Vancouver BC Real Estate Market Roller Coaster
*PLEASE RATE THIS VIDEO & COMMENT* This is a roller coaster simulation of the last 35 years of the Vancouver Real Estate market. The actual graph you’re riding is the inflation adjusted value of a house in Vancouver BC based on data collected by Royal LePage and calculated by the UBC Centre for Urban Economics and Real Estate. Some of the peaks and troughs have been rounded to keep the train from flying off the tracks, but other than that slight modification it is a precise scale model of the red line on this graph:
cuer.sauder.ubc.ca/cma/data/ResidentialRealEstate/HousingPrices/housing-pri-vancouver.pdf
Recent talk of a Canadian housing bubble calls for a look at the history of our bubbliest city: Vancouver BC. When the housing bubble of the early eighties popped in this city some house prices dropped by 50% over the next couple of years and didn’t reach their inflation adjusted real price again for 25 years. What would a real estate market bust look like these days?
This video was created using NoLimits Roller Coaster Simulation software: nolimitscoaster.com/
Duration : 0:3:12
Ozzie Jurock discusses the health of the Vancouver BC real estate market in June, 2008.
This 2500 sq ft home is located on the shores of Kootenay Lake in Schroeder Creek, about 15 minutes north of Kaslo BC. The home has 3 bedrooms, 2.5 baths, a guest cottage which can be rented out, 90 ft of pebbly beach all on almost a half acre parcel of land. $949,000.
Condo listings are up by a whopping 62%. The website for assessments is http://www.bcassessment.bc.ca/asba2007/asba2.aspx