As we mentioned last December, detached homes in the priciest parts of Greater Vancouver continue to hold their value despite predictions of a crash. Houses in Vancouver West (west of Ontario Street), the most expensive real estate zone in B.C., are 28 per cent above the levels of five years ago, while adjacent areas such as East Vancouver and Richmond are almost as strong.
Apartment markets are weaker across the board, according to current figures from the Greater Vancouver and Fraser Valley real estate boards. In every market from Abbotsford to West Vancouver, detached homes have outperformed apartments over the past five years. Continue reading