Market Update
Please visit the link below for the most recent stats package published by the Real Estate Board of Greater Vancouver. I'm frequently analyzing the Home Price Index Chart found on pages 3 and 4. The numbers shed some light on longer term trends, but also highlight how the market has performed in the short run.
The chart is broken down into several categories which include single family, townhome, apartment and residential composite (all 3 combined). The graph at the end provides a visual representation for real estate growth in Vancouver since 1977. I think it's safe to draw from this that owning real estate in Vancouver provides homeowners with stable long-term growth.
