vanpro wrote:eyesthebye wrote:very interesting stats.
I had assumed that there were approx 70,000 detached single family homes in Vancouver.
it appears that this is what it was circa 1991 (67,840), and 2006 shows that this was reduced
to 48,365 by redvelopment to multi-family
So my assumption is now backed by stats.
Each year there are fewer and fewer single family homes in this city.
Perhaps if we added the 20,000 SFH that were converted to other we might actually
see some prices reductions and some point in the future.
Just think Vanpro, we're losing 1300 detached homes each year, so we're probably sitting at 43K right now.
In another 15 years the single family detached might be a very rare sight indeed.
This is a survey, not a full count and therefore does NOT equal the actual total # of homes - it depends on the # respondents - like and election - turnout is way less than total population. Also, although there are legal requirements to return census forms and fully completed, it is impossible to fully enforce and also heavily dependent on accurate and honest responses from those that do respond.
SFH's are dwindling in many areas, including the last 4 homes in the last 4 areas I've owned. To think otherwise is incorrect.