$90 billion in lost home value in Metro Vancouver over the past year: report

While falling home prices may be good news for those trying to get into the real estate market, they’re certainly not welcomed by the 63.7 per cent of Metro Vancouver adults who own their home. A.

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$90 billion in lost home value in Metro Vancouver over the past year: report Home values across Metro Vancouver have taken quite a beating over the past 12 months, cutting much of the equity gained by homeowners in recent years.

3-year Price Trends of apartment homes by neighbourhood and city $90 billion in lost home value in Metro Vancouver over the past year: reported by Kenneth Chan "canadian real estate price Growth Is Absurd Compared To The US" – a bold claim, but @BetterDwelling has the facts and figures to back it up.

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Recent reports are that $90 billion has been lost in home value just in Metro Vancouver just over the past year. This figure is roughly 65 per cent of the entire annual economic output of the region (GDP $137B). It represents approximately $40,000 for every resident of Metro Vancouver in the year, almost matching average annual salaries.

Today, at an event hosted by STEPUP, I released analysis that shows nearly $90 billion of estimated losses in homeowner equity across Metro Vancouver, largely driven by new federal and provincial.

Today, at an event hosted by STEPUP, I released analysis that shows nearly $90 billion. homes. This report is cause for alarm. Our analysis uses sales data to determine an estimated loss of.

Properties across Metro Vancouver lost $89.2-billion in homeowner equity over the past year, according to a report released on Tuesday. The report was prepared by analyzing publicly available housing data, and was released by Step Up Now, a volunteer group that lobbies against taxation.

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