This shows the the price trend of Detached, Townhouse, and Apartment up to the last 11 years, broken by individual cities in Greater Vancouver.
But it is misleading. If you look at Metro Vancouver's trend, all 3 types of housing have gone up in prices. But if you look at the surrounding cities, only the Detached and Townhouse prices have gone up. Apartment pricing have remain relatively flat until 15 months ago. Since then Apartment price have gone up as well.
This is probably because 15 months ago, the Detached/Apartment pricing have increased to the point where buyers started to consider Apartment as a viable resident.
PS. If you look at the graph, you will notice that the prices have gone up so much it broke the graphing software.
You really should include a link to this as well- Real Estate Board of Greater Vancouver MLS Home Price Index http://www.rebgv.org/home-price-index?region=all&type=all&da...
This shows the the price trend of Detached, Townhouse, and Apartment up to the last 11 years, broken by individual cities in Greater Vancouver.
But it is misleading. If you look at Metro Vancouver's trend, all 3 types of housing have gone up in prices. But if you look at the surrounding cities, only the Detached and Townhouse prices have gone up. Apartment pricing have remain relatively flat until 15 months ago. Since then Apartment price have gone up as well.
This is probably because 15 months ago, the Detached/Apartment pricing have increased to the point where buyers started to consider Apartment as a viable resident.
PS. If you look at the graph, you will notice that the prices have gone up so much it broke the graphing software.