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

Dated: January 12 2019

Views: 71

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

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

OSFI proposes tighter mortgage rules amid 'very strong forces'

Canada’s top banking watchdog is taking another shot at overhauling its stress test on residential mortgages in a move that would make it harder for some borrowers to qualify.The Office of the

Read More

New Uninsured Mortgage Stress Test Starts June 1

Here’s the latest on what we know about the banking regulator’s new mortgage stress test proposal…12:10 p.m. ET UpdateOSFI has proposed a tougher minimum qualifying rate

Read More

What's a Sellers’ Market!?

If you’ve given even a casual thought to selling your house in the near future, this is the time to really think seriously about making a move. Here’s why this season is the

Read More

Here’s how to keep your rental house in good order

Positive, honest, open communication is key to any successful relationship. It’s also paramount to maintaining that relationship over time - be it with a spouse, friend, or even a tenant.Yes,

Read More