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VancouverGoinUp
04-29-09, 02:43 AM
Welcome to THE BEST PLACE ON EARTH. Real Estate is BOOMING Folks!!!

Top 5 ranking cities by region

Quality of living

<TABLE borderColor=#0057a6 cellSpacing=1 cellPadding=4 width="100%" bgColor=#cccccc border=1><TBODY><TR><TD vAlign=top borderColor=#ffffff width="25%" bgColor=#f0f7f7>Top 5 cities - Americas
</TD><TD vAlign=top borderColor=#ffffff width="25%" bgColor=#f0f7f7>Top 5 cities - Asia Pacific
</TD><TD vAlign=top borderColor=#ffffff width="25%" bgColor=#f0f7f7>Top 5 cities - Europe
</TD><TD vAlign=top borderColor=#ffffff width="25%" bgColor=#f0f7f7>Top 5 cities - Middle East & Africa
</TD></TR><TR><TD vAlign=top borderColor=#ffffff bgColor=#ffffff>

Vancouver, Canada (tied 4th)
Toronto, Canada (15th)
Ottawa, Canada (16th)
Montreal, Canada (22nd)


Calgary, Canada (26th)



The lowest ranking Americas city in the top 50 was Seattle (50th).
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Auckland, New Zealand (tied 4th)
Sydney, Australia (10th)
Wellington, New Zealand (12th)
Melbourne, Australia (18th)
Perth, Australia (21st)

The lowest ranking Asian city in the top 50 was Osaka (tied for 44th).
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Vienna, Austria ( 1st)
Zurich, Switzerland (2nd)
Geneva, Switzerland (3rd)
Dusseldorf, Germany (6th)
Munich, Germany (7th)

The lowest ranking European city in the top 50 was Madrid (48th).

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Dubai, United Arab Emirates (77th)
Port Louis, Mauritius (82nd)
Abu Dhabi, United Arab Emirates (84th)
Cape Town, South Africa (87th)
Port Elizabeth, South Africa (93rd)

NB: There are no Middle Eastern or African cities in the top 50
</TD></TR></TBODY></TABLE>
Infrastructure


<TABLE borderColor=#0057a6 cellSpacing=1 cellPadding=4 width="100%" bgColor=#cccccc border=1><TBODY><TR><TD vAlign=top borderColor=#ffffff width="25%" bgColor=#f0f7f7>Top 5 cities - Americas
</TD><TD vAlign=top borderColor=#ffffff width="25%" bgColor=#f0f7f7>Top 5 cities - Asia Pacific
</TD><TD vAlign=top borderColor=#ffffff width="25%" bgColor=#f0f7f7>Top 5 cities - Europe
</TD><TD vAlign=top borderColor=#ffffff width="25%" bgColor=#f0f7f7>Top 5 cities - Middle East & Africa
</TD></TR><TR><TD vAlign=top borderColor=#ffffff bgColor=#ffffff>

Vancouver, Canada (6th)
Atlanta, USA (15th)
Montreal, Canada (tied 15th)
Toronto, Canada (18th)
Washington D.C, USA (24th)
</TD><TD vAlign=top borderColor=#ffffff bgColor=#ffffff>

Singapore, Singapore (1st)
Tsukuba, Japan (4th)
Yokohama, Japan (5th)
Hong Kong, Hong Kong (tied 8th)
Tokyo, Japan (12th)
</TD><TD vAlign=top borderColor=#ffffff bgColor=#ffffff>

Munich, Germany (2nd)
Copenhagen, Denmark (3rd)
Dusseldorf, Germany (6th)
Frankfurt, Germany (tied 8th)
London, UK (tied 8th)
</TD><TD vAlign=top borderColor=#ffffff bgColor=#ffffff>

Dubai, United Arab Emirates (35th)
Tel Aviv, Israel (55th)
Jerusalem, Israel (70th)
Abu Dhabi, United Arab Emirates (72nd)
Port Louis, Mauritius
</TD></TR></TBODY></TABLE>

Sharky
04-29-09, 03:39 AM
Do you have a link?

GRG55
04-29-09, 05:53 AM
Welcome to THE BEST PLACE ON EARTH. Real Estate is BOOMING Folks!!!



Nice to see you haven't abandoned us VancouverGoinUp.

But "BOOMING"?

Look, I like my hometown city as much as the next guy [and maybe even as much as you :D ], but here's a little reality intrusion table from the most recent Royal LePage quarterly survey.




Note a couple of things:
This is a 4rth Q y-o-y table. Since the 4rth Quarter ended the Canadian economy has started to contract even faster and the numbers claiming employment insurance are also rising faster.
Note the remarkable premium for a home in Vancouver against comparable dwellings in every other jurisdiction. Vancouver may have much to offer, but even a hometown boy like me doesn't think that it offers so much more that it can support such an unprecedented and historically anomalous premium. The differentials compared to Toronto [which historically has always been the most expensive housing market in Canada] are truly eyepopping.
According to Royal LePage prices in Vancouver fell faster than the national average in 4rth Q 2008. It'll be interesting to see what happens in the next few quarters...I am not as optimistic as you.
IMO, Vancouver is now the riskiest housing market in Canada, and perhaps one of the riskiest in North America. If there was a way to short Vancouver and go long San Diego, it might make a good pair trade :)

Link to press release (http://www.royallepage.ca/CMSTemplates/AboutUs/Company/CompanyTemplate.aspx?id=1940)from which the table below was extracted.


<TABLE cellSpacing=0 cellPadding=0 border=1><TBODY><TR height=19><TD width=71 height=19></TD><TD colSpan=3>Detached Bungalows</TD><TD colSpan=3>Standard Two Storey</TD><TD colSpan=3>Standard Condominium</TD></TR><TR height=47><TD width=71 height=47>Market </TD><TD width=58>Q4 2008 Average</TD><TD width=63>Q4 2007 Average</TD><TD width=59>Bungalow % Change</TD><TD width=64>Q4 2008 Average</TD><TD width=56>Q4 2007 Average</TD><TD width=49>2 Storey % Change</TD><TD width=57>Q4 2008 Average</TD><TD width=54>Q4 2007 Average</TD><TD width=40>Condo % Change</TD></TR><TR height=15><TD height=15>Halifax</TD><TD>215,000 </TD><TD>201,333 </TD><TD>6.8%</TD><TD>259,667 </TD><TD>231,667 </TD><TD>12.1%</TD><TD>159,500 </TD><TD>148,500 </TD><TD>7.4%</TD></TR><TR height=15><TD height=15>Charlottetown</TD><TD>157,000</TD><TD>152,000</TD><TD>3.3%</TD><TD>188,000</TD><TD>180,000</TD><TD>4.4%</TD><TD></TD><TD></TD><TD></TD></TR><TR height=15><TD height=15>Moncton</TD><TD>150,000</TD><TD>151,000</TD><TD>-0.7%</TD><TD>126,000</TD><TD>135,000</TD><TD>-6.7%</TD><TD></TD><TD></TD><TD></TD></TR><TR height=15><TD height=15>Fredericton</TD><TD>162,000</TD><TD>155,000</TD><TD>4.5%</TD><TD>210,000</TD><TD>197,000</TD><TD>6.6%</TD><TD>133,000</TD><TD>126,000</TD><TD>5.6%</TD></TR><TR height=15><TD height=15>Saint John</TD><TD>225,064</TD><TD>196,500</TD><TD>14.5%</TD><TD>294,695</TD><TD>255,000</TD><TD>15.6%</TD><TD></TD><TD></TD><TD></TD></TR><TR height=15><TD height=15>St. John's</TD><TD>190,050 </TD><TD>157,667 </TD><TD>20.5%</TD><TD>261,800 </TD><TD>219,333 </TD><TD>19.4%</TD><TD>203,000 </TD><TD>165,000 </TD><TD>23.0%</TD></TR><TR height=15><TD height=15>Atlantic</TD><TD>190,921 </TD><TD>173,150 </TD><TD>10.3%</TD><TD>238,310 </TD><TD>212,000 </TD><TD>12.4%</TD><TD>174,183 </TD><TD>145,429 </TD><TD>19.8%</TD></TR><TR height=15><TD height=15>Montreal</TD><TD>261,372 </TD><TD>258,150 </TD><TD>1.2%</TD><TD>334,850 </TD><TD>342,491 </TD><TD>-2.2%</TD><TD>200,284 </TD><TD>202,859 </TD><TD>-1.3%</TD></TR><TR height=15><TD height=15>Ottawa</TD><TD>321,333 </TD><TD>308,583 </TD><TD>4.1%</TD><TD>317,083 </TD><TD>306,500 </TD><TD>3.5%</TD><TD>207,167 </TD><TD>196,833 </TD><TD>5.2%</TD></TR><TR height=15><TD height=15>Toronto</TD><TD>411,483 </TD><TD>448,133 </TD><TD>-8.2%</TD><TD>513,417 </TD><TD>550,705 </TD><TD>-6.8%</TD><TD>299,675 </TD><TD>306,830 </TD><TD>-2.3%</TD></TR><TR height=15><TD height=15>Winnipeg</TD><TD>219,650 </TD><TD>214,494 </TD><TD>2.4%</TD><TD>247,029 </TD><TD>237,571 </TD><TD>4.0%</TD><TD>132,083 </TD><TD>127,408 </TD><TD>3.7%</TD></TR><TR height=18><TD height=18>Regina</TD><TD>274,167 </TD><TD>229,200 </TD><TD>19.6%</TD><TD>238,260 </TD><TD>199,000 </TD><TD>19.7%</TD><TD>172,917 </TD><TD>144,000 </TD><TD>20.1%</TD></TR><TR height=15><TD height=15>Saskatoon</TD><TD>300,000 </TD><TD>292,500 </TD><TD>2.6%</TD><TD>328,750 </TD><TD>321,250 </TD><TD>2.3%</TD><TD>194,250 </TD><TD>205,000 </TD><TD>-5.2%</TD></TR><TR height=15><TD height=15>Calgary</TD><TD>410,333 </TD><TD>429,889 </TD><TD>-4.5%</TD><TD>408,263 </TD><TD>461,811 </TD><TD>-11.6%</TD><TD>257,189 </TD><TD>284,144 </TD><TD>-9.5%</TD></TR><TR height=15><TD height=15>Edmonton</TD><TD>301,429 </TD><TD>336,786 </TD><TD>-10.5%</TD><TD>337,075 </TD><TD>370,000 </TD><TD>-8.9%</TD><TD>206,854 </TD><TD>240,500 </TD><TD>-14.0%</TD></TR><TR height=15><TD height=15>Vancouver</TD><TD>743,750 </TD><TD>795,250 </TD><TD>-6.5%</TD><TD>837,500 </TD><TD>895,000 </TD><TD>-6.4%</TD><TD>405,000 </TD><TD>428,250 </TD><TD>-5.4%</TD></TR><TR height=15><TD height=15>Victoria</TD><TD>425,000</TD><TD>425,000</TD><TD>0.0%</TD><TD>433,000</TD><TD>456,000</TD><TD>-5.0%</TD><TD>265,000</TD><TD>292,000</TD><TD>-9.2%</TD></TR><TR height=28><TD height=28>National
Average
House Price


</TD><TD>319,640 </TD><TD>335,845 </TD><TD>
-4.8%


</TD><TD>376,140 </TD><TD>401,299 </TD><TD>
-6.3%


</TD><TD>233,230 </TD><TD>246,048 </TD><TD>
-5.2%


</TD></TR></TBODY></TABLE>

Slimprofits
04-29-09, 09:02 AM
Sharky, it's from Mercer

http://www.mercer.com/qualityofliving

Sharky
04-29-09, 09:13 AM
Sharky, it's from Mercer

http://www.mercer.com/qualityofliving

Nice to see NZ and Canada doing well on the quality of living rankings, including a little friendly rivalry between Vancouver and Auckland, tied at #4. I happen to like where I am in NZ even more than Auckland, so I should be thankful.

However, quality of living has very little to do with real estate prices! Prices in NZ are holding up OK so far -- down only about 7 or 8% from peak. Definitely no boom here.

jtabeb
04-29-09, 10:07 AM
Do you have a link?

It's on forbes.com

rogermexico
04-29-09, 01:17 PM
Nice to see NZ and Canada doing well on the quality of living rankings, including a little friendly rivalry between Vancouver and Auckland, tied at #4. I happen to like where I am in NZ even more than Auckland, so I should be thankful.

However, quality of living has very little to do with real estate prices! Prices in NZ are holding up OK so far -- down only about 7 or 8% from peak. Definitely no boom here.

Sharky, may I ask where you are in NZ?

WDCRob
04-29-09, 01:52 PM
Sounds good VGU! I might be interested.

You got any housing-price data trends available?

Spartacus
04-29-09, 02:57 PM
<big style="color:Red">PRICE, VGU<br>
<big><big><b>PRICE!!!!!!!
what happened to the $$$$ TRILLION $$$$$ you promised me in 5 years?</b></big></big></big>

<br><br>
<big style="color:Red">PRICE, VGU<br>
<big><big><b>PRICE!!!!!!!</b></big></big></big>

Sharky
04-29-09, 09:47 PM
Sharky, may I ask where you are in NZ?

I live in Nelson, on the north coast of the south island.

We get about 2400 hours of sun per year here -- nearly as much as San Diego. Our infrastructure includes a good-sized port, an airport, a hospital, and a number of large department stores and groceries. The nearby population is about 60,000.

http://en.wikipedia.org/wiki/Nelson,_New_Zealand

1498

metalman
04-29-09, 10:41 PM
sold! i'll be there next week. what's your address ;)

zoog
04-29-09, 11:10 PM
<big style="color: Red;">PRICE, VGU

<big><big>PRICE!!!!!!!
what happened to the $$$$ TRILLION $$$$$ you promised me in 5 years?</big></big></big>




<big style="color: Red;">PRICE, VGU

<big><big>PRICE!!!!!!!</big></big></big>

lol. might be a little complication with that...


http://img135.imageshack.us/img135/7646/vancouverbchousing0309.jpg (http://img135.imageshack.us/my.php?image=vancouverbchousing0309.jpg)

WDCRob
04-29-09, 11:15 PM
So it's more of a VGD thing, Zoog?

I hear they have topical drugs for that now, btw...

GRG55
04-29-09, 11:16 PM
lol. might be a little complication with that...

Look close enuf, I am shuur that there's a botum frmin'...:p