$90 billion in lost home value in Metro Vancouver over the past year: report

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A new analysis, commissioned by a group fighting real estate taxes implemented by B.C.’s NDP government, estimates Metro Vancouver shed nearly $90 billion in home. prices in the preceding years.

VANCOUVER-After years of skyrocketing values in Vancouver, owners of homes worth millions will see the value of their properties drop by about 10 per cent this year, representing about $10 billion in.

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.

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Properties across Metro Vancouver lost $89.2-billion in homeowner equity over the past year, according to a. buyers that have jacked up prices, making home ownership out of reach for many.

$90 billion in lost home value in Metro Vancouver over the past year: report home values across Metro Vancouver have taken quite a beating over the past 12 months, cutting much of the equity gained by homeowners in recent years.

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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% of Metro Vancouver’s $137 billion GDP.

$89B in home equity lost across Metro Vancouver over past year, report claims Properties across the Lower Mainland lost $89.2-billion in homeowner equity over the past year, according to a report.

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.

not-for-profit society that opposes political parties that divide and weaken communities — Metro Vancouver properties have lost an on-paper value of nearly $90 billion. The data was compiled by Paul.

$90 billion in lost home value in Metro Vancouver over the past year: report Analysis finds metro vancouver shed $89B in home equity last. – A new analysis, commissioned by a group fighting real estate taxes implemented by B.C.’s NDP government, estimates Metro Vancouver shed nearly $90 billion in home value in 2018.

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