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
A Hindenburg Omen in an oversold market
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*Mid-week market update*: What happens when an ominously sounding
Hindenburg Omen occurs when the market is oversold? David Keller described
the three comp...
2 days ago
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
ReplyDeleteand Pitt Meadows, Coquitlam and Maple Ridge Apartments which are in severe drop mode.
ReplyDeleteAn 'investor' who left his money in the bank. Would have got 1.25% on a GIC. Take off tax, net 1% before inflation.
ReplyDeleteAn '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.
nice
ReplyDelete423 new
261 price change
198 sold
7614 detached
9108 attached
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
ReplyDelete