Tag Archives: rebgv

BC, equity, prices

19 months since the peak of house prices in Vancouver

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91 Comments

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.

 

BC, data, hype, prices, supply

October 2013: Vancouver house prices stalled out.

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84 Comments

After last years abysmally low number of home sales, some people will be glad to know that sales have climbed.

Unfortunately that hasn’t done anything for prices.

The REBGV has released their october stats package and the composite benchmark price for all properties has actually dropped slightly from where it was a year ago, dipping a tiny half a percentage point.

The Province see this as a big rebound for the most expensive real estate market in Canada.

BC, data, humor, pictures, prices, supply

Home and Condo sales battle map

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74 Comments

VMD has been busy over at the new Vancouver Peak Forum uploading new Battle of Vancouver maps.

These maps show the increase or decline in year-over-year REBGV home price index (The Benchmark or HPI).

There are maps for both the condo market and for single family homes in the lower mainland, along with a few historical maps for comparison.

Here’s the map for SFH, showing big changes in South Surrey and UBC:

Battle_of_GV_SFH_2012_12_arrow

And here’s the map for Condos, which looks similar but the big changes are in South Surrey but Bull forces are firmly entrenched in Guilford and Pitt Meadows.

Battle_of_GV_Condo_2012_12

 

Here’s the original discussion thread for the Condo map and for the SFH map.

You can find more great creations and analysis from VMD over at greaterfoolvancouver.

Open Topic

FFFA! New Year, Peak & Crash.

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147 Comments

It’s the end of another week and that means it’s time for another Friday Free-for-all.  This is our regular end of the week news round up and open topic discussion thread for the weekend.  The first one of 2013!

Lets get to the links:

–REBGV HPI: peak down this much
–Here’s the press release
–Hottest property values dip in 2012
–Real Estate boom meet Dot Com Crash
–Jesse wins the 2012 prediction contest
–Here’s the 2013 prediction contest
–Why housing prices aren’t coming back
–Whistler condos down 39% over 5 years
–Dec 2012 Condo battle map
–Vancouver Realtor Hunger Index
–

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

*Just a reminder: Registration is open over at the Vancouver Peak Forum, but you must leave a human comment within 2 days of registering or your account will be automatically deleted.  This policy helps us keep the board purged of spammer accounts.  Thanks for your understanding!

Open Topic

Friday Free-for-all!

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204 Comments

It’s the end of another week and that means it’s time for the free-for-all, or regular end of the week news round-up and open topic discussion thread. Here are a few recent links to kick off the chat:

–Vancouver housing slows to crawl
–Telus Garden sold out?
–Maybe not so sold out. 
–Inventory growth slows (chart)
–Metro van sees sharp sales drop
–REBGV Press Release (PDF)
–Agent grumpy about bubble talk
–Housing bubble sentiment chart
–1980’s all over again?
–Senators grumpy with Carney
–Housing market pumps GDP
–Australia down 10%
–China’s ‘epic’ property bubble

So what are you seeing out there?  Post your news links, thoughts and anecdotes here and have an excellent weekend!