Real Estate

Vancouver housing bubble?

  • Last Updated:
  • Oct 18th, 2019 10:37 am
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Deal Guru
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Mar 14, 2005
12590 posts
1958 upvotes
City of Vancouver
popbottle wrote:
Dec 4th, 2015 1:19 am
Yes that's exactly what I mean. Sure kits is a nice area but its more of a risk to get a townhome just for living there whereas duplexes near the 29th, nanaimo, or joyce stations have good access to anything. just make sure its at least 300 metres from the skytrain guideway
But eastside schools are rough.
Deal Addict
Jun 20, 2011
1803 posts
619 upvotes
VANCOUVER
BC Assessments are out. Saw mine last night, up 15% from last year... Anyone else check their assessmemt ?
Deal Fanatic
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Apr 20, 2011
5310 posts
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Vancouver
Becks wrote:
Dec 15th, 2015 5:18 am
But eastside schools are rough.
True however a few years ago catchments were struck down in court or prohibited or something like that thus parents are now allowed to send kids to any school they want to if space is available.
Deal Addict
Dec 27, 2006
1944 posts
921 upvotes
BoC’s worries focused on Toronto, Vancouver housing markets

The Bank of Canada’s angst about the housing market is now focused mainly on two high-priced cities – Toronto and Vancouver – plus the swelling bulge of younger homeowners with large mortgage debts relative to their incomes.

The central bank said Tuesday that overall risk to Canada’s financial system remains unchanged from six months ago, but it warned in its twice-yearly financial system review that cracks are becoming more apparent.


www.theglobeandmail.com/report-on-busin ... e27756151/
Deal Fanatic
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Apr 20, 2011
5310 posts
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Vancouver
http://www.bcbusiness.ca/real-estate/va ... -over-2014
"B.C. is buoying the country's residential real estate market, according to a forecast update from the Canadian Real Estate Association (CREA). Prices increased 11.5 per cent, significantly bolstering the national average, while sales activity increased 21.4 per cent in 2015 over 2014—and those figures aren't just for Vancouver. The association, however, expects increases in sale prices in B.C. to continue but to drop to a more modest two per cent next year, down from an unprecedented 11.5 per cent in 2015.
Over the last 12 months, the Lower Mainland has bucked up not just the provincial average but also the national average. Prices increased 18 per cent over the last year in Greater Vancouver and 12.3 per cent in the Fraser Valley. The benchmark price for a property in the city of Vancouver, which includes condos and townhouses, hit $930,000. Even on Vancouver Island, which hadn't seen a full recovery since the 2009 recession, prices fluctuated at between six and eight per cent higher last month over November 2014."
Deal Guru
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Mar 14, 2005
12590 posts
1958 upvotes
City of Vancouver
If Vancouver has a major earthquake, it will be hell for homeowners and the rest of Canada. Why? Bubble going pop.
Deal Fanatic
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Apr 20, 2011
5310 posts
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Vancouver
Most of Vancouver is land value not buildings
[OP]
Deal Fanatic
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Dec 3, 2004
5078 posts
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Vancouver
Main post has been updated! Huge new all time high for October/November. Average detached house is now worth almost 1.6 million :) Just look at this chart:

Image
Deal Expert
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Feb 11, 2009
16484 posts
2603 upvotes
Toronto
Love all the bubble talk and how its ready to explode...Just a heads up for those doomsayers...October dipped 5k...Look at most other Octobers throughout OP's list....

5k drop in Oct 2015 is NOTHING compared to nearly every other October....


Oct 04 - 24k drop
Oct 05 - 15k drop
Oct 06 - 30k drop
Oct 07 - 37k drop
Oct 08 - 80k drop
Oct 09 - 10k drop
Oct 10 - 15k drop
Oct 11 - 28k drop
Oct 12 - 63k drop
Oct 15 - 5k drop?
Banned
Aug 3, 2005
1235 posts
1155 upvotes
The bubble will never burst...we might see decreases of 10-15% in a few years..but pop? LOL...keep on dreaming
Banned
Aug 3, 2005
1235 posts
1155 upvotes
popbottle wrote:
Dec 17th, 2015 1:11 pm
to the moon ladies and gentlemen
http://www.huffingtonpost.ca/ben-myers/ ... 10878.html
"When you factor in the decline of the Canadian dollar, it suddenly appears as if Toronto and Vancouver have just gone on sale -- watch out for global bargain hunters."
but but but..what about all those people waiting to get a house in Toronto for 80% off once the bubble bursts??

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