*PLEASE RATE THIS VIDEO & COMMENT* This is a roller coaster simulation of the last 35 years of the Vancouver Real Estate market. The actual graph you’re riding is the inflation adjusted value of a house in Vancouver BC based on data collected by Royal LePage and calculated by the UBC Centre for Urban Economics and Real Estate. Some of the peaks and troughs have been rounded to keep the train from flying off the tracks, but other than that slight modification it is a precise scale model of the red line on this graph:
cuer.sauder.ubc.ca/cma/data/ResidentialRealEstate/HousingPrices/housing-pri-vancouver.pdf
Recent talk of a Canadian housing bubble calls for a look at the history of our bubbliest city: Vancouver BC. When the housing bubble of the early eighties popped in this city some house prices dropped by 50% over the next couple of years and didn’t reach their inflation adjusted real price again for 25 years. What would a real estate market bust look like these days?
This video was created using NoLimits Roller Coaster Simulation software: nolimitscoaster.com/
Duration : 0:3:12
[youtube hqOn5XEm86A]
June 14th, 2010 at 2:37 am
Can you built your …
Can you built your own coasters in nolimits???????
June 14th, 2010 at 2:37 am
no way, i will not …
no way, i will not sit on that
June 14th, 2010 at 2:37 am
Very Well Done. I …
Very Well Done. I love how you used sarcasm and satire for your coaster. I enjoyed it very much. You should do a United States stock market one next.
June 14th, 2010 at 2:37 am
hahah. a realtor …
hahah. a realtor just told me that today…buy now or be priced out forever.
June 14th, 2010 at 2:37 am
What an awesome job …
What an awesome job ! This is like a wake call to real estate fad !
June 14th, 2010 at 2:37 am
super creative, …
such as stock market, gas price, CDN exchange rate?! 
super creative, great presentation. consider to have a series about other topics?!
June 14th, 2010 at 2:37 am
Excellent graphics. …
Excellent graphics. I enjoyed the slogans associated with speculative bubbles: “buy it or be priced out forever”. Also it was good to see inflation adjusted figures.
June 14th, 2010 at 2:37 am
very cool and it …
very cool and it must have take a long time to do. Thank you very much for your hard work.
June 14th, 2010 at 2:37 am
The best …
The best explanation I have ever seen of any investment volatility. Great education and brilliant marketing.
June 14th, 2010 at 2:37 am
Awesome.
Awesome.
June 14th, 2010 at 2:37 am
Awesome video! …
Awesome video! This really brings the graphs and charts to life. Outstanding!
June 14th, 2010 at 2:37 am
For a single family …
For a single family home, detached, Vancouver’s median price to median income ratio is pushing 11x. Vancouver’s long-run norm is about 4x. When interest rates rise and CMHC is forced to tighten, prices will return to 4x. Vancouver is screwed. As is Victoria and Toronto and to a lesser degree, Calgary and Edmonton.
June 14th, 2010 at 2:37 am
Brilliantly done!
Brilliantly done!
June 14th, 2010 at 2:37 am
It is getting …
It is getting exciting!! Is there one for Calgary?
June 14th, 2010 at 2:37 am
I almost get motion …
I almost get motion sickness from watching this..
June 14th, 2010 at 2:37 am
Great visual! What …
Great visual! What strange confluence of events, or what conspiracy of dark forces, has brought this world class bubble to Vancouver? That’s what I’d like to know. I look around at the people talking about decorating their new condos, and I am saddened when I see some of them, because I know from the other things they say and from the way they look that they are going to run into trouble.
June 14th, 2010 at 2:37 am
Whoa. I didn’t know …
Whoa. I didn’t know any Canadian cities had housing bubbles.
June 14th, 2010 at 2:37 am
Whee!
Whee!
June 14th, 2010 at 2:37 am
that was a rush !
that was a rush !