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Compare Toronto & Vancouver Housing

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Posted by Brian Ripley's Canadian Real Estate Charts

on Tuesday, 06 June 2017 08:55

chart-compare-vancouver-toronto 6 orig

 
Single Family Detached, Town House and Condo Prices and Total Residential Listings and Sales and the Absorption Rates as well as INSIDE AIRBNB below.
 
The chart above shows the HPI® prices for Vancouver and average prices for Toronto (solid plot lines) as well as the Monthly Absorption Rate ​(MAR = Sales/Listings as dotted plot lines). 

At the old Vancouver price peak in April 2012 before Torontonians joined the party, Vancouver metro SFDs were 64% more expensive than Toronto comparables. In July 2016 at the peak of Vancouver SFD prices, they were 65% more expensive. The gap is closing quickly; it's narrowed down to 33%, and now strata prices are similar within 9% of each other.

In March 2017 the Monthly Absorption Rate based on total inventory and total residential sales hit 154% in Toronto vs Vancouver at 47%. Vancouver may have led the FOMO crowd up the ladder, but Toronto maybe sending them down the snake.

...click HERE to view attempt to visualize the distortions of the market


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