Vancouver Real Estate Market Update Reports / Vancouver Real Estate Market Forecasts Trends and Housing Updates / 2 Years Year-To-Date and Monthy Greater Vancouver Real Estate Market Forecasts Trends and Housing Updates

Greater Vancouver Real Estate Market Forecasts Trends and Housing Updates

Two Years Year to Date Real Estate Price Changes

Greater Vancouver Markets
Click Here for One Year to Date Real Estate Price Changes
Click Here for Ten Year to Date Real Estate Price Changes

The Lower Mainland Real Estate Market Reports.
温哥华里士满加拿大不动产市场变动
 

What Vancouver Real Estate were the Best Investment in in 2014-2015? 

I want show you the Real Market Change Facts.....
So when you hear Vancouver has gone up 25-30%% in the last year .... that it is only certain markets segments.

Do checkout Condos and Townhome Markets that are showing very different market changes!  Click Here

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                         EXPAND..Interactive Link

  Single Family Homes 
 

Here on the  first Graph the Year to Date for the Average Single Family Housing Market comparing all cities in the Greater Vancouver areas is up an AVERAGE 26% in the last 2 years with East Vancouver Detached Market setting the ALL TIME price increase record at 48%.

Do note that prices in the far end of the Fraser Valley  (Even Chilliwack which is far from the epicenter, actually had an 11% increase)

So most cities actually went up over 20%.  This is world record again the other top 30 cities. Click here

 

 

Below we compare both the Top 50% and the Lower 50% of the Markets


But please notice that the cities with the higher increases are in the Foreign Investment High Demand Areas. We estimate about 10 Billion dollars was injected into these coastal cities in 2015. Most of this cash would come from Mainland Chinese Sources. Typically the cities located East of the Port Mann bridge are in a Job Market Dependent Market and have exhibited more muted increases.

 


The Condo ​Markets 
 

Lets Look at the Top 50% of the Condo Market which for the first time in years have increases above Canada's Inflation Rate (~2%).

What a difference from the Downtown, Coal Harbor areas to the rest of the Lower Mainland. Here you can really see the difference of the Job market compared to the Foreign Investment markets.

 


Yes the Lower 50% of the Condo Market actually went Up 3.4% on Average.

Do notice that only a few cities even beat our expected 2% (4% over 2 years) Canada Consumer Annual Inflation Rate.

Are Condos a good investment?     When will they go up?

Low End Condos attract very little foreign investment. This Market is considered mostly a Job Driven Market!

The Condo market will recover and increase when Demand Increases  eg: when we have stronger employment with good paying jobs. More Tim Horton jobs will not create many more home buyers.

The Condo Market is so easy to Over Supply with the many new high rises currently being developed this year.  Single Family Lots ...in other words "DIRT" will continue to be the the one true investment that can rarely be over supplied.

 

The Townhouse ​Markets

Once again the Lower 50% of the Townhouse Market is funded by mortgage money.
This lack luster performance is indicative of a struggling job market and tighter bank lending policies.

                                                                                                                                              

        Bill Coughlin


"Realtor, Real Estate Analysis & Lifestyle Consultant"
Bill@CoughlinTeam.com

1-778-374-3744 cell        1-888-539-4664 Toll free

Re/Max City Realty


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