How much will Vancouver house prices rise in 2014?

Average increase of 4.4% projected for Vancouver

Metro Vancouver house prices will increase by an average of 4.4 per cent this year to $801,000, according to the latest Royal LePage house price survey.

But Vancouver real estate experts suggested Thursday the forecast might be slightly optimistic.

“I’m expecting price increases in the one-to-two-per-cent range,” B.C. Real Estate Association chief economist Cameron Muir said in an interview. “Market conditions are fairly balanced now, which suggests fairly limited upward pressure on prices.

“I really don’t expect to see sales levels reach the point where prices are going to accelerate in any significant way.”

Sandra Wyant, president of the Real Estate Board of Greater Vancouver, noted most Vancouverarea housing prices increased by about two per cent last year – with the benchmark price for a detached home climbing 2.5 per cent to $927,000 while townhouse prices increased by 1.2 per cent to $456,100. Condominium prices rose by two per cent to $367,800.

“If we have pent-up demand this year, (Royal LePage) may very well be correct,” she said, noting the price-increase forecast is higher than other surveys. “It depends on how buyers are affected by certain events, such as interest rates and job growth.”

Royal LePage said confidence crept back into the Vancouver real estate market last year and it expects that momentum to carry over into 2014. The firm predicts total Metro Vancouver housing sales to increase from 28,700 in 2013 to 30,000 this year.

Royal LePage president Phil Soper said the national housing market emerged from a year-long correctional cycle of slow sales volumes last year.

“In the absence of some calamitous event or material increase in mortgage financing costs, we expect this positive momentum to characterize 2014,” he said in a statement.

Soper said talk of a “soft landing” for Canada’s real estate market this year is misguided.

“We expect no landing, no slowdown and no correction in the near-term,” he said. “Conditions are ripe for as strong a market as we saw in the post-recessionary rebound of the last decade.”

Muir noted the value of Metro Vancouver detached homes rose higher than other housing types last year and he expects that trend to continue in 2014.

“Condo prices have been quite flat while the price of single detached homes has accelerated, particularly in some of the tonier markets,” he said. “Eighty per cent of housing starts today are multi-family units so single detached homes will garner an increasing premium over time.”

Muir expects mortgage rates will remain “relatively unchanged” this year, with five-year rates increasing by about half a percentage point by the end of the year.

He said the U.S. economy could pose a risk to that forecast if it grows faster than expected this year, which could fuel inflation concerns and put more upward pressure on interest rates.

Wyant said job growth will play a big role in B.C. real estate values this year, noting the northern B.C. real estate market continues to perform well due to strong employment trends.

The Royal LePage survey said Calgary will have the highest house-price increases in Canada this year, with the average price increasing 5.1 per cent to $461,000. Vancouver’s 4.4-per-cent increase to $801,000 was second while Toronto came in third, with prices there expected to climb by 3.9 per cent this year to $545,000.

Across Canada, the average price is expected to increase by 3.7 per cent to $396,500.

Source: Bruce Constantineau, Vancouver Sun

Looking for a home to buy in Vancouver? Check out for properties for sale throughout British Columbia. Looking for an assignment condo? Check out for pre-sale condos for sale in Canada.


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Chiropractic Summit Promotes Drug-Free Approach to Health Care

Arlington, Va.—The Chiropractic Summit, an umbrella leadership group of prominent chiropractic organizations, met on Nov. 7 in Seattle, Wash. and approved, by unanimous motion, the following historic statements of agreement:

Summit Promotes Drug-Free Approach: The drug issue is a non-issue because no chiropractic organization in the Summit promotes the inclusion of prescription drug rights and all chiropractic organizations in the Summit support the drug-free approach to health care.

Summit Supports the Council on Chiropractic Education (CCE): The Summit fully supports the continued recognition of CCE. Even though there are some issues of concern remaining, such as CCE’s governance model, many good things have occurred the last couple of years. In addition, CCE has agreed to carefully review governance models for possible improvements beginning in 2014 in connection with the Summit Roundtable. In addition, the Summit voted unanimously to reaffirm its support of CCE before the Department of Education’s (DOE) National Advisory Committee on Institutional Quality and Integrity (NACIQI) this December.

Marketing Language: After multiple focus groups,the following marketing language was passed: The Summit acknowledges the concepts of spinal health and well-being as credible marketing messages and we encourage further efforts to refine and test such efforts.

“I am proud to say today that after much time, effort and energy, the Summit partner organizations—representing the leadership of our profession—have come to an agreement on the long divisive issue on drugs,“ said Summit chair Lewis J. Bazakos, MS, DC. “This truly was an historic meeting.”

First convened in September 2007, the Chiropractic Summit represents leadership from some 40 organizations within the profession. The Summit meets regularly to collaborate, seek solutions and support collective action to address challenges with the common goal of advancing chiropractic. For more information about the Summit and its leadership, visit


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Scheming politician to represent chiropractic at London Olympics, does Peter Dixon still practice chiropractic?


Is it any wonder the chiropractic profession is made look bad when the scheming politician Peter Dixon, is selected as a member of the central medical team at the London Olympics.  I was recently invited by Sports physiologist Lars Mickaelsik to spent the  day observing Brazil and Norways training camp at the Olympic park which was fascinating to see teams still using the type of warm ups and cool downs I pioneered in the 80s which were completly new at the time. Unfortunately due to my ongoing  treatment for cancer I have not  the time to get involved in Olympic preparations, despite a number of requests.  My involvement in the preparation of Danish athletes for LA and Seoul Olympics gave me  unique experience as to the performance support elite athletes require at this level, however no one asked my opinion on Peer Dixons appointment, no doubt knowing what I would say.   Athletes want chiropractors with clinical expertise and experience of elite sport, not clowns who spend their days scheming giving jobs to the boys up at the GCC. I guess these are the rewards for being part of the establishment and kissing the right arses. A successful team will have a performance […]

Chiropractic Live – Resisting the Medicalisation of and Promoting Chiropractic Care


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A Theoretical Model For The Development Of A Diagnosis-based Clinical Decision Rule For The Management Of Patients With Spinal Pain

Chiro.Org Blog: Chronic spinal pain is an increasingly common problem in Western Society [1]. Spinal disorders exact great costs, in terms of both direct medical costs and indirect costs related to disability and lost productivity [1-3]. A number of researchers have attempted to improve our ability to identify the causes of spinal pain as well as to diagnose and treat patients with this problem. In spite of this, accurate diagnosis, leading to specific, targeted treatments, of patients with spinal pain has been elusive. […]


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