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

The City of Vancouver, meanwhile, saw the biggest drop in total dollar value at $43.6 billion. READ MORE: Metro Vancouver home prices slide again, april sales 43% below 10-year average

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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

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.

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. The analysis was commissioned by the anti-speculation tax and anti-school tax group StepUp Now, and was conducted by tax agent Paul Sullivan with Burgess, Cawley, Sullivan and Associates.

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. It represents approximately $40,000 for every resident of Metro Vancouver, almost matching average annual salaries.

Here alone the waste is enormous, as Lord Carter of Coles identified in a report on NHS inefficiencies carried out for the Department of Health last year. Most trusts. came to well over £1 billion,

3-year Price Trends of apartment homes by neighbourhood and city $90 billion in lost home value in Metro Vancouver over the past year: reported by Kenneth Chan "Canadian Real Estate Price Growth Is Absurd Compared To The US" – a bold claim, but @BetterDwelling has the facts and figures to back it up.

Vancouver home prices grew over 200% faster than New York City since 2000 Metro Vancouver at ‘epicentre’ of further downside in BC housing prices: report $90 billion in lost home value in Metro Vancouver over the past year: report

$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.

Housing Outlook Remains Weak While Labor Market Stays Strong Trade wars and the Fed. The U.S. manufacturing cycle slowed abruptly at the end of 2018 and remains weak at mid-year 2019. Meanwhile the global manufacturing cycle continued to decelerate through May and is approaching recessionary levels. The 10-year U.S. Treasury yield has traded below the federal funds rate since May 22, and this inversion of the curve is a hallmark of the late cycle.