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

Dated: January 12 2019

Views: 56

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

Choosing Flooring: 6 Things You Need to Know

When it comes to choosing new flooring for your home or apartment, the options can be overwhelming. Almost every type of flooring has some sort of advantage over other kinds, and taking in all the

Read More

Consumer interest in homeownership in Victoria unwavering over course of pandemic

A total of 989 properties sold in the Victoria Real Estate Board region this September, 60.6 per cent more than the 616 properties sold in September 2019 and 1 per cent more than the previous month

Read More

Understanding Canada’s Record Home Sales Last Month, And Why It’s Likely To Continue

Canada’s late Spring real estate market continues, but some of the pent-up demand has caught up. Canadian Real Estate Association (CREA) data show a new all-time record for August

Read More

Victoria real estate market experiences an active summer

A total of 979 properties sold in the Victoria Real Estate Board region this August, 48.1 per cent more than the 661 properties sold in August 2019 and exactly the same total as the previous month

Read More