$2.5 Million
SOLD
The story of a humble 86-year-old home in Vancouver's
Point Grey neighbourhood was widely circulated by
national media outlets and became a lightning rod for
local frustration with skyrocketing property values.
The "knockdown", with its rotting walls and $2.4 million
asking price, perfectly underscored how crazy the
region's overheated housing market had gotten.
A month later, the house was sold for $80,000 above
its asking price, rekindling public outrage.
How did Vancouver reach this point?
This infographic's purpose is to connect the dots between
Vancouver's history of speculation, demographic waves,
public policy, and external pressures that have all had a
hand in shaping today's hot real estate market.
Let's start at the very beginning...
On January 29th, 2016, Vancouver went crazy.
Year built: 1930
Neighbourhood: Point Grey
Lot size: 2,069 ft²
Bedrooms: 3
Bathrooms: 2
Mul§million Dollar Knockdown
SOURCE: The Province
In a surprise move, the Canadian Pacific Railway
announced that Granville – population 400 – would
become the terminus of the future Trans-Canada Railway.
The well-connected men who had conveniently purchased
property in the area made a fortune as prices rocketed up.
By the close of 1888, the
newspaper was packed with
property speculation ads,
and real estate companies
outnumbered restaurants.
On the Right Track
33 9
Example: District Lot 476
71 hectares
~1870
$200
1882
$2,000
1889
$20,000
infographics
40 | summer 2016 cmba-achc.ca CMB MAGAZINE
Real Estate Mania: a Visual
Journey Through Vancouver's
Market History
