tuesday mass debate - housing prices - vancouver a bubble or just expensive

Jan. 4, 2024, 12:43 p.m.

Posts: 732

Joined: Jan. 2, 2018

Up 60k, but that's only about 3%, so considering inflation, technically it's down I suppose.

That said it's still up more like 30% from pre-covid and I don't intend to move for another decade or so, so it's pretty irrelevant to me at this point.

I would not be surprised if they turn my neighborhood into condos around that time, which would work for me.

Jan. 4, 2024, 1:21 p.m.

shoreboy

Posts: 1538

Joined: Sept. 30, 2006

Definitely not flattening out in Vancouver from what I can see. Ours went up 8% this year. Previous years of 11%, 11%, 6% and then the Covid lull. That is the only time it was 'flat' for us. Looking back on the assessment page, I forgot how nuts 2016/2017 was when our assessment went up 22% and then 26%. Also no plans to move, so it really doesn't have much effect on us.

Jan. 4, 2024, 2:16 p.m.

XXX_er

Posts: 15933

Joined: Nov. 20, 2002

I think you have to ask an RE agent cuz I believe the Assesments go on history ??

edit: sales history

Last edited by: XXX_er on Jan. 4, 2024, 2:57 p.m., edited 1 time in total.

Jan. 4, 2024, 2:28 p.m.

heckler

Posts: 18740

Joined: Oct. 28, 2003

-10%, townhouse on the shore.

Lines up with drop from 2022 to 2023's average sale price per sq foot in the complex too.

But my neighbor sold at the end of September for more than 2022's average sale price per sq foot. So, meh... Property tax assessments mean little to sale price.