How did Vancouver real estate holdings compare to other investments in 2018?

Dated: 01/12/2019

Views: 47

How did Vancouver real estate holdings compare to other investments in 2018?

    
Zoocasa
Credit: rawpixel/Unsplash

New study compares three different types of investment

Home values in Vancouver fell 1.7 percent in 2018, so other investment strategies were better bets than the citys real estate, according to Toronto-based real estate website Zoocasa.

The site, which compared property prices in three major Canadian cities to three other kinds of holdings, found that, on average, Vancouverites would have gained more last year from the S&P Canada Aggregate Bond Index (up 1.5 percent year-over-year), or a high-interest savings account (plus 1.1 percent), than real estate (down 1.7 percent).

Real estateZoocasa

However, real estate in Vancouver did top the third type of investment studied—the S&P/TSX Composite Index, which tumbled 11.6 percent in 2018.

When it comes to property, Vancouver paled in comparison to the two other cities in the survey: Calgary, where average real estate values dipped only 0.9 percent last year, and Toronto, which saw a 2.1-percent gain.

Blog author image

Steven Axford

Steve Axford grew up in Victoria, BC and has always been active in his community. Steve is a Victoria Cougars Hockey Team alumni as well as a Victoria Shamrocks (intermediate) alumni. During his time....

Latest Blog Posts

Victoria real estate market continues to adapt in the changing times

 A total of 979 properties sold in the Victoria Real Estate Board region this July, 38.7 per cent more than the 706 properties sold in July 2019 and 21.2 per cent more than the previous month

Read More

No clear end to pandemic-related uncertainty in B.C. housing market

VANCOUVER — A new forecast says the housing market in British Columbia remains uncertain during the COVID-19 pandemic.Central 1 says it expects home sales to recover marginally in 2020 and

Read More

Victoria real estate market impacted by many different factors in June

A total of 808 properties sold in the Victoria Real Estate Board region this June, 9.2 per cent more than the 740 properties sold in June 2019 and 76.8 per cent more than the previous month of May

Read More

Why housing is still the best investment for most Canadians

Owning a home remains the largest single investment for most Canadians. So it’s not surprising that fear over an economy turned upside down literally hits home for so many. The Canada

Read More