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03-25-2009, 11:18 PM
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#1 | The RS Anchorman
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| Vancouver is Canada's wealthiest city: study
Vancouver is Canada’s wealthiest city, according to a recent study released by Pitney Bowes Business Insight.
The average net worth of households in the Greater Vancouver area in 2007 is $592,851 — beating out second place Toronto’s $562,173 by more than $30,000.
Calgary is in third place with an average household wealth tally of $560,332, while Victoria, the only other B.C. city on the list, is fourth with $544,542.
“The relatively higher value of housing in Vancouver is responsible for driving the 2007 results,” said the report, which tracked household wealth in 16 Canadian metropolitan areas.
The start of the economic downturn last year, however, has driven house prices down in 2008.
In Vancouver, the average value of homes dropped by 11 per cent, while Toronto saw a decline of 8.5 per cent.
Analysts also applied 2008 trend data to see which Canadian city has been hardest hit by the dramatic declines in the stock market.
Calgary topped the list because it has the highest rate of households — about 14.4 per cent — owning stocks and/or mutual funds, it said.
In comparison, families in least-hit Quebec City own only 5.5 per cent in equity investments.
© Copyright (c) The Province
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03-25-2009, 11:32 PM
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#2 | Banned (ABWS)
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hongers and mainland immigrants
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03-25-2009, 11:32 PM
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#3 | I only answer to my username, my real name is Irrelevant!
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cool and kinda sad
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03-26-2009, 07:04 AM
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#4 | Willing to sell a family member for a few minutes on RS
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interesting
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03-26-2009, 07:09 AM
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#5 | Official Texas Ambassador
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| Quote:
Originally Posted by Synaptik hongers and mainland immigrants | +1
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03-26-2009, 09:17 AM
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#6 | Banned (ABWS)
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Did you read it was mostly real estate wealth. If you took housing out of it, Vancouver is below Toronto (and probably other cities) in wealth.
Real estate wealth was created by a massive bubble, that's correcting. Expect to see Toronto ontop next year.
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03-26-2009, 09:22 AM
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#7 | Willing to sell a family member for a few minutes on RS
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may be the wealthiest but also one of the most expensive cities to live in too
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03-26-2009, 10:10 AM
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#8 | Banned (BBM)
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| Quote:
Originally Posted by hotjoint may be the wealthiest but also one of the most expensive cities to live in too | werd
hence why im so fucking poor right now
fuck
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03-26-2009, 10:14 AM
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#9 | RS.net, where our google ads make absolutely no sense!
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im not surprised about this at all.
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03-26-2009, 10:26 AM
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#10 | Banned By Establishment
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Thanks to my co-ownership of my property, I lowered the city's average by 0.23%
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03-26-2009, 11:16 AM
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#11 | Willing to sell a family member for a few minutes on RS
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| Quote:
Originally Posted by Mugen EvOlutioN werd
hence why im so fucking poor right now
fuck | nah you're just poor cuz u spend all your money on ps3 games  them shits cost more then a pretty penny especially if u guys buy retail. The only retail game i've bought is sf4 cuz I had to have it. Everything else is from craigslist or rs for $40 or under |
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03-26-2009, 11:46 AM
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#12 | My AFC gave me an ABS CEL code of LOL while at WOT!
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Originally Posted by Mugen EvOlutioN werd
hence why im so fucking poor right now
fuck | move to chilliwack homie. pretty cheap out here
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03-26-2009, 11:53 AM
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#13 | Banned (BBM)
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and work in downtown? haha as if my gas bill isnt enough per month 
chilliwack = chilly gone whacked 
i like it tho, nice and quiet. Time to get away from all the shootings
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03-26-2009, 12:15 PM
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#14 | OMGWTFBBQ is a common word I say everyday
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Originally Posted by Mugen EvOlutioN
chilliwack = chilly gone whacked   | I choked on my bag of chips lol
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03-26-2009, 12:43 PM
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#15 | How I Mod your mother
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Wealthiest, do they mean the highest population of douchebags?
Ok...I'll agree there..
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03-26-2009, 12:50 PM
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#16 | Banned (ABWS)
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| Quote:
Originally Posted by Synaptik hongers and mainland immigrants | QTF.
watch the dumbshit goverment raise prices on shit now justbecuz the study say we are all rich... then fuck up ppl even more
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03-26-2009, 12:53 PM
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#17 | OMGWTFBBQ is a common word I say everyday
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Originally Posted by Synaptik hongers and mainland immigrants | no shit
they gotta somehow spend the money they made from the poor Americans lol
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
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03-26-2009, 01:14 PM
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#18 | Banned (BBM)
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03-26-2009, 02:35 PM
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#19 | My homepage has been set to RS
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I hate rich hongers |
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03-26-2009, 03:33 PM
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#20 | HELP ME PLS!!!
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since the avg house in Vancouver is 900k, then the avg household is 300k in debt... since most of that 600k per household is the home equity.
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03-26-2009, 04:11 PM
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#21 | RS.net, helping ugly ppl have sex since 2001
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That sort of extrapolation from the data would be an incorrect assumption.
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03-26-2009, 08:04 PM
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#22 | I *heart* Revscene.net very Muchie
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Originally Posted by Jackygor I hate rich hongers  | wow.. hyprocrite much?
__________________ 2011 VW Tiguan Highline 4Motion (Canada) 2013 Lexus IS350 F-Sport (Melbourne) |
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03-26-2009, 08:10 PM
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#23 | Banned (ABWS)
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Stop that Honger pic. Stop.
Anyways, Vancouver should also be the most expensive city too. Jesus, our housing cost so much.
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03-26-2009, 08:20 PM
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#24 | My homepage has been set to RS
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Thanks for the compliment Johnny, but I am afraid I do not have the hair of those in the picture.
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03-26-2009, 11:41 PM
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#25 | I HERP TO YOU DERP
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i like how they calculate net housing wealth without counting in the mortgage and debts that those families/individuals carry with them
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