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UBC houses command some of the highest prices on the Point Grey peninsula, thanks to their exclusive location and often expansive estates. The median selling price here is measured in the millions, well beyond anything seen elsewhere in Vancouver (it’s worth noting that UBC isn’t, technically, within the Vancouver city limits – it’s what’s known as Electoral Area A of Metro Vancouver and subject to governance from the province). Detached properties account for just 8% of all UBC housing, so they’re rare in addition to being exclusive and expansive.
For those with the cash to spend, buying a UBC home is really living the dream. Far from the madding crowd of the city, close to forests and foreshore, they’re the perfect retreats from business at the end of the day or for reflection for the more philosophically minded (always a consideration on the campus of one of the top research universities in Canada). Many recent purchasers see existing homes as candidates for renovations and makeovers (nearly a quarter of UBC homes built between 1946 and 1960 need major repairs). The building boom that has added many apartments and townhomes to the UBC housing stock has largely ignored detached properties. Many buyers have seized the opportunity to renovate or rebuild existing houses, helping to renew this segment of the housing stock.
