ChelseaFC

Hi All,

Does anyone know of a website that shows house price movements in Vancouver?

Obviously the credit crunch has affected the global economy and in the UK house prices are beginning to slide (as they are globally).

I am thinking of moving to Vancouver and would be interested to know how house prices are faring.

Thanks

CFC

ChelseaFC

Anyone?/

ubdai

You can try

http://www.realtylink.org/

http://www.snapuprealestate.ca/

http://www.royallepage.ca/ListingSea...&location=crea

Hope this helps

ubdai

Steve_P

Try having a little patience.

Your first post was at 3:10am B.C. time your second at 7:39am B.C. time.

Not too many people are going to be up at those hours waiting just for your post.

http://www.worldtimeserver.com/curre..._in_CA-BC.aspx

Novocastrian

With a username like the OP's, I think patience is improbable.

ChelseaFC

totally forgot about the time diff .. apologies

Flogger

Hmm, BSA springs to mind

Novocastrian

Boy Scouts of America? It fits the profile.

ryancoffey

Hi there,

I'm a Realtor in Nanaimo which is just across the water from Vancouver on Vancouver Island.

It's been a little while since I've taken a good look at the Vancouver stats, so this gives me an excuse to do so.

The current stats from Vancouver are showing an average sale price of approx $800,000 for a single family unit. (That basically means a house) It has dropped a bit since the beginning of the year, but things go up and down in the short term and always up in the long term.

The result is that it's a buyer's market right now, meaning that if you're buying there's lots more to choose from than usual and things are basically "on sale" so to speak.

Looking at the stats, it seems that the changes in the world markets have hit Vancouver pretty good. I had head this, but now I'm seeing it in numbers. The thing is, it's hard to really get a feel for what's going on just from numbers, our local stats sure don't tell the whole story, just one aspect of it. Vancouver Island is feeling the pinch a bit too, not as much mind you, but a bit of a pinch. It does bear mentioning that average prices in Nanaimo are less than half of Vancouver's though.

FYI no one is predicting a big housing crash in Canada like you're seeing in the US, (outside of armchair economists) just a continued softening of markets. Our banks and other institutions have more sensible lending practices than our neighbours to the south.

jerry brewer

Hi
From viewing the for sale signs there seems to be a slow down, and more choice than last year when properties sold in days/weeks.
Apparently some new downtown condos have had their prices re assessed, they were over a 'mill' for UK sizes...
But overall, there doesn't seem to be any 'major bargains'
Prices here just seem to keep well, i.e. we bought 18 months ago for 500k, and it is currently worth 750k.
As the Vancouver area seems to be the place people want to be, and there is currently a shortage of skilled labour.
Demand of people moving here will probably keep the market up. And as it is October, some people as just waiting until next year to sell.
And there always the 'olympics' influence.
Well thats my view anway.
Cheers
Jerry

Alan2005

Vancouver is experiencing a very significant housing bubble which is now coming to an end. This is pretty obvious from the above - If I owned a house that had made these kind of gains in 18mo I would be selling now and sitting in rented with $250k in the bank.

House prices do always go up over the long term - however the long term trend should be to track average incomes in the area - anything else is not sustainable and those that bought at the top are going to get burnt (once confidence in a housing market has gone prices crash - they never soft land or plateau)

I guess I'm one of those armchair economists - but do you think $800k for an average house reflects the average salary in Vancouver (I don't know what this is, but I bet it's a lot less than $100k).

Personally I'm not going anywhere near real estate in Vancouver right now - I'll get more for my money next year and significantly more the year after that.

Londonuck

Wont fall far if they do finally start to come down. They're running out of room. Mountains to the north, sea to the west, America to the south and too many banjos to the east. (Joke for all you Fraser Valley mob!). If you do go i'll put you in touch with the Vancouver CFC supporters. I was an honoury member being a Millwall fan.

startwin

Banjos? You lost me there. As one of the Fraser Valley mob I'm still trying to work that one out! Must be particularly dense this morning.

Frank'n Sense

I am a realtor in Vancouver. And yes we are seeing prices coming down somewhat. And there is a lot more choice around - which is good news for buyers (which is where most of my business comes from).

From my own recent experience, there is a lot of demand still out there, but uncertainty about the future is making people understandably cautious. That said, we have been busy at all ends of the market, from the entry level condo to the million dollar plus properties. So far my buyers are showing confidence in the way the market is going to go in the longer term and picking up some good deals.

My real estate newsletter includes statistics from the real estate board in Vancouver if anyone is interested.

Warmly,

Frank

gibsonslanding

franks news letter is well worth having.....i keep mine frank, over the years and refer back to past ones to look at trends.......cheers