Wednesday, July 3, 2013

Vancouver SFH HPI down 4% YOY

SFH

West Van down 6% YOY.

Sunshine Coast and Whistler down 11% over 5 years -bears out what I have seen in those areas.... Including some homes for sale on and off for almost the whole of the 5 years!

Look at West Van and Whistler apertments. I won't post the numbers so bulls don't have a heart attack.

HERE


5 comments:

  1. And remember June 2012 was weaker for sales and average price and had higher inventory. Despite that the HPI (which is supposed to be the standardized median) is down YOY

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  2. and Pitt Meadows, Coquitlam and Maple Ridge Apartments which are in severe drop mode.

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  3. An 'investor' who left his money in the bank. Would have got 1.25% on a GIC. Take off tax, net 1% before inflation.

    An 'investor' who bought with 100 % cash and rented out at the average 2-3% in vancouver. netted say 2.5% after tax, but lost 4% of his whole capital. Net loss 1.5% assuming no major catastrophes, repairs, grow ops etc.

    A 'leveraged investor' who bought with 20% down. Probably subsidized his tenant or at best broke even. Lost 4% of the whole value of the investment, ie 20% of his investment disappeared assuming no catastrophes etc.

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  4. nice

    423 new
    261 price change
    198 sold

    7614 detached
    9108 attached

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  5. THIS IS GOOD, FISH10 U SEEM TO BE MORE BEARISH. I GET FIRST HAND REPORTS FROM CUSTOMERS WHO R REALTORS, BUILDERS, SPECS & SO ON IN TO THE MARKET DESPERATION. MOST LANDLORDS R SAYING THEY CAN'T RENT THEIR SUITES

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