I just found some interesting estate price statistics for Vancouver from one of the forums at realestatetalks.com. Interesting stuff there. A couple of figures of note:
- The nominal growth rate of house prices from 1976 to 2005 in Vancouver is 8.04% (real is only 3%).
- The nominal growth rate of house prices from 1985 to 2005 in Vancouver is just over 5% (real looks to be about 4%).
I have always looked for good past statistics on housing price growth rates and found them difficult to find. Now I have some better numbers to use as a rough estimate of future growth, when doing simulations.