Royal LePage Numbers for East Vancouver

Mohican has been kind enough to add me as a contributor. I've taken on the task of keeping VHB's famous condo graph up to date. In addition to this, I've taken what VHB has done for Van West and done the same for Van East.

Here's VHB's condo chart but for East Van Standard Condos:



In the last Quarter Reported, Van East Condos reached a new high of 299,000. Unfortunately, the data for Van East is not as comprehensive as that for Van West. I've used VHB's method of assigning values of the average of present data on either side of the missing data point. Data is missing from 1995Q3 to 1997Q2, then the data is missing every second quarter for a year and a half.

Here we see Royal LePage Prices for East Vancouver bungalows and condos for the time period 1982Q2 to 2007Q1. All prices are stated in 2007Q1 dollars. Detached Bungalows reached a high of $542,000 in the last quarter reported.

In order to see if the theory of price compression is showing up in East Van prices closing in on Van West prices, the idea being that priced out Van West home buyers are slumming it in East Van, I've plotted East Van prices as a percentage of Van West prices. The results were not what I expected.

The relationship between condos was fairly stable. However Van West homes pull further and further away from East Van homes starting in the first half of 2003. Whether this implies Van East homes are now under priced or Van West homes are just that much more into bubble price territory...well that's yet to be seen.

Update: Here's Royal Lepage Numbers for Condos/Bungalows for the West Side and East Side.