Vancouver Housing and the Double Double Helicopter Money Drop

Share on Facebook Tweet on Twitter

Posted by Brian Ripley's Canadian Real Estate Charts

on Friday, 03 March 2017 08:09

chart-double-double 2 orig


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. 


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

Free Subscription Service - sign up today!

Exclusive content sent directly to your Inbox

  • What Mike's Reading

    His top research pick

  • Numbers You Should Know

    Weekly astonishing statistics

  • Quote of the Week

    Wisdom from the World

  • Top 5 Articles

    Most Popular postings

Learn more...

Our Premium Service:
The Inside Edge on Making Money

Latest Update

Opportunities in Uranium

From Patrick Ceresna - I had a chance to talk with Rick Rule of Sprott as part of our Macro Voices series and wanted to highlight a few of the...

- posted by Patrick Ceresna

Michael Campbell Robert Zurrer
Tyler Bollhorn Eric Coffin Jack Crooks Patrick Ceresna
Josef Mark Leibovit Greg Weldon Ryan Irvine