Comments on: Victoria bust http://www.greaterfool.ca/2009/01/31/victoria-bust/ Book and Weblog - Authored by Garth Turner Wed, 08 Feb 2012 19:26:56 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: canadianoil http://www.greaterfool.ca/2009/01/31/victoria-bust/comment-page-3/#comment-16982 canadianoil Wed, 04 Feb 2009 02:46:51 +0000 http://www.greaterfool.ca/?p=1537#comment-16982 #132 You are correct. Victoria with children is a great place to be. I sold Toronto and bought Oak bay, five years ago. My goodness I feel blessed. #132
You are correct.
Victoria with children is a great place to be.
I sold Toronto and bought Oak bay, five years ago.
My goodness I feel blessed.

]]> By: Dwane http://www.greaterfool.ca/2009/01/31/victoria-bust/comment-page-3/#comment-16935 Dwane Tue, 03 Feb 2009 18:09:07 +0000 http://www.greaterfool.ca/?p=1537#comment-16935 Victoria is a great place. It is quite quiet for a small city. Having bought here in 2002 before the price increase tat seem my value go up 286K(2002) to 615K (2007). I believe the Bank of Canada's inflation index would put my 286 to about 325K todays dollars. So whether the price is 2 million or 400,000 it is irrelevant to those that live here. We've always had a next to nothing interest rate so thats a bit of a non-issue. Although prices will likely fall much further (now average price is about 545k) to the high 300's or low 400's its all about the quality of life you want. Although health care is a realistic issue for seniors. If your healthy move up island its cheaper and perhaps a better life style. FYI I used municipal tax rates for (2007) Victoria is a great place. It is quite quiet for a small city. Having bought here in 2002 before the price increase tat seem my value go up 286K(2002) to 615K (2007). I believe the Bank of Canada’s inflation index would put my 286 to about 325K todays dollars. So whether the price is 2 million or 400,000 it is irrelevant to those that live here. We’ve always had a next to nothing interest rate so thats a bit of a non-issue. Although prices will likely fall much further (now average price is about 545k) to the high 300′s or low 400′s its all about the quality of life you want. Although health care is a realistic issue for seniors. If your healthy move up island its cheaper and perhaps a better life style.
FYI I used municipal tax rates for (2007)

]]> By: VicREBear http://www.greaterfool.ca/2009/01/31/victoria-bust/comment-page-3/#comment-16806 VicREBear Mon, 02 Feb 2009 22:34:01 +0000 http://www.greaterfool.ca/?p=1537#comment-16806 Here are Victoria's year-over-year sales and price stats, courtesy of Roger, a regular poster and numbers analyst at HouseHuntVictoria: GV - Greater Victoria January 2008 shown in () MLS Sales - 247 (464) - Down 47% MLS listings - 3678 (3027) - Up 22% GV SFH Average - 526.1K (606.4K) - Down 13% GV SFH Median - 475K (530.2K) - Down 10% GV SFH Sales - 138 (228) - Down 39% GV Condo Average - 259.7K (349K) - Down 26% GV Condo Median - 255K (304.5K) - Down 16% GV Condo Sales - 62 (125) - Down 50% GV Town Average - 394K (423.3K) - Down 7% GV Town Median - 382.5K (393K) - Down 3% GV Town Sales - 32 (41) Down 22% 13 percent loss on average SFH; 26 percent slide for condos... where's that Victoria realtor who two years ago said to me, "Well, you'd better buy whatever you can afford, 'cause prices AREN'T COMING DOWN!" Jackass. Here are Victoria’s year-over-year sales and price stats, courtesy of Roger, a regular poster and numbers analyst at HouseHuntVictoria:

GV – Greater Victoria
January 2008 shown in ()

MLS Sales – 247 (464) – Down 47%
MLS listings – 3678 (3027) – Up 22%

GV SFH Average – 526.1K (606.4K) – Down 13%
GV SFH Median – 475K (530.2K) – Down 10%
GV SFH Sales – 138 (228) – Down 39%

GV Condo Average – 259.7K (349K) – Down 26%
GV Condo Median – 255K (304.5K) – Down 16%
GV Condo Sales – 62 (125) – Down 50%

GV Town Average – 394K (423.3K) – Down 7%
GV Town Median – 382.5K (393K) – Down 3%
GV Town Sales – 32 (41) Down 22%

13 percent loss on average SFH; 26 percent slide for condos… where’s that Victoria realtor who two years ago said to me, “Well, you’d better buy whatever you can afford, ’cause prices AREN’T COMING DOWN!”

Jackass.

]]> By: canuck http://www.greaterfool.ca/2009/01/31/victoria-bust/comment-page-3/#comment-16784 canuck Mon, 02 Feb 2009 18:27:14 +0000 http://www.greaterfool.ca/?p=1537#comment-16784 My intent was not to distort and I'm not a trained journalist. My intent was not to distort and I’m not a trained journalist.

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