Wednesday, August 3, 2011

REBGV Report


Lots of interesting stuff.

The HAM areas are still on fire YOY- Richmond, West Van and Van West. While the hot money flows out of China, these places will sizzle.

However, where the local tax-payers live things are VERY different.

Look at the Benchmark prices.

These areas are negative YOY (SFH):

Port Moody
Sunshine Coast

These areas are negative over the last three years!

Squamish (-15%)
Maple Ridge
Port Moody

Lots of areas flat or negative for apartments YOY and over three years.

MOI = 6


No time to look through in detail. MOI = 7.6