Affluence
West Vancouver is home to some very large and expensive properties and houses. Occasionally, houses have been priced and sold at around CAD$30,000,000. As of 2011, West Vancouver's average house sells for over CAD$2,000,000; 95% of the houses or close to 16,000 homes are worth over CAD$1 million. West Vancouver is often referred to as one of the wealthiest municipalities in Canada, though two Ontario municipalities, primarily Forest Hill In Toronto as well as Westmount in Quebec are often considered contenders for the same title. Average total incomes were $86,253 for males and $48,070 for females, almost double the provincial average. Over 80% of the population has a total family income of at least $100,000.
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Famous quotes containing the word affluence:
“You will belong to that minority which, according to current Washington doctrine, must be protected in its affluence lest its energy and initiative be impaired. Your position will be in contrast to that of the poor, to whom money, especially if it is from public sources, is held to be deeply damaging.”
—John Kenneth Galbraith (b. 1908)