*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/
Popularity: 16% [?]
i like the part in the end about how it hurts families, it doesnt just hurt them, it rips them apart. if the prices of other things went up like real estate went up in the last seven years people would lose it, i almost got suckered in myself, now i am just going to wait because to buy now would simply be too risky…now I will just wait for the real estate bubble cult zombies to start slamming my comment…comon, I see you hiding under the rubble of that century 21 building…
@munimula1999 – only someone who COMPLETELY missed the point of the ending would post a condescending response like that. the end of the video was a warning for prospective buyers and people ill prepared for the financial commitment; real estate is always a good investment, if you are in it for the long haul and you can afford it.
Awesome video!!!! very interesting way to look at it!! Good work
This is good!….
@flota720 – where is down south, do you mean seattle? what makes you think we'll see the same thing in Vancouver? i'm not familar with what happened in Japan or Europe real estate markets a few years ago. Were people agreeeing to mortgages for more than they could afford?
actually, if you bought in any year since 1975 and hung on, it did go up !so what is the point? We have masses of cash coming in- allowed to invest from foreigners whose countries economies are unstable or corrupt, until that changes it will keep going. the bubble is just pricing out local families
@munimula1999 really I think you should talk the the neighbors down south. The Japanese real estate owners, European real estate owners that bought in the last couple years.
like the video, but obviously put together by someone who does not own real estate.
Do One for Toronto Market
omg why would i get on that the ending the water boom u die drown!
Can you built your own coasters in nolimits???????
no way, i will not sit on that
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.
hahah. a realtor just told me that today…buy now or be priced out forever.
What an awesome job ! This is like a wake call to real estate fad !
super creative, great presentation. consider to have a series about other topics?!
such as stock market, gas price, CDN exchange rate?! 
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.
very cool and it must have take a long time to do. Thank you very much for your hard work.
The best explanation I have ever seen of any investment volatility. Great education and brilliant marketing.
Awesome.
Awesome video! This really brings the graphs and charts to life. Outstanding!
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.
Brilliantly done!
It is getting exciting!! Is there one for Calgary?
I almost get motion sickness from watching this..