Greater Vancouver home prices to drop 21 per cent by 2019: analysis

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This website is also undergoing some changes. You will now see a wider range of civil law information and self-help topics, as well as references to services that are available through the Vancouver Justice Access Centre. Thank you for your patience as we work to improve the website.

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Indigenous peoples[ edit ] Archaeological records indicate the presence of Aboriginal people in the Vancouver area from 8, to 10, years ago. In , they travelled from the east down the Fraser River , perhaps as far as Point Grey. The explorer’s ancestors came to England “from Coevorden”, which is the origin of the name that eventually became “Vancouver”. A sawmill established at Moodyville now the City of North Vancouver in , began the city’s long relationship with logging.

It was quickly followed by mills owned by Captain Edward Stamp on the south shore of the inlet. Stamp, who had begun logging in the Port Alberni area, first attempted to run a mill at Brockton Point , but difficult currents and reefs forced the relocation of the operation in to a point near the foot of Dunlevy Street.

This mill, known as the Hastings Mill , became the nucleus around which Vancouver formed. It nevertheless remained important to the local economy until it closed in the s. This site, with its natural harbour, was selected in [40] as the terminus for the Canadian Pacific Railway, to the disappointment of Port Moody , New Westminster and Victoria , all of which had vied to be the railhead.

A railway was among the inducements for British Columbia to join the Confederation in , but the Pacific Scandal and arguments over the use of Chinese labour delayed construction until the s.

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Our mission is to provide as much information where possible to our community through an intuitive interface meant to empower, educate, and inform our users. We will endeavour to improve and enhance the applications, tools, and information available on GEOweb. Through this website you can access a wealth or maps, data, and other information pertaining to your property, your neighbourhood, and your community.

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Prices will remain in that range for two years before bottoming in Eitel concentrated on detached housing because it does not have the supply swings common to the condominium or townhouse sectors. By looking at 40 years of Greater Vancouver detached-house sales and average price cycles, Eitel is confident that a trading pattern is established that will play out over the next five to seven years.

The average price then dropped 19 per cent to bottom out in December Prices did not recover to the earlier price peak until November , six years later. We are seeing a similar pattern today, Eitel said. In each of the six instances, the line has held true and propelled the market higher.

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