1931 purchase price $2527. In 1932, a small house in the Kits area of Vancouver was $2500.
Call me shallow, but whenever I look at historic copies of The Vancouver Sun I always check out the old ads to see how much houses were selling for. It never ceases to amaze me how cheap they were back in the old days, even with inflation factored in. The Sun was filled with full-page
www.fortpark.ca
That same Kits house was $54,000 when my parents bought it in 1975. Sold in 1985 for $135k. Now worth $2.3m.
BC Assessment provides current actual value assessments for tax purposes on all properties in British Columbia and provides expertise in real estate data, mass appraisal systems and management.
www.bcassessment.ca
So $5k for a Monarch is a steal.
And don’t take real estate advice from my family.
( edit to correct selling year to 1985, I tend to block from memory the First Wife Years)