There’s a strange article in the Vancouver Sun today – Its a very short writeup:
Now that the condominium craze has changed the Vancouver landscape and used up virtually all available space, condo fever is sweeping the suburbs and it’s there we’re finding the biggest percentage increases in condo prices.
They then publish the following list of benchmark condo price changes from January 2006 to January 2007. Prices in every area are up year over year, but I was curious to see how much of those gains came early in 2006 and how they’ve faired since September 2006 (the GVRD benchmark peak so far). I’ve added the September to January price changes below each area, with the dollar figure of price losses or gains:
New Westminster: +24.8
Sept 06: $256,336 Jan07: $260,959 [ + $4,623 ]
M. Ridge/P. Meadows: +21.5
Sept 06: $227,176 Jan07: $234,041 [ + $6,865 ]
Port Coquitlam: +18.8
Sept 06: $223,563 Jan07: $226,235 [ + $2,672 ]
North Vancouver: +17.6
Sept 06: $341,575 Jan07: $350,037 [ + $8,462 ]
Richmond: +17.5
Sept 06: $280,581 Jan07: $275,108 [ – $5,473 ]
Coquitlam: +17.3
Sept 06: $260,559 Jan07: $259,815 [ – $744 ]
Burnaby: +15.5
Sept 06: $298,821 Jan07: $292,816 [ – $6,005 ]
West Vancouver: +14.7
Sept 06: $601,004 Jan07: $549,203 [ – $51,801 ]
Vancouver East: +14.3
Sept 06:$271,469 Jan07:$273,808 [ + $2,339 ]
Vancouver West: +12.7
Sept 06: $426,810 Jan07: $422,896 [ – $3,914 ]
Port Moody: +10.6
Sept 06: $274,392 Jan07: $272,974 [ – $1,418 ]
South Delta: +6.7
Sept 06: $310,184 Jan07: $295,320 [ – $14,864 ]
