octoBEr 2016 BCBusiness 25 *Year to date June 2016
1980
OiL PRiCe
$35.52
1985
OiL PRiCe
$27.01
1986
OiL PRiCe
$13.53
1990
OiL PRiCe
$22.26
1995
OiL PRiCe
$16.86
1996
OiL PRiCe
$20.29
2000
OiL PRiCe
$27.60
2005
OiL PRiCe
$50.59
2008
OiL PRiCe
$94.10
2009
OiL PRiCe
$60.86
2012
OiL PRiCe
$109.45
2016
OiL PRiCe
$36.13
2007
"the buzz leading up to the 2010
winter olympics will continue to
drive up housing prices in vancouver
next year, royal lepage said yester-
day in a new market survey."
–The Province, December 18, 2007
2004
"the cost of housing in vancouver,
already the highest in canada, is
predicted to climb still higher, an rBc
report says today.... not only is the
city's housing the least affordable of
any major canadian city, it's the least
affordable it has been in more than
five years."
– Vancouver Sun, november 18, 2004
1999
"vancouver continued to be
the most expensive city in
canada for house buyers
last year despite steep price
declines."
– Globe and Mail, January 5,
1999
2011
"[i]n vancouver, the country's priciest
market, as in other 'globalized' markets
like sydney and hong Kong, asian wealth
is coming in as investors diversify and
look for hard assets, fuelling valuations
that in some cases are 'extreme.'"
– Globe and Mail, June 16, 2011
2015
"soaring housing
prices have squeezed
out a generation of
young buyers from
ever owning a place
with a front lawn and
backyard."
– Globe and Mail,
June 3, 2015
1999:
minimum
down payment
reduced
to 5%
Canadian
ReCession
2009
2010
vancouver
olympics
cruDE oil pricEs sincE 1980 (pEr BarrEl, in usD)
AVeRAGe
HOuse
PRiCe
(in
CAnAdiAn
dOLLARs)
200,000
100,000
300,000
400,000
500,000
600,000
700,000
900,000
800,000
1,000,000
1,100,000
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016Y
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vancouvEr toronto calGarY
