Zondo answered
PropTrust’s mortgage dragon
first time
Is $600K enough to buy a 2-bedroom condo in Vancouver?
Not in central Vancouver — median 2BR sits around $850K–$950K in Yaletown, Kits, Mount Pleasant. $600K gets you into a 2BR in Burnaby, Surrey Central, New West, or Richmond outside the core. Or a 1BR + den in Mount Pleasant or Olympic Village.
What your bank didn’t say
Your bank pre-approval is what you can BORROW, not what you can AFFORD. Stress-test math gets you to $600K; reality is property tax, strata, insurance, and maintenance push the real cost 25–35% above the mortgage payment. Most first-time buyers regret stretching to the pre-approval ceiling.
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PropTrust is a Canadian property data platform. We are not a lender, broker, real estate agent, landlord, or paid advisor. This is information about how the rules work — not advice on your specific situation. For that, talk to a licensed professional.