Teranet has released their latest numbers and they are down.
Vancouver house prices on the Teranet index are now down 2% over where they were the same time a year ago.
Prices would have to really start rocketing up to keep the YOY numbers from staying negative for a while since prices peaked around June 2012.
What does the RE industry report when they can no longer claim YOY price increases?
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:
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.
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.