Vancouver real estate now 9.3 times incomes
#1
Thread Starter
Joined: Aug 2005
Posts: 14,227
Vancouver real estate now 9.3 times incomes
http://www.vancouversun.com/business...163/story.html
Sustainable?
The mal-investment in non-productive assets that counts as growth continues apace. Nice work governments!
Sustainable?
The mal-investment in non-productive assets that counts as growth continues apace. Nice work governments!
#2
Binned by Muderators
Joined: Jul 2007
Location: White Rock BC
Posts: 11,682
Re: Vancouver real estate now 9.3 times incomes
The data is skewed because it only considers Vancouver. It is a bit like looking at London property prices and only considering The City. More useful data would be median house prices and median incomes in Metro Vancouver. Year on year data would be interesting as well.
That said, 'tis bloody expensive.
That said, 'tis bloody expensive.
#3
Thread Starter
Joined: Aug 2005
Posts: 14,227
Re: Vancouver real estate now 9.3 times incomes
The data is skewed because it only considers Vancouver. It is a bit like looking at London property prices and only considering The City. More useful data would be median house prices and median incomes in Metro Vancouver. Year on year data would be interesting as well.
That said, 'tis bloody expensive.
That said, 'tis bloody expensive.
#4
slanderer of the innocent
Joined: Dec 2008
Location: Vancouver, BC
Posts: 6,695
Re: Vancouver real estate now 9.3 times incomes
Suffering a bit of sticker shock are we?
#5
Thread Starter
Joined: Aug 2005
Posts: 14,227
Re: Vancouver real estate now 9.3 times incomes
Haha - i haven't really started looking yet - only at the checking out mls stage. Am going to away in feb, so will start seriously looking when I get back in march, although by then I reckon all I'll be able to afford is a garden shed. And even that will be a fixer-upper....
#6
Banned
Joined: Dec 2005
Location: In Limbo
Posts: 15,706
Re: Vancouver real estate now 9.3 times incomes
Haha - i haven't really started looking yet - only at the checking out mls stage. Am going to away in feb, so will start seriously looking when I get back in march, although by then I reckon all I'll be able to afford is a garden shed. And even that will be a fixer-upper....
All is not lost.................
http://www.realtor.ca/propertyDetail...ertyId=8838155
OK you need a piece of land as well but....................
#7
Re: Vancouver real estate now 9.3 times incomes
Fear not.......................
All is not lost.................
http://www.realtor.ca/propertyDetail...ertyId=8838155
OK you need a piece of land as well but....................
All is not lost.................
http://www.realtor.ca/propertyDetail...ertyId=8838155
OK you need a piece of land as well but....................
#12
Banned
Joined: Dec 2005
Location: In Limbo
Posts: 15,706
Re: Vancouver real estate now 9.3 times incomes
#13
Thread Starter
Joined: Aug 2005
Posts: 14,227
Re: Vancouver real estate now 9.3 times incomes
Our current tentative thinking is North Van - it's relatively more affordable than say west van or kits and still within striking distance of town (the only downside is it's where dboy lives). Not really sure about further out as I really hate commuting (my 10 min walk to work right now is priceless) and I'm not sure that I'd like the reality of living somewhere such as maple ridge or coquitlam.
#14
Banned
Joined: Dec 2005
Location: In Limbo
Posts: 15,706
Re: Vancouver real estate now 9.3 times incomes
Our current tentative thinking is North Van - it's relatively more affordable than say west van or kits and still within striking distance of town (the only downside is it's where dboy lives). Not really sure about further out as I really hate commuting (my 10 min walk to work right now is priceless) and I'm not sure that I'd like the reality of living somewhere such as maple ridge or coquitlam.
#15
Thread Starter
Joined: Aug 2005
Posts: 14,227
Re: Vancouver real estate now 9.3 times incomes
http://www.greaterfool.ca/2010/01/25/the-big-one-2/
Provides an interesting (and I would say accurate if a little scathing) commentary.
Provides an interesting (and I would say accurate if a little scathing) commentary.