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

Vancouver home prices grew over 200% faster than New York City since 2000 Metro Vancouver at ‘epicentre’ of further downside in BC housing prices: report $90 billion in lost home value in Metro Vancouver over the past year: report

Speaking after Canwest Global Communications corp. (tsx: cgs) said it lost $1.02 billion. over 2007, the company reported. In trading today on the TSX, shares in Winnipeg-based Canwest, which have.

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 government policies and taxes on homes. This report is cause for alarm.

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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% of the entire annual economic output of the region (GDP $137 billion). It represents approximately ,000 for every resident of Metro Vancouver in the year, almost matching average annual salaries.

Properties across Metro Vancouver lost $89.2-billion in homeowner equity over the past year, according to a report released on Tuesday. It showed that Vancouver saw a nearly 13 per cent decrease in equity value, for a total of $43.6-billion. West Vancouver had the highest percentage decrease at 14.7

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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.

Metro Vancouver detached home prices plunge 26% from peak. 11 4 comments . Vancouver condo development luring buyers with ‘free wine for a year’ 21 .. $90 billion in lost home value in Metro Vancouver over the past year: report. 21 .

Recent reports are that $90 billion has been lost in home value in Metro Vancouver over the past year alone. That is equal to roughly 65% of Metro Vancouver’s $137 billion GDP.