Tag Archives: november 2013

19 months since the peak of house prices in Vancouver

b5Baxter posted the following comment, an update to prices for the end of November 2013:

REBGV stats are out.
We are now into month 19 since real estate peaked in Vancouver.

We are down 3.54% in nominal terms since the peak and 5.83% in real (inflation adjusted) terms.

If you bought a house in Vancouver in November 2009 (4 years ago) you would have been better off putting your money in savings account (before transaction costs).

In fact if you bought a house back in April 2007 (over 6 years ago) you would have been better off putting your money in a savings account.

So Vancouver Home Prices are basically back where they were in 2007 compared to a savings account.