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.
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The highest percentage decrease was in West Vancouver, where home values dropped by $7.64 billion or 14.68%. The average loss per household in Vancouver and West Vancouver is $153,873 and $451,385, respectively. Richmond saw the third highest drop per household, with an average loss value of $95,750.
Nearly $90b in equity wiped off Lower Mainland home values in past year (with infographic) Report reveals average amount lost per household in individual municipalities, and percentage of equity lost
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
Home Business $90 billion in lost home value in Metro Vancouver over the past.
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 per cent of Metro Vancouver’s $137 billion GDP.
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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 $40,000 for every resident of Metro Vancouver in the year, almost matching average annual salaries.
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.
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City manager Jeff Fielding said Tuesday that the past three years have seen more than $12.5 billion in lost property value from highly valued downtown. but I can’t solve this problem that happened.
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