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Vancouver Housing and the Double Double Helicopter Money Drop

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Posted by Brian Ripley's Canadian Real Estate Charts

on Friday, 03 March 2017 08:09

chart-double-double 2 orig

CLICK CHART TO ENLARGE

The chart shows the bulls in charge prior to the 2007-2008 plunge that took the average Vancouver SFD price down $122,900, or 15.9% in 8 months (24% per year drop). The crash derailed the exponential doubling trend but after reignition prices doubled again in June of 2016 at $1,542,642 + $18,858. The next double was scheduled for around December 2021, but it is now unlikely that buyers are as fearful of missing out as they were in 1H 2016. 

...also:

In February 2017, Vancouver detached house prices added very little drama to the slump from the July peak under the heavy weight of sentiment change and sales that are 53% below their March 2016 peak. The manic detached buying spree moved prices up 21.5% per year since the JAN 2013 low. Prices now are deflating at 11.4% since the peak in July 2016. 

....read more and view chart HERE


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