Vancouver Condo Info

The REBGV stats for June 2010 are now available. If a month ago was a good time to buy some Vancouver real estate, than right now is an even gooderer time! If you were shopping for the benchmark home a month ago, you can now buy that same house and get a FREE CAR with it! Best Place on Meth pointed out some of the more dramatic drops and we’ve put together this handy guide for suggested cars you can get with the price difference.

The overall REBGV benchmark price for all housing in all areas is down just over 1 percent which is a little over $10k. You’re not going to get a brand new car for that much, but you could get this sweeeet 1992 Toyota Supra replete with go-fast fin and still have enough left over for a great little road trip:

The big drop for the month was in the benchmark house price on the west side. You’re not going to want to drive that supra up to your west side bungalow, but with about $90k extra to spend you can arrive in style with this 2005 Aston Martin DB9:

The dramatic percentage drop prize goes to West Vancouver Apartments, where the one month drop saw a loss of $77,664 or 11.5%! Go pick yourself up an apartment and a 2007 Maserati:

Crashcow pointed out that there’s even more drama in the West Van Apartment benchmark if you go back another month to the April Peak.

If listings were floors in a building Spectrum would be the tallest building in Downtown Vancouver. This infographic shows an imaginary skyline based on number of units for sale in a few of the new buildings downtown based on Supersogs post from Monday.

Lots of properties out there for sale, not just in the downtown core.  Listings for the entire REBGV region have been accelerating lately a lot faster than they did in previous spring markets.  We’re close to adding 1000 new listings a week.  Even the spring before the 2009 market dip didn’t see listing rise this fast.  As of last night the inventory count was at 16,741.

See the full-size version suitable for framing or using as desktop wallpaper here.

The Big Six Canadian banks (in unison): We’re concerned easy-money tax payer insured mortgages are encouraging people to go into more debt than they can handle and they won’t be able to pay off their uninsured debt.

The Finance Minister: Right now, there is no compelling evidence of a housing bubble in Canada.

The Big Six Canadian Banks (in unison): We fear the wide ranging economic fallout of a US-style binge-and-collapse in housing.

The Finance Minister: There are certain tools available to the government if we choose to use some or all of them.

The Big Six Canadian Banks (in unison): Please sir, let go of that lever.

The Finance Minister: Yee-haw!