Re:Generational Luck in the Housing Market
by office_drone on Thursday April 04, 2024 @07:10PM
(#39936965)
That can't be right. GTA and Vancouver home prices are 3 times what they were in 2009.
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Re:Generational Luck in the Housing Market
by bryanlarsen on Thursday April 04, 2024 @07:31PM
(#39937102)
Vancouver average detached was $1.2M in 2008, it's $1.8M now. That's not 3X.
Re:Generational Luck in the Housing Market
by office_drone on Friday April 05, 2024 @11:18AM
(#39943475)
According to a realtor association site [0] the 'Residential - All Types' price for 'Greater Vancouver' went from $466,500 in March 2009 to $1,196,800 in March 2024. That is a 2.57x multiple.
[0] https://www.gvrealtors.ca/market-watch/MLS-HPI-home-price-co...
Re:Generational Luck in the Housing Market
by bryanlarsen on Friday April 05, 2024 @01:29PM
(#39944961)
This is what I went from.
https://globalnews.ca/news/2531266/one-chart-shows-how-unpre...
Those numbers look a lot closer to my experience than yours.
All three lines show a ~50% price increase.