• Key Factors: Tech boom, limited housing supply, high demand .
2. New York City, USA
• 1999: $266,000
• 2019: $620,300 (132% increase)
• Key Factors: Global financial hub, high demand for urban living .
3. London, UK
• 1999: £146,000
• 2019: £484,000 (231% increase)
• Key Factors: International investment, limited land supply, strong economy .
4. Hong Kong
• 1999: HKD 2,300,000
• 2019: HKD 10,800,000 (369% increase)
• Key Factors: Limited land, high demand, economic policies .
5. Sydney, Australia
• 1999: AUD 262,000
• 2019: AUD 1,000,000 (281% increase)
• Key Factors: Economic growth, population increase, foreign investment .
6. Tokyo, Japan
• 1999: JPY 30,000,000
• 2019: JPY 65,000,000 (117% increase)
• Key Factors: Economic resurgence, urban redevelopment .
7. Paris, France
• 1999: €206,000
• 2019: €907,000 (340% increase)
• Key Factors: Cultural hub, strong international demand .
8. Toronto, Canada
• 1999: CAD 198,000
• 2019: CAD 772,000 (290% increase)
• Key Factors: Economic growth, immigration, urbanization .
9. Los Angeles, USA
• 1999: $215,000
• 2019: $750,000 (248% increase)
• Key Factors: Entertainment industry, limited housing supply .
10. Singapore
• 1999: SGD 750,000
• 2019: SGD 1,850,000 (147% increase)
• Key Factors: Strong economic fundamentals, limited land .
11. Berlin, Germany
• 1999: €165,000
• 2019: €562,000 (241% increase)
• Key Factors: Economic growth, reunification, urban renewal .
12. Dubai, UAE
• 1999: AED 800,000
• 2019: AED 2,100,000 (163% increase)
• Key Factors: Rapid development, foreign investment .
13. Shanghai, China
• 1999: CNY 7,000/m²
• 2019: CNY 40,000/m² (471% increase)
• Key Factors: Economic growth, urbanization, policy support .
14. Mumbai, India
• 1999: INR 3,500/m²
• 2019: INR 25,000/m² (614% increase)
• Key Factors: Population growth, economic development .
15. Vancouver, Canada
• 1999: CAD 248,000
• 2019: CAD 1,300,000 (424% increase)
• Key Factors: Immigration, natural beauty, foreign investment .
16. Rome, Italy
• 1999: €205,000
• 2019: €590,000 (188% increase)
• Key Factors: Historic significance, limited new development .
17. Seoul, South Korea
• 1999: KRW 170,000,000
• 2019: KRW 830,000,000 (388% increase)
• Key Factors: Economic growth, urban redevelopment .
18. Melbourne, Australia
• 1999: AUD 205,000
• 2019: AUD 820,000 (300% increase)
• Key Factors: Economic growth, population increase .
19. Boston, USA
• 1999: $219,000
• 2019: $659,000 (201% increase)
• Key Factors: Education and healthcare sectors, limited land supply .
20. Barcelona, Spain
• 1999: €178,000
• 2019: €480,000 (169% increase)
• Key Factors: Tourism, economic recovery post-2008 .
These figures illustrate the dynamic and varying nature of global real estate markets, driven by local economic conditions, government policies, and international demand.
Here is the breakdown for Vancouver, North Vancouver, and Upper Lonsdale, alongside the top 20 cities:
21. Vancouver, Canada
• 1999: CAD 248,000
• 2019: CAD 1,300,000 (424% increase)
• Key Factors: Immigration, natural beauty, foreign investment .
22. North Vancouver, Canada
• 1999: CAD 276,000
• 2019: CAD 1,120,000 (306% increase)
• Key Factors: Proximity to downtown Vancouver, scenic views, desirable residential area .
23. Upper Lonsdale (North Vancouver), Canada
• 1999: CAD 285,000
• 2019: CAD 1,180,000 (314% increase)
• Key Factors: Elevated location with panoramic views, quiet residential neighborhood, strong community amenities .
1. San Francisco, USA
• 1999: $344,000
• 2019: $1,400,000 (304% increase)
• Key Factors: Tech boom, limited housing supply, high demand .
2. New York City, USA
• 1999: $266,000
• 2019: $620,300 (132% increase)
• Key Factors: Global financial hub, high demand for urban living .
3. London, UK
• 1999: £146,000
• 2019: £484,000 (231% increase)
• Key Factors: International investment, limited land supply, strong economy .
4. Hong Kong
• 1999: HKD 2,300,000
• 2019: HKD 10,800,000 (369% increase)
• Key Factors: Limited land, high demand, economic policies .
5. Sydney, Australia
• 1999: AUD 262,000
• 2019: AUD 1,000,000 (281% increase)
• Key Factors: Economic growth, population increase, foreign investment .
6. Tokyo, Japan
• 1999: JPY 30,000,000
• 2019: JPY 65,000,000 (117% increase)
• Key Factors: Economic resurgence, urban redevelopment .
7. Paris, France
• 1999: €206,000
• 2019: €907,000 (340% increase)
• Key Factors: Cultural hub, strong international demand .
8. Toronto, Canada
• 1999: CAD 198,000
• 2019: CAD 772,000 (290% increase)
• Key Factors: Economic growth, immigration, urbanization .
9. Los Angeles, USA
• 1999: $215,000
• 2019: $750,000 (248% increase)
• Key Factors: Entertainment industry, limited housing supply .
10. Singapore
• 1999: SGD 750,000
• 2019: SGD 1,850,000 (147% increase)
• Key Factors: Strong economic fundamentals, limited land .
11. Berlin, Germany
• 1999: €165,000
• 2019: €562,000 (241% increase)
• Key Factors: Economic growth, reunification, urban renewal .
12. Dubai, UAE
• 1999: AED 800,000
• 2019: AED 2,100,000 (163% increase)
• Key Factors: Rapid development, foreign investment .
13. Shanghai, China
• 1999: CNY 7,000/m²
• 2019: CNY 40,000/m² (471% increase)
• Key Factors: Economic growth, urbanization, policy support .
14. Mumbai, India
• 1999: INR 3,500/m²
• 2019: INR 25,000/m² (614% increase)
• Key Factors: Population growth, economic development .
15. Vancouver, Canada
• 1999: CAD 248,000
• 2019: CAD 1,300,000 (424% increase)
• Key Factors: Immigration, natural beauty, foreign investment .
16. Rome, Italy
• 1999: €205,000
• 2019: €590,000 (188% increase)
• Key Factors: Historic significance, limited new development .
17. Seoul, South Korea
• 1999: KRW 170,000,000
• 2019: KRW 830,000,000 (388% increase)
• Key Factors: Economic growth, urban redevelopment .
18. Melbourne, Australia
• 1999: AUD 205,000
• 2019: AUD 820,000 (300% increase)
• Key Factors: Economic growth, population increase .
19. Boston, USA
• 1999: $219,000
• 2019: $659,000 (201% increase)
• Key Factors: Education and healthcare sectors, limited land supply .
20. Barcelona, Spain
• 1999: €178,000
• 2019: €480,000 (169% increase)
• Key Factors: Tourism, economic recovery post-2008 .
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