Vancouver “teardown index” predicts which houses are at risk
February 21, 2017
Approximately one-quarter of detached homes in Vancouver’s red-hot housing market could be torn down between now and 2030, according to a new forecasting tool developed by a UBC researcher and industry collaborator.
This forecasting tool, known as the teardown index, suggests that the lower the value of the residence relative to the value of the overall property (its relative building value, or RBV), the more likely it is the house will be torn down and replaced by a new one.
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