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Nearly half a billion dollars worth of homes flipped during the pandemic in Vancouver
Vancouver area Speculators flipped almost half a billion dollars worth of homes so far during the pandemic, an analysis of regions real estate data shows. MetroVancouver speculators have to date flipped a staggering 460 properties worth $490 million since the World Health Organization (WHO) declared COVID-19 a pandemic on March 11, 2020. OpenHousing defines a […]
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Metro Vancouver detached prices to reach another all-time high in May
Metro Vancouver detached home prices are projected to reach yet another all-time high in May 2021 breaking the previous record set just a month earlier. The OpenHousing Home Price Index for detached properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – are expected to rise 14.19% year-over-year, the May early […]
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Metro Vancouver detached prices reach another all-time high in April
Metro Vancouver detached home prices reached yet another all-time high in April 2021, breaking the previous record set just a month earlier. The OpenHousing Home Price Index for detached properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – rose 14.79% year-over-year, the April month-end update shows. This represents an increase […]
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Metro Vancouver condo prices to reach all-time high in April
Metro Vancouver condo prices rallied in April 2021 to reach an all-time high, going above the high watermark last set in March 2018. The OpenHousing Home Price Index for condo properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – rose 10.45% year-over-year, the April mid-month projection shows. This represents a […]
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Metro Vancouver townhouse prices on course for another all-time high in April
Metro Vancouver townhouse market rally continues into April 2021, with prices heading towards another all-time high. The OpenHousing Home Price Index for townhouse properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – rose 20.28% year-over-year, the April mid-month projection shows. This represents a increase of 4.45% compared to March. The […]
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Metro Vancouver detached prices to reach another all-time high in April
Metro Vancouver detached home prices are on course to reach yet another all-time high in April 2021, breaking the previous record set just a month earlier. The OpenHousing Home Price Index for detached properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – rose 15.85% year-over-year, the April mid-month projection shows. […]
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Metro Vancouver townhouse prices reach another record high in March
The meteoric rise in Metro Vancouver townhouse prices continued into spring, with prices reaching an all-time high in March 2021 breaking the previous record set just a month earlier. The OpenHousing Home Price Index for townhouse properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – rose 12.91% year-over-year, the March […]
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Metro Vancouver detached home prices hit another all-time high in March
The relentless rise of Metro Vancouver detached home prices continued into spring with prices reaching an all-time high in March 2021 breaking the previous record set just a month earlier. The OpenHousing Home Price Index for detached properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – rose 17.15% year-over-year, the […]
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Metro Vancouver detached home prices to reach all-time high in March
The relentless rise of Metro Vancouver detached home prices show no signs of abating with prices set to reach an all-time high in March 2021 breaking the previous record set just a month earlier. The OpenHousing Home Price Index for detached properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – […]
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Vancouver’s house flipping numbers contradict Bank of Canada governor’s claims of no speculation in real estate market
By Rohana RezelBank of Canada governor Tiff Macklem said two weeks ago that he has yet to see any signs of speculation in Canada’s hot housing market. We analyzed Metro Vancouver real estate data over the last decade to see if Macklem’s claim is based on facts. We found a clear increase in levels of […]
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