Vancouver is fast becoming the deadbeat of Canada's housing market as numbers released by Statistics Canada show that the West Coast city lags much of the country when it comes to housing prices.
Statistics Canada's new housing price indexes for August 2012 show that while the country's housing price index went up by 2.4 per cent between 2011 and 2012, Vancouver's dropped by 0.4 per cent and Victoria's fell by three per cent, the steepest drop in Canada.
Meanwhile, the biggest rise in the housing price index was in Toronto and Oshawa, where it went up by 4.7 per cent, followed closely by Winnipeg at 4.4 per cent.
The StatsCan report also showed little change for Vancouver and Victoria when it came to the new housing price index month-over-month.
Canada's overall new housing price index rose 0.2 per cent from July to August but Vancouver's didn't change and all and Victoria's dropped by 0.4 per cent. The biggest change in this period came in Quebec, where the index rose by 0.6 per cent.
The new housing price index is a measure of change over time in the selling price of new residential properties that have been agreed by a contractor and a buyer at the time of purchase. It does not include any value added taxes such as B.C.'s Harmonized Sales Tax (HST).
Statistics Canada noted that when B.C. goes back to the Provincial Sales Tax (PST) system that the tax on building materials will be embedded in the selling prices of new properties,
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Newfoundland: $2.5 Million
This surprisingly modest house at 34 Battery Road in St. John's is a historic property dating back to the 1870s. The six-bedroom, 3,500-square-foot house overlooks St. John's Harbour and suggests that, on the Rock, even the wealthy are down-to-earth. Source: <a href="http://remax.nf.ca/">Re/Max</a>
Newfoundland: $2.5 Million
This surprisingly modest house at 34 Battery Road in St. John's is a historic property dating back to the 1870s. The six-bedroom, 3,500-square-foot house overlooks St. John's Harbour and suggests that, on the Rock, even the wealthy are down-to-earth. Source: <a href="http://remax.nf.ca/">Re/Max</a>
Newfoundland: $2.5 Million
This surprisingly modest house at 34 Battery Road in St. John's is a historic property dating back to the 1870s. The six-bedroom, 3,500-square-foot house overlooks St. John's Harbour and suggests that, on the Rock, even the wealthy are down-to-earth. Source: <a href="http://remax.nf.ca/">Re/Max</a>
Prince Edward Island: $6.9 Million
If Anne of Green Gables were around today sh'ed probably want to switch up her seven-gabled house for this 13,000-square-foot home that overlooks the red-earth bluffs of P.E.I.'s north coast. Six bedrooms and nine bathrooms feature in this house that sits on 11 acres of land. Source: <a href="http://www.century21pei.com/">Century 21 Northumberland</a>
Prince Edward Island: $6.9 Million
If Anne of Green Gables were around today sh'ed probably want to switch up her seven-gabled house for this 13,000-square-foot home that overlooks the red-earth bluffs of P.E.I.'s north coast. Six bedrooms and nine bathrooms feature in this house that sits on 11 acres of land. Source: <a href="http://www.century21pei.com/">Century 21 Northumberland</a>
Prince Edward Island: $6.9 Million
If Anne of Green Gables were around today sh'ed probably want to switch up her seven-gabled house for this 13,000-square-foot home that overlooks the red-earth bluffs of P.E.I.'s north coast. Six bedrooms and nine bathrooms feature in this house that sits on 11 acres of land. Source: <a href="http://www.century21pei.com/">Century 21 Northumberland</a>
Prince Edward Island: $6.9 Million
If Anne of Green Gables were around today sh'ed probably want to switch up her seven-gabled house for this 13,000-square-foot home that overlooks the red-earth bluffs of P.E.I.'s north coast. Six bedrooms and nine bathrooms feature in this house that sits on 11 acres of land. Source: <a href="http://www.century21pei.com/">Century 21 Northumberland</a>
New Brunswick: $2.5 Million
You can really get some space for your money in New Brunswick. This 20-bedroom, 11-bathroom resort in Alma, N.B. — composed of three buildings including a chalet — sits on no fewer than 450 acres of land, next to Fundy National Park. There is a 40-acre man-made lake on the property, as well as four islands, picnic areas, row boats, paddle boats, tennis courts amd two garages. Source: <a href="http://www.monctonroyallepage.ca/">Royal LePage Moncton</a>
New Brunswick: $2.5 Million
You can really get some space for your money in New Brunswick. This 20-bedroom, 11-bathroom resort in Alma, N.B. — composed of three buildings including a chalet — sits on no fewer than 450 acres of land, next to Fundy National Park. There is a 40-acre man-made lake on the property, as well as four islands, picnic areas, row boats, paddle boats, tennis courts amd two garages. Source: <a href="http://www.monctonroyallepage.ca/">Royal LePage Moncton</a>
New Brunswick: $2.5 Million
You can really get some space for your money in New Brunswick. This 20-bedroom, 11-bathroom resort in Alma, N.B. — composed of three buildings including a chalet — sits on no fewer than 450 acres of land, next to Fundy National Park. There is a 40-acre man-made lake on the property, as well as four islands, picnic areas, row boats, paddle boats, tennis courts amd two garages. Source: <a href="http://www.monctonroyallepage.ca/">Royal LePage Moncton</a>
New Brunswick: $2.5 Million
You can really get some space for your money in New Brunswick. This 20-bedroom, 11-bathroom resort in Alma, N.B. — composed of three buildings including a chalet — sits on no fewer than 450 acres of land, next to Fundy National Park. There is a 40-acre man-made lake on the property, as well as four islands, picnic areas, row boats, paddle boats, tennis courts amd two garages. Source: <a href="http://www.monctonroyallepage.ca/">Royal LePage Moncton</a>
Nova Scotia: $6.7 Million
This newly-built, 6,000-square-foot house in Ketch Harbour, N.S., sits on the granite shoreline of the Atlantic Ocean and features "a series of interlocking pavilions constructed of reinforced concrete and window walls of star fire glass to capture the amazing, endless ocean views," as the realtor describes it. Only three bedrooms in this house, but what a view. Source: <a href="http://www.tradewindsrealty.com/">Tradewinds Realty</a>
Nova Scotia: $6.7 Million
This newly-built, 6,000-square-foot house in Ketch Harbour, N.S., sits on the granite shoreline of the Atlantic Ocean and features "a series of interlocking pavilions constructed of reinforced concrete and window walls of star fire glass to capture the amazing, endless ocean views," as the realtor describes it. Only three bedrooms in this house, but what a view. Source: <a href="http://www.tradewindsrealty.com/">Tradewinds Realty</a>
Nova Scotia: $6.7 Million
This newly-built, 6,000-square-foot house in Ketch Harbour, N.S., sits on the granite shoreline of the Atlantic Ocean and features "a series of interlocking pavilions constructed of reinforced concrete and window walls of star fire glass to capture the amazing, endless ocean views," as the realtor describes it. Only three bedrooms in this house, but what a view. Source: <a href="http://www.tradewindsrealty.com/">Tradewinds Realty</a>
Quebec: $18.9 Million
The realtor selling this property suggests you may want to build a heliport to get to this 200-acre estate located in a secluded corner of Quebec's eastern townships. There are several houses on this site, the main one being built in 1927. Another building is described as a "three-season chalet" and is located next to the 120-foot dock on Lake Mephramagog. The property features multiple garages, including a 40-foot-long one. The whole place is so ritzy that a barn on the property was declared a historical site. Source: <a href="http://passerelle.centris.ca/Redirect2.aspx?CodeDest=JMONTANARO&NoMls=MT10764029&Source=WWW.REALTOR.CA&Langue=E">Centris</a>
Quebec: $18.9 Million
The realtor selling this property suggests you may want to build a heliport to get to this 200-acre estate located in a secluded corner of Quebec's eastern townships. There are several houses on this site, the main one being built in 1927. Another building is described as a "three-season chalet" and is located next to the 120-foot dock on Lake Mephramagog. The property features multiple garages, including a 40-foot-long one. The whole place is so ritzy that a barn on the property was declared a historical site. Source: <a href="http://passerelle.centris.ca/Redirect2.aspx?CodeDest=JMONTANARO&NoMls=MT10764029&Source=WWW.REALTOR.CA&Langue=E">Centris</a>
Quebec: $18.9 Million
The realtor selling this property suggests you may want to build a heliport to get to this 200-acre estate located in a secluded corner of Quebec's eastern townships. There are several houses on this site, the main one being built in 1927. Another building is described as a "three-season chalet" and is located next to the 120-foot dock on Lake Mephramagog. The property features multiple garages, including a 40-foot-long one. The whole place is so ritzy that a barn on the property was declared a historical site. Source: <a href="http://passerelle.centris.ca/Redirect2.aspx?CodeDest=JMONTANARO&NoMls=MT10764029&Source=WWW.REALTOR.CA&Langue=E">Centris</a>
Ontario: $17.9 Million
This six-bedroom house sits on the shores of Lake Ontario in Oakville, near Toronto. Situated on 3.2 acres, it has 185 feet of waterfront and a boat house. The property features a triple car garage, a foyer of Italian limestone and a two-story living room. Security cameras can be controlled by way of a security panel. And the view from the back-yard pool can't be beat. Source: <a href="http://www.remaxaboutowne.com/">Re/Max Aboutowne</a>
Ontario: $17.9 Million
This six-bedroom house sits on the shores of Lake Ontario in Oakville, near Toronto. Situated on 3.2 acres, it has 185 feet of waterfront and a boat house. The property features a triple car garage, a foyer of Italian limestone and a two-story living room. Security cameras can be controlled by way of a security panel. And the view from the back-yard pool can't be beat. Source: <a href="http://www.remaxaboutowne.com/">Re/Max Aboutowne</a>
Ontario: $17.9 Million
This six-bedroom house sits on the shores of Lake Ontario in Oakville, near Toronto. Situated on 3.2 acres, it has 185 feet of waterfront and a boat house. The property features a triple car garage, a foyer of Italian limestone and a two-story living room. Security cameras can be controlled by way of a security panel. And the view from the back-yard pool can't be beat. Source: <a href="http://www.remaxaboutowne.com/">Re/Max Aboutowne</a>
Manitoba: $2.9 Million
That this 6,000-square-foot house is listed at $2.9 million is a testament to the (relative) affordability of Winnipeg real estate. "On entry you are greeted by an impressive foyer, soaring ceilings, curved staircase and grand principal rooms that are perfectly suited to entertaining," the realtor fawns. The four-bedroom house features an office and a media room, among many other amenities. Source: <a href="http://agents.royallepage.ca/winnipeg">Royal LePage Dynamic</a>
Manitoba: $2.9 Million
That this 6,000-square-foot house is listed at $2.9 million is a testament to the (relative) affordability of Winnipeg real estate. "On entry you are greeted by an impressive foyer, soaring ceilings, curved staircase and grand principal rooms that are perfectly suited to entertaining," the realtor fawns. The four-bedroom house features an office and a media room, among many other amenities. Source: <a href="http://agents.royallepage.ca/winnipeg">Royal LePage Dynamic</a>
Manitoba: $2.9 Million
That this 6,000-square-foot house is listed at $2.9 million is a testament to the (relative) affordability of Winnipeg real estate. "On entry you are greeted by an impressive foyer, soaring ceilings, curved staircase and grand principal rooms that are perfectly suited to entertaining," the realtor fawns. The four-bedroom house features an office and a media room, among many other amenities. Source: <a href="http://agents.royallepage.ca/winnipeg">Royal LePage Dynamic</a>
Manitoba: $2.9 Million
That this 6,000-square-foot house is listed at $2.9 million is a testament to the (relative) affordability of Winnipeg real estate. "On entry you are greeted by an impressive foyer, soaring ceilings, curved staircase and grand principal rooms that are perfectly suited to entertaining," the realtor fawns. The four-bedroom house features an office and a media room, among many other amenities. Source: <a href="http://agents.royallepage.ca/winnipeg">Royal LePage Dynamic</a>
Saskatchewan: $2.7 Million
Four bedrooms, seven bathrooms and three outdoor decks feature in this 4,600-square-foot home in Saskatoon. The coolest feature in this house may be the split staircase to second floor. The basement media room features an ornate bar and a huge projection screen. Source: <a href="http://www.suttonsaskatoon.com/">Sutton Group Saskatoon</a>
Saskatchewan: $2.7 Million
Four bedrooms, seven bathrooms and three outdoor decks feature in this 4,600-square-foot home in Saskatoon. The coolest feature in this house may be the split staircase to second floor. The basement media room features an ornate bar and a huge projection screen. Source: <a href="http://www.suttonsaskatoon.com/">Sutton Group Saskatoon</a>
Saskatchewan: $2.7 Million
Four bedrooms, seven bathrooms and three outdoor decks feature in this 4,600-square-foot home in Saskatoon. The coolest feature in this house may be the split staircase to second floor. The basement media room features an ornate bar and a huge projection screen. Source: <a href="http://www.suttonsaskatoon.com/">Sutton Group Saskatoon</a>
Saskatchewan: $2.7 Million
Four bedrooms, seven bathrooms and three outdoor decks feature in this 4,600-square-foot home in Saskatoon. The coolest feature in this house may be the split staircase to second floor. The basement media room features an ornate bar and a huge projection screen. Source: <a href="http://www.suttonsaskatoon.com/">Sutton Group Saskatoon</a>
Alberta: $12.7 Million
This house, featured in Architectural Digest, sits in beautiful Canmore, on the edge of the Rockies, and has six bedrooms and 10 baths. The property features multiple "outdoor living rooms" (think ornate decks) to enjoy the view. For those into medieval intrigue, there is a hidden staircase running to the underground wine cellar. Source: <a href="http://www.rlfoothills.com/">Royal LePage Foothills</a>
Alberta: $12.7 Million
This house, featured in Architectural Digest, sits in beautiful Canmore, on the edge of the Rockies, and has six bedrooms and 10 baths. The property features multiple "outdoor living rooms" (think ornate decks) to enjoy the view. For those into medieval intrigue, there is a hidden staircase running to the underground wine cellar. Source: <a href="http://www.rlfoothills.com/">Royal LePage Foothills</a>
Alberta: $12.7 Million
This house, featured in Architectural Digest, sits in beautiful Canmore, on the edge of the Rockies, and has six bedrooms and 10 baths. The property features multiple "outdoor living rooms" (think ornate decks) to enjoy the view. For those into medieval intrigue, there is a hidden staircase running to the underground wine cellar. Source: <a href="http://www.rlfoothills.com/">Royal LePage Foothills</a>
British Columbia: $34 Million
The most expensive house in Canada's priciest (and fastest-falling) real estate market features four bedrooms and six baths on 8,500 square feet, as well as a very cool boat house. But in a sign of the weakening of Vancouver's housing market, this property in ritzy West Vancouver has been on the market for some time — it featured as the most expensive house for sale in all of Canada the last time we put together this survey, in June 2012. Source: <a href="http://www.angellhasman.ca/">Angell Hasman Realty</a>
British Columbia: $34 Million
The most expensive house in Canada's priciest (and fastest-falling) real estate market features four bedrooms and six baths on 8,500 square feet, as well as a very cool boat house. But in a sign of the weakening of Vancouver's housing market, this property in ritzy West Vancouver has been on the market for some time — it featured as the most expensive house for sale in all of Canada the last time we put together this survey, in June 2012. Source: <a href="http://www.angellhasman.ca/">Angell Hasman Realty</a>
British Columbia: $34 Million
The most expensive house in Canada's priciest (and fastest-falling) real estate market features four bedrooms and six baths on 8,500 square feet, as well as a very cool boat house. But in a sign of the weakening of Vancouver's housing market, this property in ritzy West Vancouver has been on the market for some time — it featured as the most expensive house for sale in all of Canada the last time we put together this survey, in June 2012. Source: <a href="http://www.angellhasman.ca/">Angell Hasman Realty</a>
Vancouver - $299,999
#302-2333 ETON ST Building Type : Apartment Bedrooms : 2 Bathrooms : 1 Floor Space : 765 sqft Storeys : 1 Built in : 1988 Title : Condominium/Strata Maintenance Fees : $287.53 Monthly
Vancouver - $299,999
#302-2333 ETON ST
Vancouver - $299,999
#302-2333 ETON ST
Vancouver - $199,999
1640 KENT AV Building Type : House Bedrooms : 1 Bathrooms : 2 Floor Space : 860 sqft Storeys : 2 Built in : 1993
Vancouver - $199,999
1640 KENT AV
Vancouver - $199,999
1640 KENT AV
Richmond - $299,900
#3-8400 COOK RD Building Type : Apartment Bedrooms : 1 Bathrooms : 1 Floor Space : 607 sqft Storeys : 1 Built in : 2010 Title : Condominium/Strata
Richmond - $299,900
#3-8400 COOK RD
Surrey - $300,000
#A4-19296 72A AVE Building Type : Row / Townhouse Bedrooms : 3 Bathrooms : 4 Floor Space : 1298 sqft Storeys : 3 Built in : 2012 Title : Condominium/Strata
Surrey - $300,000
#A4-19296 72A AVE
Surrey - $300,000
#A4-19296 72A AVE
Whistler - $299,000
#6-2720 CHEAKAMUS WY Building Type : Row / Townhouse Bedrooms : 1 Bathrooms : 1 Floor Space : 668 sqft Storeys : 1 Built in : 1998 Title : Condominium/Strata
Whistler - $299,000
#6-2720 CHEAKAMUS WY
Whistler - $299,000
#6-2720 CHEAKAMUS WY
Prince George - $299,900
3049 RIDGEVIEW DR Building Type : House Bedrooms : 4 Bathrooms : 3 Floor Space : 2274 sqft Storeys : 4 Built in : 1977 Land Size : 0.28 ac Title : Freehold
Prince George - $299,900
3049 RIDGEVIEW DR
Prince George - $299,900
3049 RIDGEVIEW DR
Kamloops - $299,900
814-15 HUDSONS BAY TRAIL Building Type : Row / Townhouse Bedrooms : 3 Bathrooms : 3 Floor Space : 1904 sqft Title : Freehold
Kamloops - $299,900
814-15 HUDSONS BAY TRAIL
Kamloops - $299,900
814-15 HUDSONS BAY TRAIL
Kelowna - $299,900
1881 Ambrosi Road # 10 Bedrooms : 2 Bathrooms : 2 Floor Space : 1174 sqft Storeys : 2 Built in : 2012 Land Size : under 1 acre Title : Condominium/Strata Maintenance Fees : $121.74 Monthly
Kelowna - $299,900
1881 Ambrosi Road # 10
Kelowna - $299,900
1881 Ambrosi Road # 10
Nelson - $309,000
304 HIGH ST Building Type : House Bedrooms : 3 Bathrooms : 1 Floor Space : 1148 sqft Storeys : 2 Built in : 9999 Land Size : 0.163 ac
Nelson - $309,000
304 HIGH ST
Nelson - $309,000
304 HIGH ST
Cranbrook - $299,900
203 S 8TH ST Building Type : House Bedrooms : 4 Bathrooms : 3 Floor Space : 2170 sqft Storeys : 1 Built in : 1994
Cranbrook - $299,900
203 S 8TH ST
Cranbrook - $299,900
203 S 8TH ST
Abbotsford - $302,900
#11-31255 UPPER MACLURE RD Building Type : Row / Townhouse Bedrooms : 3 Bathrooms : 2 Floor Space : 1186 sqft Storeys : 2 Built in : 1992
Abbotsford - $302,900
#11-31255 UPPER MACLURE RD
Abbotsford - $302,900
#11-31255 UPPER MACLURE RD
Prince Rupert - $299,000
1541 OVERLOOK ST Building Type : House Bedrooms : 5 Bathrooms : 3 Floor Space : 2300 sqft Storeys : 3 Built in : 1968 Land Size : 0.229 ac
Prince Rupert - $299,000
1541 OVERLOOK ST
Prince Rupert - $299,000
1541 OVERLOOK ST
Smithers - $309,500
4314 JACKPINE RD Building Type : House Bedrooms : 5 Bathrooms : 2 Floor Space : 2434 sqft Storeys : 4 Built in : 1996 Land Size : 5 ac
Smithers - $309,500
4314 JACKPINE RD
Smithers - $309,500
4314 JACKPINE RD
Kitimat - $299,000
96 ANDERSON ST Building Type : House Bedrooms : 4 Bathrooms : 3 Floor Space : 2300 sqft Storeys : 2 Built in : 1974 Land Size : 0.186 ac
Kitimat - $299,000
96 ANDERSON ST
Kitimat - $299,000
96 ANDERSON ST
Victoria - $299,900
304-751 Goldstream Ave Building Type : Apartment Bedrooms : 2 Bathrooms : 2 Floor Space : 1030 sqft Built in : 2010 Land Size : 1113 sqft View : City view Title : Condominium/Strata
Victoria - $299,900
304-751 Goldstream Ave
Victoria - $299,900
304-751 Goldstream Ave
Nanaimo - $299,900
1691 NAIRNE ROAD Building Type : House Bedrooms : 4 Bathrooms : 2 Floor Space : 1870 sqft Built in : 1967 Land Size : irregular Title : Freehold
Nanaimo - $299,900
1691 NAIRNE ROAD
Nanaimo - $299,900
1691 NAIRNE ROAD
Cortes Island - $279,000
1411 ROBERTSON ROAD Building Type : House Bedrooms : 2 Bathrooms : 1 Floor Space : 1116 sqft Built in : 1975 Land Size : 2.71 ac Title : Freehold
Cortes Island - $279,000
1411 ROBERTSON ROAD
Cortes Island - $279,000
1411 ROBERTSON ROAD
Dawson Creek - $279,000
1552 109 AVE Building Type : House Bedrooms : 4 Bathrooms : 2 Floor Space : 1100 sqft Storeys : 1.5 Built in : 1962 Land Size : 73 X 130 Title : Freehold
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The Huffington Post B.C. | By Jesse Ferreras Posted: 10/11/2012 10:29 am Updated: 10/12/2012 9:14 am