Vancouver Real Estate Market Report


Blog by Arnold Shuchat | November 12th, 2014


Teranet just came out with their up to date October Real Estate Market Report for all of Canada.  For the Vancouver market, their data shows a marked uptick in housing prices of 6.54% year over year from 2013 and prices up by 5.3% year to date. That doesn't seem like much until you calculate it against an average 25% of equity in a property.  With that leverage on a $1,000,000 property, the return on equity over the last year is approximately 21.2% (before transactions costs).  You can find the report at: http://www.housepriceindex.ca/Default.aspx